Financial Highlights

Audited 2020 Financial Statement

Balance Sheet*

For the period ending May 31, 2021 (cents omitted)

ASSETS
Loans, net of Allowance for Loss	$742,872,776
Investments	$357,790,678
Cash	$2,816,957
Other Assets	$61,129,605
Total Assets	$1,164,610,016
LIABILITIES AND MEMBERS' EQUITY
Line of Credit	$0
Other Liabilities	$7,256,067
Shares	$1,049,118,559
Total Liabilities	$1,056,644,626
Reserves	$3,382,981
Undivided Earnings	$103,609,106
Unrealized G/L Sec	($973,302)
Total Members' Equity	$107,965,390
Total Liabilities and Members' Equity	$1,164,610,016

Income Statement*

For the period ending May 31, 2021 (cents omitted)

Loan Income	$3,285,283
Investment Income	$131,416
Total Interest Income	$3,416,698
Total Interest Expense	$1,051,658
Net Interest Income (Expense)	$2,365,040
Provision for Loan Loss	$(467,052)
Net Interest Income (Expense) after PLL	$2,832,092
Other Operating Income	$456,050
Other Operating Expense	$2,004,252
Total Other Operating Income (Expense)	($1,548,202)
Net Income	$1,283,890

*Unaudited

 

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