Our Financials
| Asset | Amount |
|---|---|
| Cash | 2,804,348 |
| Personal Loans (Net) | 40,315,975 |
| Real Estate Loans | 25,825,488 |
| Allowance for Loan Loss | -164,952 |
| Accrued Income | 128,294 |
| Investments | 37,892,342 |
| Pre-Paid Expenses | 100,065 |
| Fixed Assets | 1,263,343 |
| Other Assets | -738,566 |
| Total Assets | $110,426,377 |
| Liabilities | Amount |
|---|---|
| Regular Savings (Shares) | 52,483,840 |
| Christmas Savings | 30,757 |
| Individual Retirement Accounts | 4,720,952 |
| 1st Insured Money Market | 3,528,633 |
| Certificates of Deposit | 6,420,388 |
| Share Draft | 30,817,733 |
| Accrued Dividends | 4,041 |
| Regular Reserve | 1,801,531 |
| Other Reserves | 9,166,486 |
| Other Liabilities/Notes Payable | 1,451,976 |
| Deferred Credits | 0 |
| Total Liabilities | $110,426,337 |
| Income Type | Amount |
|---|---|
| Interest on Loans | 2,698,353 |
| Interest on Investments | 1,662,624 |
| Other Income | 1,165,807 |
| Total Income | $5,526,784 |
| Expense Type | Amount |
|---|---|
| Salaries and Related Expenses | 1,488,016 |
| Member Insurance | 13,493 |
| Promotion and Education | 106,880 |
| Office Operations | 1,184,317 |
| Office Occupancy | 208,417 |
| Professional Services | 236,989 |
| Other Expenses | 63,438 |
| Cost of Funds | 196,814 |
| (Dividends to Members) | |
| Total Expenses | $3,498,364 |
| Distribution of Net Income | Amount |
|---|---|
| To Undivided Earnings | 2,028,420 |
| Total Net Income | $2,028,420 |
| Growth Highlights | Savings | Loans | Assets |
|---|---|---|---|
| 2023 | 98,002,303 | 69,141,463 | 110,426,337 | 2022 | 101,729,090 | 63,289,677 | 111,546,664 |
| 2021 | 100,266,494 | 58,433,420 | 108,909,020 |