What's New?

News Releases

Periodic news releases about CFC's financial reports and other corporate announcements.

Read More

Featured Articles

Learn about CFC's member
and industry news.

Video: The CFC Difference

CFC provides unparalleled industry expertise to serve the needs of nearly 1,000 member-owners across all 50 states. Take a look at what makes CFC different from other financial lenders.


Recent News Releases

    1/18/2024

    CFC To Host Conference Call on Fiscal Year 2024 Second-Quarter Financial Results

    DULLES, Va.—The National Rural Utilities Cooperative Finance Corporation (CFC) will hold an investor conference call and webcast on Tuesday, January 23, at 3 p.m. Eastern Time. CFC CEO Andrew Don will provide a business update and CFC Senior Vice President and CFO Ling Wang will review CFC’s fiscal year 2024 second-quarter financial results.

    10/12/2023

    CFC To Host Conference Call on Fiscal Year 2024 First-Quarter Financial Results

    DULLES, Va.—The National Rural Utilities Cooperative Finance Corporation (CFC) will hold an investor conference call and webcast on Monday, October 16, at 12 p.m. Eastern Time. CFC CEO Andrew Don will provide a business update and CFC Senior Vice President and CFO Ling Wang will review CFC’s fiscal year 2024 first-quarter financial results.

    10/10/2023

    Electric Co-ops Support Nearly 623,000 Jobs, Contribute $111 Billion to U.S. GDP Annually, Report Finds

    WASHINGTON Oct. 9, 2023 – America’s electric cooperatives supported approximately 623,000 American jobs and contributed $111 billion annually to gross domestic product (GDP) from 2018 through 2022, according to a new report. Many of these impacts occur within the local communities served by co-ops, including 424,000 jobs and $75 billion annually in GDP. Yet these activities also have far-reaching impacts across the country—even in areas where co-ops do not serve consumers directly.

    8/3/2023

    CFC To Host Conference Call on Fiscal Year 2023 Financial Results

    DULLES, Va.—The National Rural Utilities Cooperative Finance Corporation (CFC) will hold an investor conference call and webcast on Wednesday, August 9, at 1 p.m. Eastern Time. CFC CEO Andrew Don will provide a business update and CFC Senior Vice President and CFO Ling Wang will review CFC’s fiscal year 2023 financial results.

    6/29/2023

    CFC Board of Directors Elects Officers: Felkel, Norton, Suggs

    DULLES, Va.—Directors from South Carolina, Georgia and North Carolina have been elected officers of the board of directors of the National Rural Utilities Cooperative Finance Corporation (CFC) following the CFC 2023 Annual Membership Meeting June 19 in Seattle.

    6/16/2023

    CFC’s Initial 2022 Key Ratio Trend Analysis Results Demonstrate Cooperatives’ Resiliency

    DULLES, Va.—The National Rural Utilities Cooperative Finance Corporation (CFC) has analyzed preliminary data for its 2022 Key Ratio Trend Analysis (KRTA) report, an annual assessment of financial trends among electric distribution cooperatives nationwide. The results show electric cooperatives continue their growth across many metrics, including consumers, sales and utility plant investment, and have maintained strong financial metrics.

    4/13/2023

    CFC To Host Conference Call on Fiscal Year 2023 Third-Quarter Financial Results

    DULLES, Va.—The National Rural Utilities Cooperative Finance Corporation (CFC) will hold an investor conference call and webcast Tuesday, April 18, at 10 a.m. Eastern Time. CFC CEO Andrew Don will provide a business update and CFC Senior Vice President and CFO Ling Wang will review CFC’s fiscal year 2023 third-quarter financial results.

    1/13/2023

    CFC To Host Conference Call on Fiscal Year 2023 Second-Quarter Financial Results

    DULLES, Va.—The National Rural Utilities Cooperative Finance Corporation (CFC) will hold an investor conference call and webcast on Wednesday, January 18, at 11 a.m. Eastern Time. CFC CEO Andrew Don will provide a business update and CFC Senior Vice President and CFO Ling Wang will review CFC’s fiscal year 2023 second-quarter financial results.

    10/17/2022

    CFC To Host Conference Call on Fiscal Year 2023 First-Quarter Financial Results

    The National Rural Utilities Cooperative Finance Corporation (CFC) will hold an investor conference call and webcast on Wednesday, October 19, at 11 a.m. Eastern Time. CFC CEO Andrew Don will provide a business update and CFC Senior Vice President and CFO Ling Wang will review CFC’s fiscal year 2023 first-quarter financial results.

    8/18/2022

    CFC Issues Second Sustainability Bond to Support Electric Cooperatives

    The National Rural Utilities Cooperative Finance Corporation (CFC) has announced the successful issuance of its second Sustainability Bond.

