Financials
The consolidated statement of financial condition and income September 30, 2021
Assets
| Loans to Members | $291,596,640.11 |
| Loan Loss Reserves | (1,577,012.02) |
| Cash & Cash Equivalents | 67,556,911.36 |
| Investment & Securities | 107,631,397.17 |
| Other Assets | 39,321,482.23 |
| Total Assets | $504,529,418.85 |
Liabilities & Members' Equity
| Payables, Borrowings, Other Liabilities | $14,280,410.75 |
| Members' Shares & Deposits | 439,635,963.01 |
| Total Members' Equity & Capital | 50,613,045.09 |
| Total Liabilities & Members' Equity | $504,529,418.85 |
Operating Income
| Interest on Loans | $8,770,825.77 |
| Income on Investments | 1,231,586.25 |
| Other Income | 10,718,022.16 |
| Total Operating Income | 20,720,434.18 |
Operating Expenses
| Salaries & Benefits | $8,814,075.88 |
| Office Occupancy & Operations | 1,749,371.77 |
| Other Operating Expenses | 2,587,072.64 |
| Total Operating Expenses | 13,150,520.29 |
Non-Operating Income/Expenses
| Provision for Loan Losses | 70,000.00 |
| Dividends & Interest | (1,704,799.38) |
| Other Non-Operating Income/Expenses | 133,488.57 |
| Total Non-Operating Income/Expenses | (1,501,310.81) |
Net Income
| Net Income | $6,068,603.08 |