| RURAL-ELECTRIC-COOPERATIVES |
RURAL-ELECTRIC-COOPERATIVES |
92%
|
Our primary credit exposure is loans to rural electric cooperatives, which provide essential electric services to end-users, the majority of which are residential customers. |
| CFC-DISTRIBUTION |
CFC-DISTRIBUTION |
90%
|
Loans to CFC distribution and power supply borrowers accounted for 94% and 95% of total loans to members as of February 28, 2026 and May 31, 2025, respectively. |
| CFC-POWER-SUPPLY |
CFC-POWER-SUPPLY |
90%
|
Loans to CFC distribution and power supply borrowers accounted for 94% and 95% of total loans to members as of February 28, 2026 and May 31, 2025, respectively. |
| MEMBERS |
MEMBERS |
90%
|
Member investments accounted for 15% and 16% of total debt outstanding as of May 31, 2024 and 2023, respectively. |
| TELECOMMUNICATION-COMPANIES |
TELECOMMUNICATION-COMPANIES |
90%
|
We also have a limited portfolio of loans to not-for-profit and for-profit telecommunication companies. |
| CFC |
CFC |
85%
|
Loans to CFC distribution, power supply, and statewide and associate borrowers accounted for 95% and 96% of total loans to members as of May 31, 2024 and 2023, respectively. |
| TEXAS-BASED-BORROWERS |
TEXAS-BASED-BORROWERS |
85%
|
Texas, which had 67 and 69 borrowers with loans outstanding as of May 31, 2024 and 2023, respectively, accounted for the largest number of borrowers with loans outstanding in any one state as of each… |
| CFC-STATEWIDE-ASSOCIATE |
CFC-STATEWIDE-ASSOCIATE |
80%
|
The remaining loans outstanding in our portfolio were to members, affiliates and associates in the telecommunications industry. |
| NCSC |
NCSC |
80%
|
We experienced increases in CFC distribution loans, CFC power supply loans, CFC statewide and associate loans and NCSC telecom loans of $1,667 million, $205 million, $37 million and $111 million, res… |
| NCSC-ELECTRIC |
NCSC-ELECTRIC |
80%
|
NCSC Electric NCSC Telecom NCSC Total Total Allowance components: Collective allowance $ 18,473 $ 6,200 $ 1,100 $ 25,773 $ 3,818 $ 1,722 $ 5,540 $ 31,313 |
| NCSC-TELECOM |
NCSC-TELECOM |
80%
|
NCSC Electric NCSC Telecom NCSC Total Total Allowance components: Collective allowance $ 18,473 $ 6,200 $ 1,100 $ 25,773 $ 3,818 $ 1,722 $ 5,540 $ 31,313 |
| AGM |
Federal Agricultural Mortgage Corporation |
72%
|
ime to time, the fundamental goal of our overall business model is to work with our members to ensure that CFC is able to meet their financing needs, as well as provide industry expertise and strateg… |
| AGM |
Federal Agricultural Mortgage Corporation |
72%
|
Reciprocal relationship from AGM graph: Reciprocal relationship from NRUC graph: Reciprocal relationship from AGM graph: Reciprocal relationship from NRUC graph: Reciprocal relationship from AGM grap… |
| SPGI |
S&P Global Inc. |
72%
|
ations and expose them to liability. The impacts of climate change present nota ble risks, including damage to the assets of our members, which could adversely impact the quality of our loan portfoli… |
| SPGI |
S&P Global Inc. |
72%
|
Reciprocal relationship from SPGI graph: Reciprocal relationship from NRUC graph: Reciprocal relationship from SPGI graph: Reciprocal relationship from NRUC graph: Reciprocal relationship from SPGI g… |
| BRAZOS-ELECTRIC-POWER-COOPERATIVE-INC |
BRAZOS-ELECTRIC-POWER-COOPERATIVE-INC |
62%
|
and $ 267 million as of May 31, 2024 and 2023, respectively, which reduced our exposure to the 20 largest borrowers to 19 % of our total loans outstanding as of each respective date. We have had no l… |
| BRAZOS-SANDY-CREEK-ELECTRIC-COOPERATIVE-INC |
BRAZOS-SANDY-CREEK-ELECTRIC-COOPERATIVE-INC |
62%
|
and $ 267 million as of May 31, 2024 and 2023, respectively, which reduced our exposure to the 20 largest borrowers to 19 % of our total loans outstanding as of each respective date. We have had no l… |
| COOPERATIVE-SECURITIES-LLC |
COOPERATIVE-SECURITIES-LLC |
62%
|
ations that arise after the date any forward-looking statement is made. INTRODUCTION Our financial statements include the consolidated accounts of National Rural Utilities Cooperative Finance Corpora… |
| ENTERPRISE-RISK-GROUP |
ENTERPRISE-RISK-GROUP |
62%
|
ndications and loan sales. We maintain an internal risk rating system in which we assign a rating to each borrower and credit facility. We review and update the risk ratings at least annually. Assign… |
| FARMER-MAC-MORTGAGE-SECURITIES-CORPORATION |
FARMER-MAC-MORTGAGE-SECURITIES-CORPORATION |
62%
|
r we may be unable to find a suitable replacement. We manage our derivative counterparty credit exposu re through diversification of our derivative positions among various counterparties and by execu… |
| FMC |
FMC Corporation |
62%
|
Reciprocal relationship from FMC graph: Reciprocal relationship from NRUC graph: r we may be unable to find a suitable replacement. We manage our derivative counterparty credit exposu re through dive… |
| NATIONAL-RURAL-UTILITIES-COOPERATIVE-FINANCE-COR |
NATIONAL-RURAL-UTILITIES-COOPERATIVE-FINANCE-COR |
62%
|
ations that arise after the date any forward-looking statement is made. INTRODUCTION Our financial statements include the consolidated accounts of National Rural Utilities Cooperative Finance Corpora… |
| SECURITIES-INVESTOR-PROTECTION-CORPORATION |
SECURITIES-INVESTOR-PROTECTION-CORPORATION |
62%
|
ations that arise after the date any forward-looking statement is made. INTRODUCTION Our financial statements include the consolidated accounts of National Rural Utilities Cooperative Finance Corpora… |
| UNADVANCED-LOAN-CO |
UNADVANCED-LOAN-CO |
62%
|
n commitments is not set until an advance is made; therefore, all unadvanced long-term loan commitments are reported as variable rate. However, the borrower may select either a fixed or a variable ra… |