    8/8/2022

    CFC To Host Conference Call on Fiscal Year 2022 Financial Results

    DULLES, Va.—The National Rural Utilities Cooperative Finance Corporation (CFC) will hold an investor conference call and webcast on Tuesday, August 9, at 3 p.m. Eastern Time. CFC CEO Andrew Don will provide a business update and CFC Senior Vice President and CFO Ling Wang will review CFC’s fiscal year 2022 financial results.

    6/17/2022

    CFC’s Initial 2021 Key Ratio Trend Analysis Results Demonstrate Cooperatives’ Financial Strength

    DULLES, Va.—The National Rural Utilities Cooperative Finance Corporation (CFC) has analyzed preliminary data for its 2021 Key Ratio Trend Analysis (KRTA) report, an annual assessment of financial trends among electric distribution cooperatives nationwide. The results show electric cooperatives have maintained strong financial metrics and are experiencing growth across a number of measures, including consumers, sales, margins and utility plant.

    4/13/2022

    CFC To Host Conference Call on Fiscal Year 2022 Third-Quarter Financial Results

    DULLES, Va.—The National Rural Utilities Cooperative Finance Corporation (CFC) will hold an investor conference call and webcast on Tuesday, April 19, at 3 p.m. Eastern Time. CFC CEO Andrew Don will provide a business update and CFC Senior Vice President and CFO Ling Wang will review CFC’s fiscal year 2022 third-quarter financial results.

    1/19/2022

    CFC To Host Conference Call on Fiscal Year 2022 Second-Quarter Financial Results

    DULLES, Va.—The National Rural Utilities Cooperative Finance Corporation (CFC) will hold an investor conference call and webcast on Tuesday, January 25, at 4 p.m. Eastern Time. CFC CEO Andrew Don will provide a business update and CFC Senior Vice President and CFO Ling Wang will review CFC’s fiscal year 2022 second-quarter financial results.

    1/18/2022

    Snowden To Join CFC as Senior Vice President

    DULLES, Va.— The National Rural Utilities Cooperative Finance Corporation (CFC) announced today that Mark Snowden will join CFC’s executive team as a senior vice president focusing on strategic services for the electric cooperative network. Snowden currently serves as chief executive officer of Cimarron Electric Cooperative, based in Kingfisher, Oklahoma.

    10/12/2021

    CFC To Host Conference Call on Fiscal Year 2022 First-Quarter Financial Results

    DULLES, Va.—The National Rural Utilities Cooperative Finance Corporation (CFC) will hold an investor conference call and webcast on Wednesday, October 13, at 10 a.m. Eastern Time. CFC CEO Andrew Don will provide a business update and CFC Senior Vice President and CFO Ling Wang will review CFC’s fiscal year 2022 first-quarter financial results.

    8/2/2021

    CFC To Host Conference Call on Fiscal Year 2021 Financial Results

    DULLES, Va.—The National Rural Utilities Cooperative Finance Corporation (CFC) will hold an investor conference call and webcast on Wednesday, August 4, at 11 a.m. Eastern Time. CFC CEO Andrew Don will provide a business update and CFC Senior Vice President and CFO Ling Wang will review CFC’s fiscal year 2021 financial results.

    7/19/2021

    CFC’s Initial 2020 Key Ratio Trend Analysis Results Demonstrate Cooperatives’ Financial Strength

    DULLES, Va.—The National Rural Utilities Cooperative Finance Corporation (CFC) has analyzed preliminary data for its 2020 Key Ratio Trend Analysis (KRTA) report, an annual assessment of financial trends among electric distribution cooperatives nationwide. The results show the majority of electric cooperatives have maintained strong financial metrics and have successfully managed through last year’s economic downturn.

    4/14/2021

    CFC To Host Conference Call on Fiscal Year 2021 Third-Quarter Financial Results

    DULLES, Va.—The National Rural Utilities Cooperative Finance Corporation (CFC) will hold an investor conference call and webcast on Friday, April 16, at 1 p.m. Eastern Time. CFC Senior Vice President and CFO Andrew Don will review CFC’s fiscal year 2021 third-quarter financial results.

    3/11/2021

    CFC Taps CFO J. Andrew Don To Assume CEO Post

    DULLES, Va.— The National Rural Utilities Cooperative Finance Corporation (CFC), a member-owned nonprofit cooperative that provides financial products and services to America’s rural electric cooperative network, announced today that Chief Financial Officer J. Andrew Don, has been selected by its board of directors to assume the role of chief executive officer, effective May 3, 2021. Don assumes the position from long-time CEO Sheldon C. Petersen, age 68, who in July 2020 announced his plan to retire. Global executive search firm Korn Ferry (NYSE: KFY) led the search process for a replacement.

