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Last Trade
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Last Trade:
$25.50
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Change:
0.13 (0.51%)
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Trade Time:
May 24
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Market Cap:
$255.00M
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Description of Business
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National Rural Utilities Cooperative Finance Corporation ("CFC") is a
member-owned cooperative association incorporated under the laws of the District
of Columbia in April 1969. CFC's principal purpose is to provide its members
with financing to supplement the loan programs of the Rural Utilities Service
("RUS") of the United States Department of Agriculture ("USDA"). CFC makes loans
to its rural electric members so they can acquire, construct and operate
electric distribution, generation and transmission ("power supply") systems and
related facilities. CFC also provides its members with credit enhancements in
the form of letters of credit and guarantees of debt obligations. As a
cooperative, CFC is owned by and exclusively serves its membership, which
consists of not-for-profit entities or subsidiaries or affiliates of
not-for-profit entities. CFC is exempt from federal income taxes under Section
501(c)(4) of the Internal Revenue Code.
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