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Financials

The consolidated statement of financial condition and income - March 31, 2022

Assets

Loans to Members $312,396,027.18
Loan Loss Reserves (1,528,690.09)
Cash & Cash Equivalents 87,944,367.38
Investment & Securities 133,309,051.33
Other Assets 40,491,179.51
Total Assets $572,611,935.31

Liabilities & Members' Equity

Payables, Borrowings, Other Liabilities $14,693,157.36
Members' Shares & Deposits 506,886,519.72
Total Members' Equity & Capital 51,032,258.23
Total Liabilities & Members' Equity $572,611,935.31

Operating Income

Interest on Loans $2,961,524.63
Income on Investments 390,996.45
Other Income 2,630,188.61
Total Operating Income 5,982,709.69

Operating Expenses

Salaries & Benefits $3,062,486.33
Office Occupancy & Operations 533,684.95
Other Operating Expenses 977,962.27
Total Operating Expenses 4,574,133.55

Non-Operating Income/Expenses

Provision for Loan Losses -
Dividends & Interest (454,997.15)
Other Non-Operating Income/Expenses 66,018.08
Total Non-Operating Income/Expenses (388,979.07)

Net Income

Net Income $1,019,597.07