Diversified Financial Services
Company Overview of National Rural Utilities Cooperative Finance Corporation
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. It offers loans to its rural electric members for the acquisition, construction, and operation of electric distribution, generation, transmission, and related facilities. The company also provides credit enhancements in the form of letters of credit and guarantees of debt obligations to its members. In addition, it lends to and manages the lending activities of Rural Telephone Finance Cooperative (RTFC), which provides and arranges financing for its rural telecomm...
20701 Cooperative Way
Dulles, VA 20166
Founded in 1969
Key Executives for National Rural Utilities Cooperative Finance Corporation
Chief Financial Officer and Senior Vice President
Chief Operating officer and Executive Vice President
Senior Vice President of Special Asset Management
Compensation as of Fiscal Year 2013.
National Rural Utilities Cooperative Finance Corporation Key Developments
National Rural Utilities Cooperative Finance Corporation Announces Auditor Changes
Nov 15 13
The Audit Committee of National Rural Utilities Cooperative Finance Corporation recently completed a competitive process concerning the company's independent registered public accounting firm for the fiscal year ending May 31, 2014, in which several firms were invited to participate. On November 12, 2013, the Audit Committee approved the dismissal of Deloitte and Touche LLP as the company's independent registered public accounting firm. On November 12, 2013, the Audit Committee approved the appointment of KPMG LLP as the company's independent registered public accounting firm to perform independent audit services for the fiscal year ended May 31, 2014.
National Rural Utilities to Redeem $150 Million of Collateral Trust Bonds
Nov 15 13
National Rural Utilities Cooperative Finance Corp. on Dec. 16 will redeem $150 million of its $600 million of 4.75% collateral trust bonds due 2014. The bonds will be redeemed at a price equal to the greater of either the principal redemption amount or the sum of the present values of the remaining scheduled payments of the principal and interest on the bonds being redeemed, discounted to the redemption date on a semiannual basis at the Treasury rate, as determined Dec. 11, plus 15 basis points for the bonds and, in each case, accrued interest to the redemption date. National Rural Utilities expects to pay a premium on the bond redemption of about $1 million. The redemption is being effected to reduce the $600 million maturity amount of the bonds due March 1, 2014. The principal and accrued distributions at the redemption date will be paid with a combination of cash on hand and other liquidity sources, including the issuance of commercial paper.
Richard E. Larochelle to Retire as Senior Vice President of Corporate Relations of National Rural Utilities Cooperative Finance Corporation, Effective December 31, 2013
Oct 31 13
On October 30, 2013, National Rural Utilities Cooperative Finance Corporation was notified by Mr. Richard E. Larochelle, 61, that he plans to retire from his position as CFC's Senior Vice President of Corporate Relations effective December 31, 2013.
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