INVESTMENTS IN OTHER ASSOCIATIONS

9 Months Ended

Sep. 30, 2019

INVESTMENTS IN OTHER ASSOCIATIONS

INVESTMENTS IN OTHER ASSOCIATIONS

NOTE 3 – INVESTMENTS IN OTHER ASSOCIATIONS

Investments in other associations include investments in the patronage capital of other cooperatives and other required investments in the organizations. Our investment in a cooperative increases when a cooperative allocates patronage capital credits to us and it decreases when we receive a cash retirement of the allocated capital credits from the cooperative. A cooperative allocates its patronage capital credits to us based upon our patronage (amount of business done) with the cooperative.

Investments in other associations are as follows (dollars in thousands):

	September 30,		December 31,
	2019		2018
Basin Electric Power Cooperative	$	118,115	$	118,115
National Rural Utilities Cooperative Finance Corporation - patronage capital		11,761		11,704
National Rural Utilities Cooperative Finance Corporation - capital term certificates		15,953		16,018
CoBank, ACB		10,201		9,062
Western Fuels Association, Inc.		2,408		2,392
Other		4,300		4,196
Investments in other associations	$	162,738	$	161,487

Our investments in other associations are considered equity securities without readily determinable fair values, and as such are measured at cost minus impairment. We have evaluated these investments for indicators of impairment. There were no impairments of these investments recognized during the nine months ended September 30, 2019 or during 2018.