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Business Segments - Segment Results and Total Assets (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Nov. 30, 2021
USD ($)
Nov. 30, 2020
USD ($)
Nov. 30, 2021
USD ($)
segment
Nov. 30, 2020
USD ($)
Aug. 31, 2021
USD ($)
May 31, 2021
USD ($)
Aug. 31, 2020
USD ($)
May 31, 2020
USD ($)
Segment Information                
Number of operating segments | segment     3          
Statement of operations:                
Interest income $ 283,152 $ 276,499 $ 566,420 $ 556,083        
Interest expense (173,596) (174,422) (348,373) (354,398)        
Derivative cash settlements interest expense 0 0 0 0        
Interest expense (173,596) (174,422) (348,373) (354,398)        
Net interest income 109,556 102,077 218,047 201,685        
Benefit (provision) for credit losses 3,400 (1,638) (603) (1,964)        
Net interest income after benefit (provision) for credit losses 112,956 100,439 217,444 199,721        
Non-interest income:                
Fee and other income 4,831 6,332 8,772 9,848        
Derivative forward value gains (losses)     (72,562) 198,335        
Derivative gains (losses) 46,086 81,287 (126,077) 141,563        
Investment securities losses (4,344) (1,361) (6,569) 3,298        
Total non-interest income 46,573 86,258 (123,874) 154,709        
Non-interest expense:                
General and administrative expenses (23,095) (24,136) (47,305) (46,799)        
Losses on early extinguishment of debt (118) (1,455) (118) (1,455)        
Other non-interest expense (313) (323) (569) (655)        
Total non-interest expense (23,526) (25,914) (47,992) (48,909)        
Income before income taxes 136,003 160,783 45,578 305,521        
Income tax provision (274) (262) (181) (413)        
Net income 135,729 160,521 45,397 305,108        
Assets:                
Total loans outstanding 28,934,814 27,051,163 28,934,814 27,051,163   $ 28,415,107    
Deferred loan origination costs 12,056 11,806 12,056 11,806        
Loans to members 28,946,870 27,062,969 28,946,870 27,062,969        
Less: Allowance for credit losses (86,135) (58,989) (86,135) (58,989) $ (89,535) (85,532) $ (57,351) $ (53,125)
Loans to members, net 28,860,735 27,003,980 28,860,735 27,003,980   28,341,429    
Other assets 1,154,844 1,172,122 1,154,844 1,172,122        
Total assets 30,015,579 28,176,102 30,015,579 28,176,102   $ 29,638,363    
Interest rate swaps                
Statement of operations:                
Interest expense (25,952) (29,800) (53,515) (56,772)        
Derivative cash settlements interest expense (25,952) (29,800) (53,515) (56,772)        
Non-interest income:                
Derivative forward value gains (losses) 72,038 111,087 (72,562) 198,335        
Derivative gains (losses) 46,086 81,287 (126,077) 141,563        
Operating segments                
Statement of operations:                
Interest income 292,104 285,481 583,864 574,085        
Interest expense (182,548) (183,404) (365,817) (372,400)        
Derivative cash settlements interest expense (25,952) (29,800) (53,515) (56,772)        
Interest expense (208,500) (213,204) (419,332) (429,172)        
Net interest income 83,604 72,277 164,532 144,913        
Benefit (provision) for credit losses 6,463 (1,597) 2,254 (857)        
Net interest income after benefit (provision) for credit losses 90,067 70,680 166,786 144,056        
Non-interest income:                
Fee and other income 4,281 8,199 10,488 12,458        
Derivative gains (losses) 0 0 0 0        
Investment securities losses (4,344) (1,361) (6,569) 3,298        
Total non-interest income (63) 6,838 3,919 15,756        
Non-interest expense:                
General and administrative expenses (24,691) (25,728) (50,496) (49,985)        
Losses on early extinguishment of debt (118) (1,455) (118) (1,455)        
Other non-interest expense (1,230) (639) (1,951) (1,186)        
Total non-interest expense (26,039) (27,822) (52,565) (52,626)        
Income before income taxes 63,965 49,696 118,140 107,186        
Income tax provision (274) (262) (181) (413)        
Net income 63,691 49,434 117,959 106,773        
