Statement of Financial Condition & Income
As of December 31, 2021 (unaudited)
2021
2020
Cash and Cash Equivalents
2021
$75,117,555
2020
$85,967,195
Investments
2021
350,790,763
2020
316,585,013
Loans to Members, Net
2021
476,480,730
2020
426,094,742
Property and Equipment
2021
5,861,666
2020
6,538,573
National Credit Union Share Insurance Fund (NCUSIF) Deposit
2021
7,424,588
2020
6,534,090
Other Assets
2021
35,163,024
2020
31,500,427
Total Assets
2021
$950,838,326
2020
$873,220,040
Liabilities & Members’ Equity
2021
2020
Members’ Share Accounts
2021
$852,254,666
2020
$760,637,538
Borrowed Funds
2021
30,000,000
2020
40,000,000
Accrued Expenses and Other Liabilities
2021
5,484,763
2020
5,309,445
Total Liabilities
2021
$887,739,429
2020
$805,946,983
2021
2020
Regular Reserve
2021
$9,923,909
2020
$9,923,909
Undivided Earnings
2021
57,971,893
2020
57,457,286
Accumulated Other Comprehensive Loss
2021
(4,796,905)
2020
(108,137)
Total Equity
2021
63,098,897
2020
67,273,058
Total Liabilities & Members’ Equity
2021
$950,838,326
2020
$873,220,040
Statement of Income
2021
2020
Loans to Members
2021
$19,203,609
2020
$19,202,041
Interest from Investments
2021
2,739,514
2020
4,418,978
Non-Interest Income
2021
7,086,768
2020
6,957,195
Total Income
2021
$29,029,891
2020
$30,578,214
2021
2020
Interest Expenses
2021
$2,793,284
2020
$3,484,151
Provision for Loan Losses
2021
170,000
2020
1,706,000
Compensation and Benefits
2021
12,836,044
2020
13,415,429
Office Occupancy
2021
1,651,607
2020
1,840,525
Office Operations
2021
5,749,457
2020
6,015,177
Other
2021
5,314,892
2020
3,838,050
Total Operating Expenses
2021
$28,515,284
2020
$30,299,332
Net Income
2021
$514,607
2020
$278,882
