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Allowance for Credit Losses - (Tables)
 12 Months Ended
May 31, 2023
Loans and Leases Receivable Disclosure [Abstract]  
Schedule of changes in allowance for credit losses
Table 5.1: Changes in Allowance for Credit Losses
 Year Ended May 31, 2023
(Dollars in thousands)CFC DistributionCFC Power SupplyCFC Statewide & AssociateCFC TotalNCSCRTFC Total
Balance as of May 31, 2022$15,781 $47,793 $1,251 $64,825 $1,449 $1,286 $67,560 
Provision (benefit) for credit losses(857)582 (57)(332)1,015 (80)603 
Charge-offs— (15,069)— (15,069)— — (15,069)
Balance as of May 31, 2023$14,924 $33,306 $1,194 $49,424 $2,464 $1,206 $53,094 
 Year Ended May 31, 2022
(Dollars in thousands)CFC DistributionCFC Power SupplyCFC Statewide & AssociateCFC TotalNCSC RTFC Total
Balance as of May 31, 2021$13,426 $64,646 $1,391 $79,463 $1,374 $4,695 $85,532 
Provision (benefit) for credit losses2,355 (16,853)(140)(14,638)75 (3,409)(17,972)
Balance as of May 31, 2022$15,781 $47,793 $1,251 $64,825 $1,449 $1,286 $67,560 
 Year Ended May 31, 2021
(Dollars in thousands)CFC DistributionCFC Power SupplyCFC Statewide & AssociateCFC TotalNCSCRTFCTotal
Balance as of May 31, 2020$8,002 $38,027 $1,409 $47,438 $806 $4,881 $53,125 
Cumulative-effect adjustment from adoption of CECL accounting standard3,586 2,034 25 5,645 (15)(1,730)3,900 
Balance as of June 1, 202011,588 40,061 1,434 53,083 791 3,151 57,025 
Provision (benefit) for credit losses1,838 24,585 (43)26,380 583 1,544 28,507 
Balance as of May 31, 2021$13,426 $64,646 $1,391 $79,463 $1,374 $4,695 $85,532 
Schedule of allowance for credit losses components The following tables present, by legal entity and member class, the components of our allowance for credit losses as of May 31, 2023 and 2022.
Table 5.2: Allowance for Credit Losses Components
 May 31, 2023
(Dollars in thousands)CFC DistributionCFC Power SupplyCFC Statewide & AssociateCFC TotalNCSCRTFCTotal
Allowance components:
Collective allowance$14,924$7,837$1,194$23,955$2,464$916$27,335
Asset-specific allowance—25,469—25,469—29025,759
Total allowance for credit losses$14,924$33,306$1,194$49,424$2,464$1,206$53,094
Loans outstanding:(1)
Collectively evaluated loans$25,432,439$5,325,033$200,368$30,957,840$956,874$484,196$32,398,910
Individually evaluated loans4,638112,209—116,847—3,592120,439
Total loans outstanding$25,437,077$5,437,242$200,368$31,074,687$956,874$487,788$32,519,349
Allowance ratios:
Collective allowance coverage ratio(2)
0.06 %0.15 %0.60 %0.08 %0.26 %0.19 %0.08 %
Asset-specific allowance coverage ratio(3)
— 22.70 — 21.80 — 8.07 21.39 
Total allowance coverage ratio(4)
0.06 0.61 0.60 0.16 0.26 0.25 0.16 

 May 31, 2022
(Dollars in thousands)CFC DistributionCFC Power SupplyCFC Statewide & AssociateCFC TotalNCSCRTFCTotal
Allowance components:
Collective allowance$15,781$9,355$1,251$26,387$1,449$1,040$28,876
Asset-specific allowance—38,438—38,438—24638,684
Total allowance for credit losses$15,781$47,793$1,251$64,825$1,449$1,286$67,560
Loans outstanding:(1)
   
Collectively evaluated loans$23,839,150$4,673,980$126,863$28,639,993$710,878$463,509$29,814,380
Individually evaluated loans5,092227,790—232,882—4,092236,974
Total loans outstanding$23,844,242$4,901,770$126,863$28,872,875$710,878$467,601$30,051,354
Allowance coverage ratios:
Collective allowance coverage ratio(2)
0.07 %0.20 %0.99 %0.09 %0.20 %0.22 %0.10 %
Asset-specific allowance coverage ratio(3)
— 16.87 — 16.51 — 6.01 16.32 
Total allowance coverage ratio(4)
0.07 0.98 0.99 0.22 0.20 0.28 0.22 
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(1)Represents the unpaid principal amount of loans as of the end of each period. Excludes unamortized deferred loan origination costs of $13 million and $12 million as of May 31, 2023 and 2022, respectively.
(2)Calculated based on the collective allowance component at period-end divided by collectively evaluated loans outstanding at period-end.
(3)Calculated based on the asset-specific allowance component at period-end divided by individually evaluated loans outstanding at period-end.
(4)Calculated based on the total allowance for credit losses at period-end divided by total loans outstanding at period-end.