Assets:                
Total loans outstanding 30,064,831 28,163,389 30,064,831 28,163,389        
Deferred loan origination costs 12,056 11,806 12,056 11,806        
Loans to members 30,076,887 28,175,195 30,076,887 28,175,195        
Less: Allowance for credit losses (89,347) (63,569) (89,347) (63,569)        
Loans to members, net 29,987,540 28,111,626 29,987,540 28,111,626        
Other assets 1,244,056 1,269,235 1,244,056 1,269,235        
Total assets 31,231,596 29,380,861 31,231,596 29,380,861        
Operating segments | Interest rate swaps                
Statement of operations:                
Interest expense 0 0 0 0        
Non-interest income:                
Derivative forward value gains (losses) 0 0 0 0        
Reclasses and adjustments                
Statement of operations:                
Interest income 0 0 0 0        
Interest expense 0 0 0 0        
Derivative cash settlements interest expense 25,952 29,800 53,515 56,772        
Interest expense 25,952 29,800 53,515 56,772        
Net interest income 25,952 29,800 53,515 56,772        
Benefit (provision) for credit losses 0 0 0 0        
Net interest income after benefit (provision) for credit losses 25,952 29,800 53,515 56,772        
Non-interest income:                
Fee and other income 0 0 0 0        
Derivative gains (losses) 46,086 81,287 (126,077) 141,563        
Investment securities losses 0 0 0 0        
Total non-interest income 46,086 81,287 (126,077) 141,563        
Non-interest expense:                
General and administrative expenses 0 0 0 0        
Losses on early extinguishment of debt 0 0 0 0        
Other non-interest expense 0 0 0 0        
Total non-interest expense 0 0 0 0        
Income before income taxes 72,038 111,087 (72,562) 198,335        
Income tax provision 0 0 0 0        
Net income 72,038 111,087 (72,562) 198,335        
Assets:                
Total loans outstanding 0 0 0 0        
Deferred loan origination costs 0 0 0 0        
Loans to members 0 0 0 0        
Less: Allowance for credit losses 0 0 0 0        
Loans to members, net 0 0 0 0        
Other assets 0 0 0 0        
Total assets 0 0 0 0        
Reclasses and adjustments | Interest rate swaps                
Statement of operations:                
Interest expense (25,952) (29,800) (53,515) (56,772)        
Non-interest income:                
Derivative forward value gains (losses) 72,038 111,087 (72,562) 198,335        
Intersegment eliminations                
Statement of operations:                
Interest income (8,952) (8,982) (17,444) (18,002)        
Interest expense 8,952 8,982 17,444 18,002        
Derivative cash settlements interest expense 0 0 0 0        
Interest expense 8,952 8,982 17,444 18,002        
Net interest income 0 0 0 0        
Benefit (provision) for credit losses (3,063) (41) (2,857) (1,107)        
Net interest income after benefit (provision) for credit losses (3,063) (41) (2,857) (1,107)        
Non-interest income:                
Fee and other income 550 (1,867) (1,716) (2,610)        
Derivative gains (losses) 0 0 0 0        
Investment securities losses 0 0 0 0        
Total non-interest income 550 (1,867) (1,716) (2,610)        
Non-interest expense:                
General and administrative expenses 1,596 1,592 3,191 3,186        
Losses on early extinguishment of debt 0 0 0 0        
Other non-interest expense 917 316 1,382 531        
Total non-interest expense 2,513 1,908 4,573 3,717        
Income before income taxes 0 0 0 0        
Income tax provision 0 0 0 0        
Net income 0 0 0 0        
Assets:                
Total loans outstanding (1,130,017) (1,112,226) (1,130,017) (1,112,226)        
Deferred loan origination costs 0 0 0 0        
Loans to members (1,130,017) (1,112,226) (1,130,017) (1,112,226)        
Less: Allowance for credit losses 3,212 4,580 3,212 4,580        
Loans to members, net (1,126,805) (1,107,646) (1,126,805) (1,107,646)        
Other assets (89,212) (97,113) (89,212) (97,113)        
Total assets (1,216,017) (1,204,759) (1,216,017) (1,204,759)        
Intersegment eliminations | Interest rate swaps                
Statement of operations:                
