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Financials

Here's how we're doing.

Statement of Financial Condition

June 31, 2018

Assets
Loans (net) $431,566,140
Cash $34,746,488
Investments $34,766,330
Fixed Assets $17,175,795
NCUSIF $4,472,744
Other Assets $18,713,556
Total Assets $541,441,053

 

Liabilities, Equity, and Retained Earnings
Liabilities and Member Shares
Accounts and Dividends Payable $7,361,028
Member Shares $473,439,967
Total Liabilities and Member Shares $480,800,995
Equity
Reserves $2,353,142
Unrealized Gains/(Losses) Investments $(738,123)
Other Comprehensive Income/(Loss) $(4,152,415)
Undivided Earnings $63,177,454
Total Equity $65,530,596
Total Liabilities, Equity, and Retained Earnings $541,441,053

 

Statement of Income

Statement of Income
Interest Income $10,094,633
Interest and Dividend Expense $2,046,762
Net Interest Income $8,047,871
Provision for Loan Losses $690,000
Net Interest Income after Provision for Loan Losses $7,357,871
Non-Interest Income $5,008,327
Non-Interest Expense $8,763,797
Net Income $3,602,402