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The National Rural Utilities Cooperative Finance Corporation (CFC) is a member-owned, nonprofit finance cooperative committed to supporting America's electric cooperative utilities. With assets totaling approximately $34 billion, CFC provides financing to over 1,000 members and associates, including electric distribution cooperatives, power supply cooperatives, and statewide and regional associations.
Founded with a mission to aid the electric cooperative network, CFC operates under the seven cooperative principles, emphasizing service, integrity, and excellence. The organization plays a crucial role in ensuring that rural communities across the United States have access to affordable, reliable, and sustainable electric power.
One of CFC’s key initiatives includes the Key Ratio Trend Analysis (KRTA), an annual report that assesses financial trends among electric distribution cooperatives. The latest KRTA report for 2022 highlights significant growth in consumer numbers, utility plant investments, and strong financial metrics despite economic challenges such as rising power costs and inflation. For instance, consumer growth nearly surpassed 1%, while investment in utility plant saw an impressive increase of 8.16%.
Further demonstrating resilience, CFC reported that both accounts receivable over 60 days and write-offs have declined to historic lows, indicating robust financial health among cooperatives. These achievements underscore the effectiveness of the cooperative business model in maintaining financial stability even in challenging times.
Recent News: On June 16, 2023, CFC released preliminary data for its 2022 KRTA report, showing continued growth in key metrics among electric distribution cooperatives. The resilient performance amidst rising power costs and inflation highlights CFC’s pivotal role in supporting rural electric cooperatives.
For more information on CFC’s work and services, visit www.nrucfc.coop.
The National Rural Utilities Cooperative Finance Corporation (CFC) will host an investor conference call on January 18, 2023, at 11 a.m. ET. CEO Andrew Don will present a business update, while CFO Ling Wang will discuss the fiscal year 2023 second-quarter financial results. Investors can join the live webcast via CFC's Webcasts & Presentations page, with pre-registration available. A replay will be accessible after the event. Additionally, CFC filed its Form 10-Q for the period ending November 30, 2022, on January 13, 2023. CFC has $33 billion in assets and serves the needs of America’s electric cooperative network.
The National Rural Utilities Cooperative Finance Corporation (CFC) will conduct an investor conference call on October 19, 2022, at 11 a.m. Eastern Time. CFC CEO Andrew Don and CFO Ling Wang will discuss the business update and review financial results for the first quarter of fiscal year 2023. Investors can access the event via a live webcast or a conference call. The event follows the filing of CFC's Form 10-Q for the period ending August 31, 2022, with the SEC on October 13. CFC, a nonprofit finance cooperative, has $32 billion in assets.
The National Rural Utilities Cooperative Finance Corporation (CFC) will hold an investor conference call and webcast on August 9, 2022, at 3 p.m. ET. CFC CEO Andrew Don will present a business update, while CFO Ling Wang will review the fiscal year 2022 financial results. Investors can access the event via a live webcast or a conference call. A replay will be available afterward. The Form 10-K for the period ending May 31, 2022, is set to be filed with the SEC today. CFC, a nonprofit cooperative with $30 billion in assets, provides financial services to its member-owners.
The National Rural Utilities Cooperative Finance Corporation (CFC) released its 2021 Key Ratio Trend Analysis (KRTA), highlighting strong financial performance among electric distribution cooperatives. Coverage ratios improved, with the Times Interest Earned Ratio (TIER) rising from 2.80 to 2.95 and equity as a percentage of assets increasing to 45.97%. Consumer growth exceeded 1%, the highest in over a decade, with 93% of cooperatives reporting increases. Investment in utility plant grew by 3.95%, and accounts receivable and write-offs declined to pre-pandemic levels.
The National Rural Utilities Cooperative Finance Corporation (CFC) is set to host an investor conference call on April 19, 2022, at 3 p.m. ET. CEO Andrew Don will present a business update, while CFO Ling Wang will share the third-quarter financial results for fiscal year 2022. Participants can join via a live webcast or conference call, with details available on CFC's investor relations page. A replay of the call will be accessible afterward. CFC, a nonprofit cooperative with $30 billion in assets, continues to provide financial services to America's electric cooperative network.
The National Rural Utilities Cooperative Finance Corporation (CFC) will host an investor conference call on January 25, 2022, at 4 p.m. ET. CEO Andrew Don will present a business update, and CFO Ling Wang will discuss the fiscal Q2 2022 financial results. Investors can access the event via a live webcast or a conference call, with details provided on CFC's investor relations page. A replay of the webcast will be available afterward. CFC, a nonprofit cooperative with $30 billion in assets, serves America's electric cooperative network.
The National Rural Utilities Cooperative Finance Corporation (CFC) has appointed Mark Snowden as senior vice president for strategic services. With nearly 25 years of experience in the electric cooperative sector, Snowden aims to enhance CFC's offerings for its utility members. CFC CEO Andrew Don expressed excitement about Snowden's leadership and vision, noting his extensive background in finance and as a trustee for various electric cooperative boards. CFC, a nonprofit with $30 billion in assets, is committed to supporting its members in the evolving utility landscape.
The National Rural Utilities Cooperative Finance Corporation (CFC) will host an investor conference call and webcast on October 13, 2021, at 10 a.m. Eastern Time. CFC CEO Andrew Don will provide a business update, while CFO Ling Wang will discuss Q1 2022 financial results. Participants can join via the live webcast or by calling in with the provided numbers. Additionally, a replay of the webcast will be available post-event, and CFC’s Form 10-Q for the period ended August 31, 2021, will be filed with the SEC later today.
The National Rural Utilities Cooperative Finance Corporation (CFC) is set to hold a conference call and webcast on August 4, 2021, at 11 a.m. ET. This session will feature CEO Andrew Don delivering a business update, while CFO Ling Wang will present the financial results for fiscal year 2021. Investors can access the event live via webcast or conference call, with necessary details available on CFC's investor page. A replay will be accessible post-event, and CFC's Form 10-K has been filed with the SEC.
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