HERE'S HOW WE'RE DOING.
STATEMENT OF FINANCIAL CONDITION
July 31, 2024
| ASSETS | |
|---|---|
| Loans (net) | $842,387,980 |
| Cash | $182,046,349 |
| Investments | $90,699,474 |
| Fixed Assets | $30,457,414 |
| NCUSIF | $9,315,057 |
| Other Assets | $41,301,541 |
| Total Assets | $1,196,207,815 |
| LIABILITIES, EQUITY, AND RETAINED EARNINGS | |
|---|---|
| Liabilities and Member Shares | |
| Accounts and Dividends Payable | $23,080,506 |
| Member Shares | $1,065,381,894 |
| Total Liabilities and Member Shares | $1,088,462,401 |
| Equity | |
| Reserves | $2,353,142 |
| Unrealized Gains/(Losses) Investments | ($12,590,786) |
| Other Comprehensive Income/(Loss) | ($4,472,775) |
| Undivided Earnings | $122,455,834 |
| Total Equity | $107,745,415 |
| Total Liabilities, Equity, and Retained Earnings | $1,196,207,815 |
STATEMENT OF INCOME
| STATEMENT OF INCOME | |
|---|---|
| Interest Income | $26,924,136 |
| Interest and Dividend Expense | $10,180,971 |
| Net Interest Income | $16,743,165 |
| Provision for Loan Losses | $804,085 |
| Net Interest Income after Provision for Loan Losses | $15,939,080 |
| Non-Interest Income | $6,887,467 |
| Non-Interest Expense | $17,458,781 |
| Net Income | $5,367,766 |