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Statement of Financial Condition as of December 31, 2019
Assets
| Cash | $17,514,235 |
| Investments | $86,227,138 |
| Loans to Members | $76,675,185 |
| Loan Loss Allowance | ($343,087) |
| Land/Buildings – Net | $1,687,508 |
| Other Fixed Assets | $211,943 |
| Other Assets | $1,846,465 |
| TOTAL ASSETS | $183,819,387 |
Liabilities and Equity
| LIABILITIES | |
| Accounts Payable | $978,778 |
| TOTAL LIABILITIES | $978,778 |
| EQUITY | |
| Share Draft Accounts | $16,989,485 |
| Regular Shares | $55,579,879 |
| All Other Shares and Deposits | $79,068,024 |
| TOTAL SHARES | $151,637,388 |
| Regular Reserves | $2,884,692 |
| Accum. Unreal. Pro./Loss | ($921) |
| Undivided Earnings | $28,317,608 |
| TOTAL CAPITAL | $31,203,221 |
| TOTAL EQUITY | $182,840,609 |
| TOTAL LIABILITIES & EQUITY | $183,819,387 |
Statement of Income and Expenses as of December 31, 2019
Interest Income
| Loan Income | $4,188,581 |
| Less Interest Income | ($369,524) |
| Investment Income | $2,410,070 |
| TOTAL INVESTMENT INCOME | $6,229,127 |
Interest Expenses
| Dividends | $1,836,861 |
| NET INTEREST | $4,392,266 |
| Provision — Loan Loss | $75,000 |
| NET AFTER LOSS PROVISION | $4,317,266 |
Operating Expenses
| Employee Compensation/Benefits | $1,979,587 |
| Travel/Conference | $148,143 |
| Association Dues | $26,876 |
| Office Occupation | $202,947 |
| Office Operations | $365,337 |
| Education and Promotion | $153,875 |
| Loan Services Expenses | $168,854 |
| Professional/Outside Service | $901,855 |
| Member Insurance and NCUA Fees | $116,998 |
| Annual Meeting Expenses | $11,582 |
| TOTAL OPERATING EXPENSES | $4,081,012 |
| OTHER OPERATING INCOME | |
| Operating Fees and Charges | $1,822,508 |
| Gain/Loss–Disp. Assets | (-) |
| NET INCOME | $2,058,762 |
