2020 Press Releases

    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.

    Alan Wattles Elected CFC President During Special Board Meeting

    Alan Wattles, president and CEO of Illinois-based Monroe County Electric Cooperative (MCEC), was elected CFC president to serve the remainder of Dean Tesch’s term during a special board meeting November 9, 2020. Tesch died October 31 at home in Stetsonville, Wisconsin, surrounded by his family.

    CFC Board President Dean Tesch Passes Away

    CFC Board President Dean Tesch died Saturday, October 31, at home in Stetsonville, Wisconsin, surrounded by his family. Dean was a talented, humble man who has left a huge mark on CFC.

    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.