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 are automatically retrieved by CFC to compile the Key Ratio Trend Analysis (KRTA) report. The report provides an in-depth look at the financial and operational performance of more than 800 electric cooperatives annually since 1975.
CFC recently launched the enhanced CFC Form 7 to streamline reporting, improve transparency and deliver deeper financial insights while assisting in credit underwriting and loan decisions.
A new feature to this year’s reporting cycle is the introduction of CFC Form 7 Financial and Operational Dashboards, which support review, validation and analysis of submitted data. The Power BI dashboard templates provide a consistent and visual approach to understanding financial and operational performance while helping identify trends over time.
Learn more about how CFC members are already experiencing gains in efficiency, clarity and ease of use from the updated CFC Form 7.
CFC developed a five-part online tutorial series to guide cooperative CFOs and senior-level accountants through the process of accessing, completing, checking and submitting the CFC Form 7.
The tutorials cover:
The Form 7 Tutorials are available through the CFC Academy under the Events/Training tab on the CFC Member Website. CFC staff are in the process of updating the tutorials to reflect recent enhancements.
Members can watch a replay of “CFC Form 7 Tips,” a recent Extra Credit Education Series webinar, that provides tips for completing and submitting the CFC Form 7. Watch the replay by visiting the Webinar Archive page under the Resource Library tab.