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Business Segments - Segment Results and Total Assets (Details)
$ in Thousands
3 Months Ended
Aug. 31, 2022
USD ($)
segment
Aug. 31, 2021
USD ($)
May 31, 2022
USD ($)
May 31, 2021
USD ($)
Segment Information        
Number of operating segments | segment 3      
Statement of operations:        
Interest income $ 306,978 $ 283,268    
Interest expense (209,468) (174,777)    
Derivative cash settlements interest expense 0 0    
Interest expense (209,468) (174,777)    
Net interest income 97,510 108,491    
Provision for credit losses (3,496) (4,003)    
Net interest income after provision for credit losses 94,014 104,488    
Non-interest income:        
Fee and other income 4,056 3,941    
Derivative forward value gains (losses) 104,372 (144,600)    
Derivative gains (losses) 93,587 (172,163)    
Investment securities losses (3,679) (2,225)    
Total non-interest income 93,964 (170,447)    
Non-interest expense:        
General and administrative expenses (25,519) (24,210)    
Other non-interest expense (322) (256)    
Total non-interest expense (25,841) (24,466)    
Income (loss) before income taxes 162,137 (90,425)    
Income tax benefit (provision) (263) 93    
Net income (loss) 161,874 (90,332)    
Assets:        
Total loans outstanding 30,674,996 28,870,758 $ 30,051,354  
Deferred loan origination costs 12,335 11,875    
Loans to members 30,687,331 28,882,633 30,063,386  
Less: Allowance for credit losses (71,056) (89,535) (67,560) $ (85,532)
Loans to members, net 30,616,275 28,793,098 29,995,826  
Other assets 1,466,019 1,298,649    
Total assets 32,082,294 30,091,747 $ 31,251,382  
Interest rate swaps        
Statement of operations:        
Interest expense (10,785) (27,563)    
Derivative cash settlements interest expense (10,785) (27,563)    
Non-interest income:        
Derivative forward value gains (losses) 104,372 (144,600)    
Derivative gains (losses) 93,587 (172,163)    
Operating segments        
Statement of operations:        
Interest income 316,920 291,760    
Interest expense (219,410) (183,269)    
Derivative cash settlements interest expense (10,785) (27,563)    
Interest expense (230,195) (210,832)    
Net interest income 86,725 80,928    
Provision for credit losses (3,743) (4,209)    
Net interest income after provision for credit losses 82,982 76,719    
Non-interest income:        
Fee and other income 6,712 6,207    
Derivative gains (losses) 0 0    
Investment securities losses (3,679) (2,225)    
Total non-interest income 3,033 3,982    
Non-interest expense:        
General and administrative expenses (27,547) (25,805)    
Other non-interest expense (703) (721)    
Total non-interest expense (28,250) (26,526)    
Income (loss) before income taxes 57,765 54,175    
Income tax benefit (provision) (263) 93    
Net income (loss) 57,502 54,268    
Assets:        
Total loans outstanding 31,853,805 29,987,128    
Deferred loan origination costs 12,335 11,875    
Loans to members 31,866,140 29,999,003    
Less: Allowance for credit losses (74,038) (89,535)    
Loans to members, net 31,792,102 29,909,468    
Other assets 1,553,989 1,387,636    
Total assets 33,346,091 31,297,104    
Operating segments | Interest rate swaps        
Statement of operations:        
Interest expense 0 0    
Non-interest income:        
Derivative forward value gains (losses) 0 0    
Reclasses and adjustments        
Statement of operations:        
Interest income 0 0    
Interest expense 0 0    
Derivative cash settlements interest expense 10,785 27,563    
Interest expense 10,785 27,563    
Net interest income 10,785 27,563    
Provision for credit losses 0 0    
Net interest income after provision for credit losses 10,785 27,563    
Non-interest income:        
Fee and other income 0 0    
Derivative gains (losses) 93,587 (172,163)    
Investment securities losses 0 0    
Total non-interest income 93,587 (172,163)    
Non-interest expense:        
General and administrative expenses 0 0    
Other non-interest expense 0 0    
Total non-interest expense 0 0    
Income (loss) before income taxes 104,372 (144,600)    
Income tax benefit (provision) 0 0    
Net income (loss) 104,372 (144,600)    
Assets:        
Total loans outstanding 0 0    
Deferred loan origination costs 0 0    
Loans to members 0 0    
Less: Allowance for credit losses 0 0    
Loans to members, net 0 0    
