​Excerpt:

The National Rural Electric Cooperative Association (NRECA) is the national service organization dedicated to representing the national interests of cooperative electric utilities and the consumers they serve. NRECA is the national service organization for more than 900 not-for-profit rural electric utilities that provide electric energy to over 42 million people in 47 states or 12 percent of electric customers. Kilowatt-hour sales by rural electric cooperatives account for approximately 11 percent of all electric energy sold in the United States. NRECA members generate approximately 50 percent of the electric energy they sell and purchase the remaining 50 percent from non-NRECA members. The vast majority of NRECA members are not-for profit, consumer-owned cooperatives.

Presently, 545 of our members borrow from the Federal Financing Bank (FFB) (part of the Department of the Treasury) in the process utilizing a loan guarantee to the FFB from the Rural Utilities Service (RUS) (part of the Department of Agriculture).

FASB-Comments-Feb2016.pdf