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Business Segments - Segment Results and Total Assets (Details)
$ in Thousands
3 Months Ended
Aug. 31, 2023
USD ($)
segment
Aug. 31, 2022
USD ($)
May 31, 2023
USD ($)
May 31, 2022
USD ($)
Segment Information        
Number of operating segments | segment 3      
Statement of operations:        
Interest income $ 380,956 $ 306,978    
Interest expense (316,281) (209,468)    
Derivative cash settlements interest income (expense) 0 0    
Interest expense (316,281) (209,468)    
Net interest income 64,675 97,510    
Provision for credit losses (800) (3,496)    
Net interest income after provision for credit losses 63,875 94,014    
Non-interest income:        
Fee and other income 4,537 4,056    
Derivative gains:        
Derivative forward value gains 162,018 104,372    
Derivative gains 189,887 93,587    
Investment securities gains 2,933 (3,679)    
Total non-interest income 197,357 93,964    
Non-interest expense:        
General and administrative expenses (31,503) (25,519)    
Losses on early extinguishment of debt (939) 0    
Other non-interest expense (178) (322)    
Total non-interest expense (32,620) (25,841)    
Income before income taxes 228,612 162,137    
Income tax provision (328) (263)    
Net income (loss) 228,284 161,874    
Assets:        
Total loans outstanding 33,083,493 30,674,996 $ 32,519,349  
Deferred loan origination costs 13,153 12,335    
Loans to members 33,096,646 30,687,331 32,532,086  
Less: Allowance for credit losses (54,926) (71,056) (53,094) $ (67,560)
Loans to members, net 33,041,720 30,616,275 32,478,992  
Other assets 1,652,443 1,466,019    
Total assets 34,694,163 32,082,294 $ 34,012,060  
Interest rate swaps        
Statement of operations:        
Derivative cash settlements interest income (expense) 27,869 (10,785)    
Derivative gains:        
Derivative cash settlements interest income 27,869 (10,785)    
Derivative forward value gains 162,018 104,372    
Derivative gains 189,887 93,587    
Operating segments        
Statement of operations:        
Interest income 397,662 316,920    
Interest expense (332,987) (219,410)    
Derivative cash settlements interest income (expense) 27,869 (10,785)    
Interest expense (305,118) (230,195)    
Net interest income 92,544 86,725    
Provision for credit losses (1,702) (3,743)    
Net interest income after provision for credit losses 90,842 82,982    
Non-interest income:        
Fee and other income 7,993 6,712    
Derivative gains:        
Derivative gains 0 0    
Investment securities gains 2,933 (3,679)    
Total non-interest income 10,926 3,033    
Non-interest expense:        
General and administrative expenses (33,699) (27,547)    
Losses on early extinguishment of debt (939)      
Other non-interest expense (536) (703)    
Total non-interest expense (35,174) (28,250)    
Income before income taxes 66,594 57,765    
Income tax provision (328) (263)    
Net income (loss) 66,266 57,502    
Assets:        
Total loans outstanding 34,525,708 31,853,805    
Deferred loan origination costs 13,153 12,335    
Loans to members 34,538,861 31,866,140    
Less: Allowance for credit losses (59,498) (74,038)    
Loans to members, net 34,479,363 31,792,102    
Other assets 1,720,747 1,553,989    
Total assets 36,200,110 33,346,091    
Operating segments | Interest rate swaps        
Derivative gains:        
Derivative cash settlements interest income 0 0    
Derivative forward value gains 0 0    
Reclasses and adjustments        
Statement of operations:        
Interest income 0 0    
Interest expense 0 0    
Derivative cash settlements interest income (expense) (27,869) 10,785    
Interest expense (27,869) 10,785    
Net interest income (27,869) 10,785    
Provision for credit losses 0 0    
Net interest income after provision for credit losses (27,869) 10,785    
Non-interest income:        
Fee and other income 0 0    
Derivative gains:        
Derivative gains 189,887 93,587    
Investment securities gains 0 0    
Total non-interest income 189,887 93,587    
Non-interest expense:        
General and administrative expenses 0 0    
Losses on early extinguishment of debt 0      
Other non-interest expense 0 0    
Total non-interest expense 0 0    
Income before income taxes 162,018 104,372    
Income tax provision 0 0    
Net income (loss) 162,018 104,372    
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        