Other assets 0 0    
Total assets 0 0    
Reclasses and adjustments | Interest rate swaps        
Statement of operations:        
Interest expense (10,785) (27,563)    
Non-interest income:        
Derivative forward value gains (losses) 104,372 (144,600)    
Intersegment eliminations        
Statement of operations:        
Interest income (9,942) (8,492)    
Interest expense 9,942 8,492    
Derivative cash settlements interest expense 0 0    
Interest expense 9,942 8,492    
Net interest income 0 0    
Provision for credit losses 247 206    
Net interest income after provision for credit losses 247 206    
Non-interest income:        
Fee and other income (2,656) (2,266)    
Derivative gains (losses) 0 0    
Investment securities losses 0 0    
Total non-interest income (2,656) (2,266)    
Non-interest expense:        
General and administrative expenses 2,028 1,595    
Other non-interest expense 381 465    
Total non-interest expense 2,409 2,060    
Income (loss) before income taxes 0 0    
Income tax benefit (provision) 0 0    
Net income (loss) 0 0    
Assets:        
Total loans outstanding (1,178,809) (1,116,370)    
Deferred loan origination costs 0 0    
Loans to members (1,178,809) (1,116,370)    
Less: Allowance for credit losses 2,982 0    
Loans to members, net (1,175,827) (1,116,370)    
Other assets (87,970) (88,987)    
Total assets (1,263,797) (1,205,357)    
Intersegment eliminations | Interest rate swaps        
Statement of operations:        
Interest expense 0 0    
Non-interest income:        
Derivative forward value gains (losses) 0 0    
CFC | Operating segments        
Statement of operations:        
Interest income 304,984 281,307    
Interest expense (209,468) (174,777)    
Derivative cash settlements interest expense (10,528) (27,145)    
Interest expense (219,996) (201,922)    
Net interest income 84,988 79,385    
Provision for credit losses (3,496) (4,003)    
Net interest income after provision for credit losses 81,492 75,382    
Non-interest income:        
Fee and other income 5,793 5,323    
Derivative gains (losses) 0 0    
Investment securities losses (3,679) (2,225)    
Total non-interest income 2,114 3,098    
Non-interest expense:        
General and administrative expenses (25,012) (23,654)    
Other non-interest expense (322) (256)    
Total non-interest expense (25,334) (23,910)    
Income (loss) before income taxes 58,272 54,570    
Income tax benefit (provision) 0 0    
Net income (loss) 58,272 54,570    
Assets:        
Total loans outstanding 30,656,301 28,849,795    
Deferred loan origination costs 12,335 11,875    
Loans to members 30,668,636 28,861,670    
Less: Allowance for credit losses (71,056) (89,535)    
Loans to members, net 30,597,580 28,772,135    
Other assets 1,456,295 1,288,781    
Total assets 32,053,875 30,060,916    
CFC | Operating segments | Interest rate swaps        
Statement of operations:        
Interest expense 0 0    
Non-interest income:        
Derivative forward value gains (losses) 0 0    
NCSC and RTFC | Operating segments        
Statement of operations:        
Interest income 11,936 10,453    
Interest expense (9,942) (8,492)    
Derivative cash settlements interest expense (257) (418)    
Interest expense (10,199) (8,910)    
Net interest income 1,737 1,543    
Provision for credit losses (247) (206)    
Net interest income after provision for credit losses 1,490 1,337    
Non-interest income:        
Fee and other income 919 884    
Derivative gains (losses) 0 0    
Investment securities losses 0 0    
Total non-interest income 919 884    
Non-interest expense:        
General and administrative expenses (2,535) (2,151)    
Other non-interest expense (381) (465)    
Total non-interest expense (2,916) (2,616)    
Income (loss) before income taxes (507) (395)    
Income tax benefit (provision) (263) 93    
Net income (loss) (770) (302)    
Assets:        
Total loans outstanding 1,197,504 1,137,333    
Deferred loan origination costs 0 0    
Loans to members 1,197,504 1,137,333    
Less: Allowance for credit losses (2,982) 0    
Loans to members, net 1,194,522 1,137,333    
Other assets 97,694 98,855    
Total assets 1,292,216 1,236,188    
NCSC and RTFC | Operating segments | Interest rate swaps        
Statement of operations:        
Interest expense 0 0    
Non-interest income:        
Derivative forward value gains (losses) $ 0 $ 0