Financial Highlights

Audited 2020 Financial Statement

Balance Sheet*

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

ASSETS
Loans, net of Allowance for Loss	$796,197,121
Investments	$307,202,649
Cash	$3,171,262
Other Assets	$70,209,421
Total Assets	$1,176,780,453
LIABILITIES AND MEMBERS' EQUITY
Line of Credit	$0
Other Liabilities	$5,932,615
Shares	$1,054,453,777
Total Liabilities	$1,060,386,392
Reserves	$3,382,981
Undivided Earnings	$112,075,218
Unrealized G/L Sec	($935,862)
Total Members' Equity	$116,394,061
Total Liabilities and Members' Equity	$1,176,780,453

Income Statement*

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

Loan Income	$26,301,094
Investment Income	$966,065
Total Interest Income	$27,267,160
Total Interest Expense	$8,336,022
Net Interest Income (Expense)	$18,931,138
Provision for Loan Loss	$(5,669,512)
Net Interest Income (Expense) after PLL	$24,600,650
Other Operating Income	$3,496,142
Other Operating Expense	$14,807,742
Total Other Operating Income (Expense)	($11,311,600)
Net Income	$13,289,050

*Unaudited

 

Annual Report