Derivative gains:        
Derivative cash settlements interest income 27,869 (10,785)    
Derivative forward value gains 162,018 104,372    
Intersegment eliminations        
Statement of operations:        
Interest income (16,706) (9,942)    
Interest expense 16,706 9,942    
Derivative cash settlements interest income (expense) 0 0    
Interest expense 16,706 9,942    
Net interest income 0 0    
Provision for credit losses 902 247    
Net interest income after provision for credit losses 902 247    
Non-interest income:        
Fee and other income (3,456) (2,656)    
Derivative gains:        
Derivative gains 0 0    
Investment securities gains 0 0    
Total non-interest income (3,456) (2,656)    
Non-interest expense:        
General and administrative expenses 2,196 2,028    
Losses on early extinguishment of debt 0      
Other non-interest expense 358 381    
Total non-interest expense 2,554 2,409    
Income before income taxes 0 0    
Income tax provision 0 0    
Net income (loss) 0 0    
Assets:        
Total loans outstanding (1,442,215) (1,178,809)    
Deferred loan origination costs 0 0    
Loans to members (1,442,215) (1,178,809)    
Less: Allowance for credit losses 4,572 2,982    
Loans to members, net (1,437,643) (1,175,827)    
Other assets (68,304) (87,970)    
Total assets (1,505,947) (1,263,797)    
Intersegment eliminations | Interest rate swaps        
Derivative gains:        
Derivative cash settlements interest income 0 0    
Derivative forward value gains 0 0    
CFC | Operating segments        
Statement of operations:        
Interest income 378,630 304,984    
Interest expense (316,273) (209,468)    
Derivative cash settlements interest income (expense) 27,837 (10,528)    
Interest expense (288,436) (219,996)    
Net interest income 90,194 84,988    
Provision for credit losses (800) (3,496)    
Net interest income after provision for credit losses 89,394 81,492    
Non-interest income:        
Fee and other income 6,327 5,793    
Derivative gains:        
Derivative gains 0 0    
Investment securities gains 2,933 (3,679)    
Total non-interest income 9,260 2,114    
Non-interest expense:        
General and administrative expenses (30,936) (25,012)    
Losses on early extinguishment of debt (939)      
Other non-interest expense (177) (322)    
Total non-interest expense (32,052) (25,334)    
Income before income taxes 66,602 58,272    
Income tax provision 0 0    
Net income (loss) 66,602 58,272    
Assets:        
Total loans outstanding 33,063,285 30,656,301    
Deferred loan origination costs 13,153 12,335    
Loans to members 33,076,438 30,668,636    
Less: Allowance for credit losses (54,926) (71,056)    
Loans to members, net 33,021,512 30,597,580    
Other assets 1,644,426 1,456,295    
Total assets 34,665,938 32,053,875    
CFC | Operating segments | Interest rate swaps        
Derivative gains:        
Derivative cash settlements interest income 0 0    
Derivative forward value gains 0 0    
NCSC and RTFC | Operating segments        
Statement of operations:        
Interest income 19,032 11,936    
Interest expense (16,714) (9,942)    
Derivative cash settlements interest income (expense) 32 (257)    
Interest expense (16,682) (10,199)    
Net interest income 2,350 1,737    
Provision for credit losses (902) (247)    
Net interest income after provision for credit losses 1,448 1,490    
Non-interest income:        
Fee and other income 1,666 919    
Derivative gains:        
Derivative gains 0 0    
Investment securities gains 0 0    
Total non-interest income 1,666 919    
Non-interest expense:        
General and administrative expenses (2,763) (2,535)    
Losses on early extinguishment of debt 0      
Other non-interest expense (359) (381)    
Total non-interest expense (3,122) (2,916)    
Income before income taxes (8) (507)    
Income tax provision (328) (263)    
Net income (loss) (336) (770)    
Assets:        
Total loans outstanding 1,462,423 1,197,504    
Deferred loan origination costs 0 0    
Loans to members 1,462,423 1,197,504    
Less: Allowance for credit losses (4,572) (2,982)    
Loans to members, net 1,457,851 1,194,522    
Other assets 76,321 97,694    
Total assets 1,534,172 1,292,216    
NCSC and RTFC | Operating segments | Interest rate swaps        
Derivative gains:        
Derivative cash settlements interest income 0 0    
Derivative forward value gains $ 0 $ 0