v3.26.3
Fair Value Measurement - Schedule of Fair Value by Balance Sheet Grouping (Details) - USD ($)
$ in Thousands
Aug. 31, 2026
May 31, 2026
Aug. 31, 2025
Assets:      
Cash and cash equivalents $ 202,542 $ 248,819  
Cash and cash equivalents 202,542 248,819  
Restricted cash 8,650 8,599  
Equity securities, at fair value 12,551 11,021  
Debt securities trading, at fair value 27,667 31,144  
Deferred compensation investments 9,194 9,011  
Loans to members, net 38,303,496 38,392,181 $ 37,527,399
Loans to members, net 35,295,268 35,853,501  
Accrued interest receivable 185,937 264,952  
Accrued interest receivable 185,937 264,952  
Derivative assets 637,736 554,116  
Total financial assets 39,387,773 39,519,843  
Total financial assets 36,379,545 36,981,163  
Liabilities:      
Short-term borrowings 4,789,088 5,159,771  
Short-term borrowings 4,790,295 5,161,495  
Long-term debt 28,461,438 28,345,934  
Long-term debt 27,521,795 27,715,985  
Accrued interest payable 306,740 308,506  
Guarantee liability 15,939 16,847  
Guarantee liability 17,290 18,236  
Derivative liabilities 32,448 31,414  
Deferred compensation liability 9,194 9,011  
Subordinated deferrable debt 1,310,162 1,310,282  
Subordinated deferrable debt 1,254,821 1,317,026  
Members’ subordinated certificates 1,127,347 1,128,240  
Members’ subordinated certificates 1,127,347 1,128,240  
Total financial liabilities 36,052,356 36,310,005  
Total financial liabilities 35,059,930 35,689,913  
Level 1      
Assets:      
Cash and cash equivalents 202,542 248,819  
Restricted cash 8,650 8,599  
Equity securities, at fair value 12,551 11,021  
Debt securities trading, at fair value 0 0  
Deferred compensation investments 9,194 9,011  
Loans to members, net 0 0  
Accrued interest receivable 0 0  
Derivative assets 0 0  
Total financial assets 232,937 277,450  
Liabilities:      
Short-term borrowings 0 0  
Long-term debt 0 0  
Accrued interest payable 0 0  
Guarantee liability 0 0  
Derivative liabilities 0 0  
Deferred compensation liability 9,194 9,011  
Subordinated deferrable debt 210,050 236,320  
Members’ subordinated certificates 0 0  
Total financial liabilities 219,244 245,331  
Level 2      
Assets:      
Cash and cash equivalents 0 0  
Restricted cash 0 0  
Equity securities, at fair value 0 0  
Debt securities trading, at fair value 27,667 31,144  
Deferred compensation investments 0 0  
Loans to members, net 0 0  
Accrued interest receivable 185,937 264,952  
Derivative assets 637,736 554,116  
Total financial assets 851,340 850,212  
Liabilities:      
Short-term borrowings 4,790,295 5,161,495  
Long-term debt 18,997,141 18,993,254  
Accrued interest payable 306,740 308,506  
Guarantee liability 0 0  
Derivative liabilities 32,448 31,414  
Deferred compensation liability 0 0  
Subordinated deferrable debt 1,044,771 1,080,706  
Members’ subordinated certificates 0 0  
Total financial liabilities 25,171,395 25,575,375  
Level 3      
Assets:      
Cash and cash equivalents 0 0  
Restricted cash 0 0  
Equity securities, at fair value 0 0  
Debt securities trading, at fair value 0 0  
Deferred compensation investments 0 0  
Loans to members, net 35,295,268 35,853,501  
Accrued interest receivable 0 0  
Derivative assets 0 0  
Total financial assets 35,295,268 35,853,501  
Liabilities:      
Short-term borrowings 0 0  
Long-term debt 8,524,654 8,722,731  
Accrued interest payable 0 0  
Guarantee liability 17,290 18,236  
Derivative liabilities 0 0  
Deferred compensation liability 0 0  
Subordinated deferrable debt 0 0  
Members’ subordinated certificates 1,127,347 1,128,240  
Total financial liabilities $ 9,669,291 $ 9,869,207