INVESTMENTS IN OTHER ASSOCIATIONS

6 Months Ended

Jun. 30, 2024

Investments in and Advances to Affiliates, Schedule of Investments [Abstract]

INVESTMENTS IN OTHER ASSOCIATIONS

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):

	June 30, 2024		December 31, 2023
Basin Electric Power Cooperative	$	135,652	$	135,652
National Rural Utilities Cooperative Finance Corporation - patronage capital	12,451		12,451
National Rural Utilities Cooperative Finance Corporation - capital term certificates	15,054		15,054
CoBank, ACB	16,946		18,809
Other	5,570		5,718
Investments in other associations	$	185,673	$	187,684

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 six months ended June 30, 2024 or during 2023.