June 26, 2017 8:31 AM ET

Diversified Financial Services

Company Overview of National Rural Utilities Cooperative Finance Corporation

Company Overview

National Rural Utilities Cooperative Finance Corporation, a cooperative association, provides its members with financing to supplement the loan programs of the Rural Utilities Service of the United States Department of Agriculture. The company offers loans to its rural electric members to acquire, construct, and operate electric distribution, generation, transmission, and related facilities. It also provides credit enhancements in the form of letters of credit and guarantees of debt obligations to its members. In addition, the company manages the lending activities of Rural Telephone Finance Cooperative that offers and arranges financing for its rural telecommunications members and their aff...

20701 Cooperative Way

Dulles, VA 20166

United States

Founded in 1969

243 Employees

Phone:

703-467-1800

Fax:

703-467-5175

Key Executives for National Rural Utilities Cooperative Finance Corporation

Chief Executive Officer
Age: 63
President and Director
Age: 68
Chief Financial Officer and Senior Vice President
Age: 56
Chief Operating officer and Executive Vice President
Age: 66
Senior Vice President and General Counsel
Age: 58
Compensation as of Fiscal Year 2016.

National Rural Utilities Cooperative Finance Corporation Key Developments

Mark Snowden Not to Stand for Re-election as Director of National Rural Utilities Cooperative Finance Corporation

On April 19, 2017, Mark Snowden notified National Rural Utilities Cooperative Finance Corporation that he does not intend to stand for re-election as a director on the Board of Directors of the Company. Pursuant to the Company’s bylaws, Mr. Snowden is eligible to serve two consecutive three-year terms. Mr. Snowden is expected to continue to serve as a director of the Company until the end of his current term. Mr. Snowden’s decision not to stand for re-election is for personal reasons and not because of a disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

National Rural Utilities Cooperative Finance Corporation Announces Financial Results for the Nine Months Ended February 28, 2017

National Rural Utilities Cooperative Finance Corporation announced financial results for the nine months ended February 28, 2017. For the nine months, adjusted net interest income totaled $158 million as compared to $187 million for the same prior year period. The $29 million decrease in adjusted net interest income was driven by a 23 basis point decrease in the adjusted net interest yield to 86 basis points for the current period from 109 basis points for the same prior year period. Adjusted net income totaled $102 million compared to $135 million for the same prior year period. The $33 million decrease in adjusted net income was largely driven by $29 million decrease in adjusted net interest income and a $5 million negative variance of other noninterest income.

National Rural Utilities Cooperative Finance Corporation, Q3 2017 Earnings Call, Apr 10, 2017

National Rural Utilities Cooperative Finance Corporation, Q3 2017 Earnings Call, Apr 10, 2017

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Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
 

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