Formed in 1969, the National Rural Utilities Cooperative Finance Corporation (CFC) is a privately owned, non-governmental organization that provides state-of-the-art financial products to its members.
CFC's consolidated membership was 1,522 as of May 31, 2009. Member organizations in 49 states, the District of Columbia and two U.S. territories included 897 electric utility systems, 498 telecommunications organizations, 66 statewide and regional service organizations and 61 associates. Of the 897 electric utility systems, 829 are distribution systems and 68 are generation-and-transmission (G&T or "power supply") systems.
At the end of FY2009 (May 31, 2009), CFC's total gross loans and guarantees outstanding were $21.5 billion, and its owners had invested more than $4.3 billion in CFC securities.
For more information on CFC's membership and financials, please see the Fiscal Year 2009 CFC Annual Report.