Interest expense 0 0 0 0        
Non-interest income:                
Derivative forward value gains (losses) 0 0 0 0        
CFC | Operating segments                
Statement of operations:                
Interest income 281,131 274,473 562,438 552,069        
Interest expense (173,596) (174,422) (348,373) (354,398)        
Derivative cash settlements interest expense (25,533) (29,370) (52,678) (55,933)        
Interest expense (199,129) (203,792) (401,051) (410,331)        
Net interest income 82,002 70,681 161,387 141,738        
Benefit (provision) for credit losses 3,400 (1,638) (603) (1,964)        
Net interest income after benefit (provision) for credit losses 85,402 69,043 160,784 139,774        
Non-interest income:                
Fee and other income 6,093 7,513 11,416 12,288        
Derivative gains (losses) 0 0 0 0        
Investment securities losses (4,344) (1,361) (6,569) 3,298        
Total non-interest income 1,749 6,152 4,847 15,586        
Non-interest expense:                
General and administrative expenses (22,716) (23,750) (46,370) (45,950)        
Losses on early extinguishment of debt (118) (1,455) (118) (1,455)        
Other non-interest expense (313) (323) (569) (655)        
Total non-interest expense (23,147) (25,528) (47,057) (48,060)        
Income before income taxes 64,004 49,667 118,574 107,300        
Income tax provision 0 0 0 0        
Net income 64,004 49,667 118,574 107,300        
Assets:                
Total loans outstanding 28,911,891 27,027,010 28,911,891 27,027,010        
Deferred loan origination costs 12,056 11,806 12,056 11,806        
Loans to members 28,923,947 27,038,816 28,923,947 27,038,816        
Less: Allowance for credit losses (86,135) (58,989) (86,135) (58,989)        
Loans to members, net 28,837,812 26,979,827 28,837,812 26,979,827        
Other assets 1,144,912 1,161,963 1,144,912 1,161,963        
Total assets 29,982,724 28,141,790 29,982,724 28,141,790        
CFC | Operating segments | Interest rate swaps                
Statement of operations:                
Interest expense 0 0 0 0        
Non-interest income:                
Derivative forward value gains (losses) 0 0 0 0        
NCSC and RTFC | Operating segments                
Statement of operations:                
Interest income 10,973 11,008 21,426 22,016        
Interest expense (8,952) (8,982) (17,444) (18,002)        
Derivative cash settlements interest expense (419) (430) (837) (839)        
Interest expense (9,371) (9,412) (18,281) (18,841)        
Net interest income 1,602 1,596 3,145 3,175        
Benefit (provision) for credit losses 3,063 41 2,857 1,107        
Net interest income after benefit (provision) for credit losses 4,665 1,637 6,002 4,282        
Non-interest income:                
Fee and other income (1,812) 686 (928) 170        
Derivative gains (losses) 0 0 0 0        
Investment securities losses 0 0 0 0        
Total non-interest income (1,812) 686 (928) 170        
Non-interest expense:                
General and administrative expenses (1,975) (1,978) (4,126) (4,035)        
Losses on early extinguishment of debt 0 0 0 0        
Other non-interest expense (917) (316) (1,382) (531)        
Total non-interest expense (2,892) (2,294) (5,508) (4,566)        
Income before income taxes (39) 29 (434) (114)        
Income tax provision (274) (262) (181) (413)        
Net income (313) (233) (615) (527)        
Assets:                
Total loans outstanding 1,152,940 1,136,379 1,152,940 1,136,379        
Deferred loan origination costs 0 0 0 0        
Loans to members 1,152,940 1,136,379 1,152,940 1,136,379        
Less: Allowance for credit losses (3,212) (4,580) (3,212) (4,580)        
Loans to members, net 1,149,728 1,131,799 1,149,728 1,131,799        
Other assets 99,144 107,272 99,144 107,272        
Total assets 1,248,872 1,239,071 1,248,872 1,239,071        
NCSC and RTFC | Operating segments | Interest rate swaps                
Statement of operations:                
Interest expense 0 0 0 0        
Non-interest income:                
Derivative forward value gains (losses) $ 0 $ 0 $ 0 $ 0