For Release: May 12, 2011
Contact: Brad Captain
HERNDON, Va.—The National Rural Utilities Cooperative Finance Corporation (CFC) (NYSE: NRU, NRC) announced preliminary results from its Key Ratio Trend Analysis (KRTA), an annual assessment of financial trends among electric distribution cooperatives nationwide.
“The majority of electric distribution cooperatives across the country have reported 2010 financial results, and these preliminary numbers show that co-ops had a strong year despite the economic recovery being slower than hoped for,” said Rich Larochelle, CFC senior vice president, Corporate Relations.
The preliminary KRTA report is based on data submitted by 648 electric cooperatives for the year ending December 31, 2010, as compared to results for the same cooperatives from last year’s KRTA. Key points include:
The final KRTA report, which will include data from approximately 820 electric distribution cooperatives, will be available by August 2011.
The National Rural Utilities Cooperative Finance Corporation (CFC) is a nonprofit cooperative that provides capital and industry-leading financial products to the nation’s rural utility systems. With more than $20 billion in assets, CFC is committed to providing unparalleled industry expertise, flexibility and responsiveness to serve the needs of its member-owners.
CFC developed the KRTA in 1975 to help electric cooperative managers and board members analyze a complete picture of their system’s performance as compared to national median numbers (medians are used as opposed to averages, which can be skewed by extreme responses on the high or low end). The KRTA is based on unaudited data reported by electric distribution cooperatives to the Rural Utilities Service and CFC.