NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION
20701 COOPERATIVE WAY, DULLES, VA 20166 www.nrucfc.coop

Total Revenue
$1,380,006,975
Total Expenses
$1,240,837,727
Net Assets
$632,256,543

Organizations Filed Purposes: TO BRIDGE THE FINANCIAL NEEDS OF THE RURAL ELECTRIC NETWORK WITH THE EXPECTATIONS OF THE GLOBAL CAPITAL MARKETS, ONE COOPERATIVE AT A TIME.

BRIDGING THE FINANCIAL NEEDS OF THE RURAL ELECTRIC COOPERATIVE NETWORK WITH GLOBAL CAPITAL MARKETS.

LENDING SERVICES:CFC PROVIDES LOANS TO ITS MEMBERS, RURAL ELECTRIC COOPERATIVES AND THEIR RELATED ORGANIZATIONS, AND GENERATES INTEREST INCOME FROM THESE LOANS. TO FUND ITS LENDING SERVICES, CFC RAISES FUNDS IN THE CAPITAL MARKETS OR PRIVATE THIRD PARTY TRANSACTIONS AND PAYS A RATE OF RETURN COMMENSURATE WITH CURRENT ECONOMIC CONDITIONS FOR THE USE OF THOSE FUNDS. THESE RAISED FUNDS PERMIT CFC TO MEET THE BORROWING NEEDS OF ITS MEMBERS SO THEY CAN CONTINUE TO PROVIDE ELECTRIC AND POWER SERVICES TO THE CONSUMERS AND BUSINESSES IN THE RURAL TERRITORIES SERVICED BY THOSE MEMBERS/BORROWERS. CFC OPERATES IN SUCH MANNER TO OBTAIN FUNDING BASED ON COST AVAILABLE TO IT AND PASSES THE COSTS AND RESULTING SAVINGS ALONG TO ITS BORROWERS.

INTEGRITY FUND -- UTILIZING A RESTRICTED CASH ACCOUNT, CFC MANAGES A VOLUNTARY FUND ESTABLISHED FOR THE PURPOSE OF ASSISTING COOPERATIVES IN DEFENDING THEIR COOPERATIVE TERRITORIES AND PROTECTING COOPERATIVE PRINCIPLES.

EDUCATION FUND -- EACH STATEWIDE ASSOCIATION AND ELIGIBLE REGIONAL ASSOCIATION WILL SUBMIT AN APPLICATION FORM DESCRIBING THE PROGRAM FOR WHICH THE GRANT WILL BE USED. CFC CALCULATES THE AMOUNT ALLOTTED TO EACH APPLICANT DURING THE FISCAL YEAR BASED UPON THE TOTAL NUMBER OF CO-OPS WHICH ARE MEMBERS OF CFC AND OF THE ASSOCIATION, WITH RESPECT TO STATEWIDE ASSOCIATIONS, THE NUMBER OF STATES EACH APPLICANT REPRESENTS, AND THE NUMBER OF CO-OPS THAT ARE 100% CFC BORROWERS. THE SENIOR VICE PRESIDENT OF CFC'S CORPORATE COMMUNICATIONS GROUP APPROVES THE APPLICATIONS MADE BY THE ASSOCIATIONS.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Sheldon C PetersenCEO65$1,822,466
Jonathon Andrew DonSVP AND CFO60$583,348
Gregory StarheimSVP, BUS & IND DEV60$576,033
Roberta B AronsonSVP & GEN COUNSEL55$520,366
Joel AllenSVP, MEMBER SERVICES GROUP50$446,613
Graceann ClendenenSVP & CAO50$446,264
Steven M Kettler Until 120SVP, STRATEGIC SERVICES70$425,979
Brad CaptainSVP, CORPORATE RELATIONS55$372,390
Allyn J AmatoVP & DEP GEN COUNSEL48$370,429
Robin ReedSVP, LOAN OPERATIONS50$367,058
Richard PerreaultVP AND CIO40$363,601
John M BorakSVP, CREDIT RISK MANAGEMEN60$355,403
Gary A BradburyVP, INTERNAL AUDIT AND ERM47$327,326
Lawrence SaundersVP, PORTFOLIO MANAGEMENT55$321,193
Robert E Geier JrVP AND CONTROLLER60$315,749
John Frederick SuterVP, CAPITAL MARKETS RESEARCH & ANALYSIS40$308,608
Amy S LuongoVP, PORTFOLIO MANAGEMENT45$297,908
Yu Ling WangVP, CAPITAL MARKETS65$291,213
Gholam M SalehVP, FINANCIAL RISK MANAGEM70$280,941
W Daniel CawoodVP, PORTFOLIO MANAGEMENT50$268,187
David W OlahVP, PORTFOLIO MANAGEMENT50$259,403
Kent D Farmer Until 320DIRECTOR10$61,000
Dean R TeschPRESIDENT-DIRECTOR9$61,000
Alan W WattlesVICE PRESIDENT14.3$60,000
Gregory D Williams Until 320DIRECTOR8.5$55,000
Stephen C Vail Until 320DIRECTOR7$55,000
Debra L Robinson Until 420DIRECTOR3$55,000
Thomas L Hayes Until 320DIRECTOR9.5$55,000
Curtis WynnDIRECTOR5$55,000
Todd P WareDIRECTOR5.5$55,000
Marsha L ThompsonDIRECTOR11$55,000
Bradley J SchardinDIRECTOR12.49$55,000
Timothy RodriguezDIRECTOR10$55,000
Jimmy A LafoyDIRECTOR8.5$55,000
Doyle Jay HansonDIRECTOR10$55,000
David E FelkelDIRECTOR5$55,000
Robert BrockmanDIRECTOR9$55,000
Bruce A VitoshSECRETARY-TREASURER9$55,000
G Anthony NortonDIRECTOR10$45,833
Bradley JanorschkeDIRECTOR6$45,833
Barbara HamptonDIRECTOR4$45,833
Dennis FulkDIRECTOR10$45,833
Chris ChristensenDIRECTOR5$45,833
Thomas BaileyDIRECTOR6$45,833
Harry N ParkFORMER DIRECTOR0$10,167
Mark A Suggs Begin 320DIRECTOR0$0
Anthony Larson Begin 320DIRECTOR0$0
William Keith Hayward Begin 320DIRECTOR0$0
Kevin M Bender Begin 320DIRECTOR0$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202022839349301107_public.xml