2021 Form 7 Deadlines Approaching

Rural Utilities Service (RUS) borrowers have until March 31 to submit Form 7s to the federal agency and non-RUS borrowers have until April 30 to submit Form 7s to CFC. Data submitted to RUS is automatically retrieved by CFC to compile the Key Ratio Trend Analysis (KRTA). The report provides an in-depth look at the financial and operational performance of more than 800 electric cooperatives annually since 1975. CFC Form 7 assists in credit underwriting and loan decisions in addition to letting members see how they perform in the KRTA.

CFC developed a five-part online tutorial series to guide cooperative CFOs or senior-level accountants through the process of accessing, completing, checking and submitting the CFC Form 7.

The tutorials cover

• An orientation to the CFC Form 7;
• Step-by-step instructions for importing data;
• A guide to navigating each section of the form;
• Using balance checks and tools for validating data; and
• How to certify, authorize and submit the CFC Form 7.

The Form 7 Tutorials are available through the CFC Academy under the Events/Training tab on the CFC Member Website.

Members can watch a replay of “Tips for Successfully Completing a CFC Form 7,” a recent Extra Credit Education Series webinar, that provides tips for completing and submitting the CFC Form 7. Watch the replay by visiting the View Past Webinar Presentations page under the Events/Training tab and CFC Webinars & FMR menu item.