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Financials

Here's how we're doing.

Statement of Financial Condition

December 31, 2018

Assets
Loans (net) $487,752,371
Cash $9,707,141
Investments $32,189,141
Fixed Assets $17,016,998
NCUSIF $4,675,645
Other Assets $18,257,634
Total Assets $569,598,930

 

Liabilities, Equity, and Retained Earnings
Liabilities and Member Shares
Accounts and Dividends Payable $21,562,931
Member Shares $485,938,778
Total Liabilities and Member Shares $507,501,709
Equity
Reserves $2,353,142
Unrealized Gains/(Losses) Investments $(544,743)
Other Comprehensive Income/(Loss) $(5,968,096)
Undivided Earnings $66,256,918
Total Equity $68,610,060
Total Liabilities, Equity, and Retained Earnings $569,598,930

 

Statement of Income

Statement of Income
Interest Income $21,334,840
Interest and Dividend Expense $4,533,308
Net Interest Income $16,801,532
Provision for Loan Losses $1,640,000
Net Interest Income after Provision for Loan Losses $15,161,532
Non-Interest Income $9,924,956
Non-Interest Expense $18,404,622
Net Income $6,681,866