NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/
NRUC · Miscellaneous Business Credit Institution · EDGAR filings ↗
Grade
C56National Rural Utilities CFC — cooperative lender with very high leverage.
Strengths
- Stable, member-owned utility-lending niche
- Adequate liquidity
Risks
- Net income down 75% (18th pct)
- Leverage D/E 8.8 (97th) — inherent to lending model
- Rate and spread sensitivity
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- High leverageHigh leverage (debt/equity 8.81)
Key metrics
Return on equity
4.5%
Return on assets
0.4%
Net-income growth
-74.7%
Debt / equity
8.8×
Tangible book value
$3.1B
Cash & investments
$135M
Supply chain
Customers (0)
Suppliers (2)
- Federal Agricultural Mortgage Corporation (Farmer Mac)
- Federal Financing Bank
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-17 | Exec/director changeExhibits | filing ↗ |
| 2026-03-20 | OtherExhibits | filing ↗ |
| 2026-02-10 | OtherExhibits | filing ↗ |
| 2026-01-30 | Material agreementOtherExhibits | filing ↗ |
| 2025-11-12 | Material agreementExhibits | filing ↗ |
| 2025-11-10 | OtherExhibits | filing ↗ |
| 2025-10-15 | OtherExhibits | filing ↗ |
| 2025-07-02 | Exec/director changeExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-17 | 2026-06-15 | 0000070502-26-000450 ↗ |
| 10-Q | 2026-04-10 | 2026-02-28 | 0000070502-26-000271 ↗ |
| 8-K | 2026-03-20 | 2026-03-20 | 0000070502-26-000236 ↗ |
| 8-K | 2026-02-10 | 2026-02-06 | 0000070502-26-000089 ↗ |
| 8-K | 2026-01-30 | 2026-01-28 | 0001104659-26-008611 ↗ |
| 10-Q | 2026-01-13 | 2025-11-30 | 0000070502-26-000015 ↗ |
| 8-K | 2025-11-12 | 2025-11-12 | 0000070502-25-000498 ↗ |
| 8-K | 2025-11-10 | 2025-11-10 | 0000070502-25-000485 ↗ |
| 8-K | 2025-10-15 | 2025-10-15 | 0000070502-25-000443 ↗ |
| 10-Q | 2025-10-14 | 2025-08-31 | 0000070502-25-000437 ↗ |
| 10-K | 2025-08-05 | 2025-05-31 | 0000070502-25-000211 ↗ |
| 8-K | 2025-07-02 | 2025-06-30 | 0000070502-25-000123 ↗ |