Our Financials
Asset | Amount |
---|---|
Cash | 2,233,548 |
Personal Loans (Net) | 33,254,540 |
Real Estate Loans | 30,035,137 |
Allowance for Loan Loss | -169,007 |
Accrued Income | 101,638 |
Investments | 45,084,045 |
Pre-Paid Expenses | 166,260 |
Fixed Assets | 1,324,530 |
Other Assets | -484,027 |
Total Assets | $111,546,664 |
Liablilities | Amount |
---|---|
Regular Savings (Shares) | 57,281,821 |
Christmas Savings | 43,903 |
Individual Retirement Accounts | 5,108,696 |
1st Insured Money Market | 3,017,387 |
Certificates of Deposit | 7,270,733 |
Share Draft | 29,006,550 |
Accrued Dividends | 6,390 |
Regular Reserve | 1,801,531 |
Other Reserves | 7,138,066 |
Other Liabilities/Notes Payable | 871,587 |
Deferred Credits | 0 |
Total Liablilities | $111,546,664 |
Income Type | Amount |
---|---|
Interest on Loans | 2,201,926 |
Interest on Investments | 673,183 |
Other Income | 1,211,838 |
Total Income | $4,086,947 |
Expense Type | Amount |
---|---|
Salaries and Related Expenses | 1,347,229 |
Member Insurance | 10,080 |
Promotion and Education | 93,522 |
Office Operations | 1,101,356 |
Office Occupancy | 202,867 |
Professional Services | 78,734 |
Other Expenses | 171,634 |
Cost of Funds | 122,978 |
(Dividends to Members) | |
Total Expenses | $3,128,400 |
Distribution of Net Income | Amount |
---|---|
To Undivided Earnings | 958,547 |
Total Net Income | $958,547 |
Growth Highlights | Savings | Loans | Assets |
---|---|---|---|
2022 | 101,729,090 | 63,289,677 | 111,546,664 | 2021 | 100,266,494 | 58,433,420 | 108,909,020 |
2020 | 84,460,590 | 57,088,391 | 92,591,023 |