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Filing year 2024

NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION

Dulles, Virginia·EIN 52-0891669·501(c)(4)
Total revenue
$2.1B
Total assets
$38.3B
Total expenses
$1.8B
Reported officers
47
Mission

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

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 46 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

CEO
Above 90th percentile
$2.8M
$3M
Base
$1.2M
Bonus
$397k
Other
$987k
Benefits
$34k
SVP & Chief Corporate Affairs Officer
Senior Vice President
Above 90th percentile
$1.1M
$1.2M
Base
$390k
Bonus
$151k
Other
$62k
Benefits
$9k
SVP and Chief Banking Officer
Senior Vice President
Above 90th percentile
$978k
$1M
Base
$466k
Bonus
$170k
Other
$37k
Benefits
$40k
SVP & CFO
Above 90th percentile
$863k
$916k
Base
$450k
Bonus
$162k
Other
$38k
Benefits
$20k
SVP & Chief Operating Officer
Above 90th percentile
$759k
$805k
Base
$394k
Bonus
$143k
Other
$34k
Benefits
$41k
SVP & Chief Relationship Management Officer
Senior Vice President
Above 90th percentile
$731k
$776k
Base
$320k
Bonus
$123k
Other
$57k
Benefits
$5k
SVP & Chief Risk Officer
Senior Vice President
Above 90th percentile
$663k
$704k
Base
$399k
Bonus
$142k
Other
$20k
Benefits
$30k
Vp, Economic Research
Board Vice President
Above 90th percentile
$614k
$652k
Base
$221k
Bonus
$92k
Other
$85k
Benefits
$40k
VP and CIO
Chief Information Officer
Above 90th percentile
$598k
$635k
Base
$330k
Bonus
$111k
Other
$34k
Benefits
$44k
SVP & General Counsel
Senior Vice President
75th to 90th percentile
$555k
$589k
Base
$350k
Bonus
$122k
Other
$24k
Benefits
$2k
Svp, Strategic Services
Senior Vice President
75th to 90th percentile
$520k
$552k
Base
$296k
Bonus
$95k
Other
$32k
Benefits
$20k
Vp, Portfolio Management
Board Vice President
Above 90th percentile
$507k
$539k
Base
$288k
Bonus
$92k
Other
$18k
Benefits
$32k
Vp, Credit Risk Management
Board Vice President
Above 90th percentile
$504k
$535k
Base
$278k
Bonus
$100k
Other
$14k
Benefits
$28k
Director, Info. Systems & Deputy CIO
Chief Information Officer
Above 90th percentile
$490k
$520k
Base
$240k
Bonus
$93k
Other
$35k
Benefits
$41k
Vp, Portfolio Management
Board Vice President
Above 90th percentile
$486k
$516k
Base
$251k
Bonus
$77k
Other
$36k
Benefits
$34k
Vp, Chief Accounting Officer
Board Vice President
Above 90th percentile
$430k
$457k
Base
$282k
Bonus
$82k
Other
$6k
Benefits
$38k
VP and Deputy General Counsel
Board Vice President
Above 90th percentile
$417k
$443k
Base
$265k
Bonus
$89k
Other
$6k
Benefits
$19k
Vp, Portfolio Management
Board Vice President
Above 90th percentile
$406k
$431k
Base
$259k
Bonus
$74k
Other
$6k
Benefits
$39k
Vp, Capital Markets
Board Vice President
Above 90th percentile
$383k
$407k
Base
$208k
Bonus
$64k
Other
$25k
Benefits
$39k
Vp, Capital Markets Relations
Board Vice President
Above 90th percentile
$344k
$366k
Base
$199k
Bonus
$63k
Other
$23k
Benefits
$20k
Vp, Portfolio Management
Board Vice President
75th to 90th percentile
$292k
$311k
Base
$169k
Bonus
$60k
Other
$11k
Benefits
$26k
Vp, Portfolio Management
Board Vice President
75th to 90th percentile
$262k
$278k
Base
$185k
Bonus
$60k
Other
$514
Benefits
$1k
President
Board President
75th to 90th percentile
$95k
$101k
Vice President
Board Vice President
25th percentile to median
$95k
$101k
Secretary Treasurer
Board Treasurer
Above 90th percentile
$93k
$99k
Director
Board Member
75th to 90th percentile
$90k
$96k
Director
Board Member
75th to 90th percentile
$90k
$96k
Director
Board Member
75th to 90th percentile
$88k
$93k
Director
Board Member
75th to 90th percentile
$88k
$93k
Director
Board Member
75th to 90th percentile
$87k
$92k
Director
Board Member
75th to 90th percentile
$85k
$90k
Director
Board Member
75th to 90th percentile
$85k
$90k
Director
Board Member
75th to 90th percentile
$85k
$90k
Director
Board Member
75th to 90th percentile
$85k
$90k
Former Director
Board Member
75th to 90th percentile
$85k
$90k
Director
Board Member
75th to 90th percentile
$85k
$90k
Director
Board Member
75th to 90th percentile
$85k
$90k
Director
Board Member
75th to 90th percentile
$85k
$90k
Director
Board Member
75th to 90th percentile
$85k
$90k
Director
Board Member
75th to 90th percentile
$85k
$90k
Director
Board Member
75th to 90th percentile
$85k
$90k
Director
Board Member
75th to 90th percentile
$85k
$90k
Director
Board Member
75th to 90th percentile
$85k
$90k
Director
Board Member
75th to 90th percentile
$75k
$80k
Director
Board Member
75th to 90th percentile
$53k
$56k
Former Director
Board Member
Median to 75th percentile
$37k
$39k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 1 unpaid individual.

Up 8%
from 2023

From $2.6M in 2023 to $2.8M in 2024.

$2.6M
2023
$2.8M
2024
In today's dollarsEst.
Up 5% in real terms$2.9M to $3M

Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 8% from 2023 to 2024, while revenue rose 3%.

$2.6M in 2023 to $2.8M in 2024.
  • Senior Vice President pay rose 4% from 2023 to 2024.
  • Chief Financial Officer pay rose 8% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$2B
$1.7B
2023
$2.1B
$1.8B
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION

What does the Chief Executive Officer of NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION earn?

In 2024, the Chief Executive Officer of NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION received $2,821,260 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION falls in the top 10%.

What are NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION's revenue and expenses?

In 2024, NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION reported $2.1B in total revenue and $1.8B in total expenses on its IRS Form 990.

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