    3/5/2021

    CFC To Host Conference Call on Severe Weather Impact on Borrowers

    DULLES, Va.—The National Rural Utilities Cooperative Finance Corporation (CFC) will hold an investor conference call and webcast on Monday, March 8, at 10 a.m. Eastern Time. CFC Senior Vice President and CFO J. Andrew Don will provide an update on the impact that recent weather events have had on CFC borrowers.

    3/5/2021

    S&P Global Ratings Issues Downgrade and Revised Outlook on CFC

    DULLES, Va.—The National Rural Utilities Cooperative Finance Corporation (CFC) announced that S&P Global Ratings (S&P) issued a downgrade on the organization’s secured and unsecured debt, while revising its outlook to “negative” based on the potential for elevated credit stress posed by electric utilities operating in Texas following last month’s winter storm that resulted in blackouts and billing errors throughout the state.

    1/13/2021

    CFC To Host Conference Call on Fiscal Year 2021 Second-Quarter Financial Results

    DULLES, Va.—The National Rural Utilities Cooperative Finance Corporation (CFC) will hold an investor conference call and webcast on Wednesday, January 20, at 10 a.m. Eastern Time. CFC Senior Vice President and CFO J. Andrew Don will review CFC’s fiscal year 2021 second-quarter financial results.

    10/26/2020

    CFC Taps Korn Ferry for Global Search of New Leader

    DULLES, Va. (October 26, 2020) — The National Rural Utilities Cooperative Finance Corporation (CFC), a member-owned nonprofit cooperative that provides financial products and services to America’s rural electric cooperative network, announced today that it is working exclusively with the global executive search firm Korn Ferry (NYSE: KFY) to find a successor to Chief Executive Officer Sheldon Petersen, who will retire in 2021. Korn Ferry also led the search that placed Petersen as CEO in 1995.

    10/15/2020

    CFC To Host Conference Call on Fiscal Year 2021 First-Quarter Financial Results

    DULLES, Va.—The National Rural Utilities Cooperative Finance Corporation (CFC) will hold an investor conference call and webcast on Tuesday, October 20, at 10 a.m. Eastern Time. CFC Senior Vice President and CFO J. Andrew Don will review CFC’s fiscal year 2021 first-quarter financial results.

    10/14/2020

    CFC Issues Sustainability Bond to Support Electric Cooperatives

    DULLES, Va.—The National Rural Utilities Cooperative Finance Corporation (CFC) announces the successful issuance of its inaugural Sustainability Bond to be used to finance rural broadband and renewable energy projects.

    8/11/2020

    CFC Reviews Financial Strength of Electric Cooperatives

    DULLES, Va.— The National Rural Utilities Cooperative Finance Corporation (CFC) announced that its credit ratings remain stable despite the influence of the COVID-19 pandemic on the U.S. economy.

    8/6/2020

    CFC To Host Conference Call on Fiscal Year 2020 Financial Results

    DULLES, Va.—The National Rural Utilities Cooperative Finance Corporation (CFC) will hold an investor conference call and webcast on Friday, August 7, at 10 a.m. Eastern Time. CFC CEO Sheldon C. Petersen will provide a business update and CFC Senior Vice President and CFO J. Andrew Don will review CFC’s fiscal year 2020 financial results.

    7/23/2020

    CFC Announces Planned Retirement of CEO Sheldon C. Petersen

    DULLES, Va.— The National Rural Utilities Cooperative Finance Corporation (CFC) has announced that Sheldon C. Petersen, Chief Executive Officer, notified the Board of Directors of his intention to retire in the first half of 2021, subject to the successful completion of a search for a successor.

    6/29/2020

    CFC Tabulates Initial Results for 2019 Key Ratio Trend Analysis

    DULLES, Va.—The National Rural Utilities Cooperative Finance Corporation (CFC) has analyzed preliminary data for its 2019 Key Ratio Trend Analysis (KRTA), an annual assessment of financial trends among electric distribution cooperatives nationwide. CFC expects to release final KRTA numbers in late July.

    4/13/2020

    CFC To Host Conference Call on Fiscal Year 2020 Third-Quarter Financial Results

    DULLES, Va.—The National Rural Utilities Cooperative Finance Corporation (CFC) will hold an investor conference call and webcast on Friday, April 17, at 11 a.m. Eastern Time. CFC Senior Vice President and CFO J. Andrew Don will review CFC’s fiscal year 2020 third-quarter financial results.

    1/16/2020

    CFC To Host Conference Call on Fiscal Year 2020 Second-Quarter Financial Results

    DULLES, Va.—The National Rural Utilities Cooperative Finance Corporation (CFC) will hold an investor conference call and webcast on Tuesday, January 21, at 11 a.m. Eastern Time. CFC Senior Vice President and CFO J. Andrew Don will review CFC’s fiscal year 2020 second-quarter financial results.