CHUGACH ELECTRIC ASSOCIATION INC | 2013 | FY | 3


(7)    Investments in Associated Organizations

 

Investments in associated organizations include the following at December 31:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

2012

NRUCFC

$

6,095,980 

 

$

6,095,980 

CoBank

 

4,044,338 

 

 

4,392,948 

NRUCFC Capital Term Certificates and other

 

63,875 

 

 

63,755 

Total investments in associated organizations

$

10,204,193 

 

$

10,552,683 

 

The Farm Credit Administration, CoBank's federal regulators, requires minimum capital adequacy standards for all Farm Credit System institutions.  Loan agreements and financing arrangements with CoBank and NRUCFC require, as a condition of the extension of credit, that an equity ownership position be established by all borrowers. 

 


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