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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