Financial Highlights
2023 Consolidated Financial Statement (Audited) 2023 Annual Report
Balance Sheet*
For the period ending July 31, 2024 (cents omitted)
| ASSETS | |
| Loans, net of Allowance for Loss | $1,141,833,169 |
| Investments | $323,806,370 |
| Cash | $2,175,595 |
| Other Assets | $74,411,570 |
| Total Assets | $1,542,226,705 |
| LIABILITIES AND MEMBERS' EQUITY | |
| Line of Credit | $0 |
| Other Liabilities | $8,453,460 |
| Shares | $1,419,657,476 |
| Total Liabilities | $1,428,110,936 |
| Reserves | $0 |
| Undivided Earnings | $121,706,288 |
| Unrealized G/L Sec | ($7,590,519) |
| Total Members' Equity | $114,115,768 |
| Total Liabilities and Members' Equity | $1,542,226,705 |
Income Statement*
For the period ending July 31, 2024 (cents omitted)
| Loan Income | $42,302,894 |
| Investment Income | $9,982,150 |
| Total Interest Income | $52,285,044 |
| Total Interest Expense | $25,194,015 |
| Net Interest Income (Expense) | $27,091,029 |
| Provision for Loan Loss | $7,556,995 |
| Net Interest Income (Expense) after PLL | $19,534,034 |
| Other Operating Income | $2,613,922 |
| Other Operating Expense | $21,159,728 |
| Total Other Operating Income (Expense) | ($18,545,806) |
| Net Income | $988,229 |
*Unaudited