National Rural Utilities Cooperative Finance Corporation reports news about CFC, a nonprofit finance cooperative created and owned by America’s electric cooperative network to serve its member-owners. Recurring updates cover fiscal-year financial results, investor conference calls and webcasts, and the filing of Form 10-Q and Form 10-K reports tied to those results.
CFC news also includes cooperative-sector analysis such as the Key Ratio Trend Analysis, an annual report that tracks financial and operational ratios for electric distribution cooperatives and related benchmarking through KRTA Pro.
The National Rural Utilities Cooperative Finance Corporation (CFC) is set to hold a conference call and webcast on August 4, 2021, at 11 a.m. ET. This session will feature CEO Andrew Don delivering a business update, while CFO Ling Wang will present the financial results for fiscal year 2021. Investors can access the event live via webcast or conference call, with necessary details available on CFC's investor page. A replay will be accessible post-event, and CFC's Form 10-K has been filed with the SEC.
The National Rural Utilities Cooperative Finance Corporation (CFC) released its 2020 Key Ratio Trend Analysis (KRTA) report, indicating that most electric distribution cooperatives maintained strong financial performance despite economic challenges. Key metrics improved, with the times interest earned ratio (TIER) rising from 2.64 to 2.80 and modified debt service coverage (MDSC) increasing from 1.91 to 1.96. Nearly 90% of cooperatives reported consumer growth, particularly in Texas, Tennessee, Georgia, and Florida. However, there were slight declines in kilowatt-hour sales and revenue, with average interest rates on debt decreasing to 3.69%.
The National Rural Utilities Cooperative Finance Corporation (CFC) will host an investor conference call and webcast on April 16, 2021, at 1 p.m. Eastern Time. CFO Andrew Don will present the financial results for the third quarter of fiscal year 2021. Investors can access the call via a live webcast or by phone, with details provided. A replay of the webcast and the Form 10-Q for the period ended February 28, 2021, will be available post-event. CFC, with over $29 billion in assets, is a nonprofit finance cooperative serving electric cooperatives.