NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION

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 · Schedule J · 46 reported individuals · Filing year 2024

CEO

chief executive officer

$2.8M

$3M

Base: $1.2M
Bonus: $397k
Other: $987k
Benefits: $34k

SVP & Chief Corporate Affairs Officer

senior vice president

$1.1M

$1.2M

Base: $390k
Bonus: $151k
Other: $62k
Benefits: $9k

SVP and Chief Banking Officer

senior vice president

$978k

$1M

Base: $466k
Bonus: $170k
Other: $37k
Benefits: $40k

SVP & CFO

chief financial officer

$863k

$916k

Base: $450k
Bonus: $162k
Other: $38k
Benefits: $20k

SVP & Chief Operating Officer

chief operating officer

$759k

$805k

Base: $394k
Bonus: $143k
Other: $34k
Benefits: $41k

SVP & Chief Relationship Management Officer

senior vice president

$731k

$776k

Base: $320k
Bonus: $123k
Other: $57k
Benefits: $5k

SVP & Chief Risk Officer

senior vice president

$663k

$704k

Base: $399k
Bonus: $142k
Other: $20k
Benefits: $30k

Vp, Economic Research

vice president

$614k

$652k

Base: $221k
Bonus: $92k
Other: $85k
Benefits: $40k

VP and CIO

chief information officer

$598k

$635k

Base: $330k
Bonus: $111k
Other: $34k
Benefits: $44k

SVP & General Counsel

senior vice president

$555k

$589k

Base: $350k
Bonus: $122k
Other: $24k
Benefits: $2k

Svp, Strategic Services

senior vice president

$520k

$552k

Base: $296k
Bonus: $95k
Other: $32k
Benefits: $20k

Vp, Portfolio Management

vice president

$507k

$539k

Base: $288k
Bonus: $92k
Other: $18k
Benefits: $32k

Vp, Credit Risk Management

vice president

$504k

$535k

Base: $278k
Bonus: $100k
Other: $14k
Benefits: $28k

Director, Info. Systems & Deputy CIO

chief information officer

$490k

$520k

Base: $240k
Bonus: $93k
Other: $35k
Benefits: $41k

Vp, Portfolio Management

vice president

$486k

$516k

Base: $251k
Bonus: $77k
Other: $36k
Benefits: $34k

Vp, Chief Accounting Officer

vice president

$430k

$457k

Base: $282k
Bonus: $82k
Other: $6k
Benefits: $38k

VP and Deputy General Counsel

vice president

$417k

$443k

Base: $265k
Bonus: $89k
Other: $6k
Benefits: $19k

Vp, Portfolio Management

vice president

$406k

$431k

Base: $259k
Bonus: $74k
Other: $6k
Benefits: $39k

Vp, Capital Markets

vice president

$383k

$407k

Base: $208k
Bonus: $64k
Other: $25k
Benefits: $39k

Vp, Capital Markets Relations

vice president

$344k

$366k

Base: $199k
Bonus: $63k
Other: $23k
Benefits: $20k

Vp, Portfolio Management

vice president

$292k

$311k

Base: $169k
Bonus: $60k
Other: $11k
Benefits: $26k

Vp, Portfolio Management

vice president

$262k

$278k

Base: $185k
Bonus: $60k
Other: $514
Benefits: $1k

Vice President

vice president

$95k

$101k

President

board president

$95k

$101k

Secretary Treasurer

board treasurer

$93k

$99k

Director

board member

$90k

$96k

Director

board member

$90k

$96k

Director

board member

$88k

$93k

Director

board member

$88k

$93k

Director

board member

$87k

$92k

Former Director

board member

$85k

$90k

Director

board member

$85k

$90k

Director

board member

$85k

$90k

Director

board member

$85k

$90k

Director

board member

$85k

$90k

Director

board member

$85k

$90k

Director

board member

$85k

$90k

Director

board member

$85k

$90k

Director

board member

$85k

$90k

Director

board member

$85k

$90k

Director

board member

$85k

$90k

Director

board member

$85k

$90k

Director

board member

$85k

$90k

Director

board member

$75k

$80k

Director

board member

$53k

$56k

Former Director

board member

$37k

$39k

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

$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.

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.

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Executive compensation, broken down

Up 8%from 2023

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