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Statement of Condition as of December 31, 2018
Assets
| Cash | $21,604,472 |
| Investments | $73,603,991 |
| Loans to Members | $74,322,688 |
| Loan Loss Allowance | ($382,516) |
| Land/Buildings – Net | $1,761,235 |
| Other Fixed Assets | $155,041 |
| Other Assets | $1,620,594 |
| TOTAL ASSETS | $172,685,505 |
Liabilities and Equity
| LIABILITIES | |
| Accounts Payable | $728,638 |
| TOTAL LIABILITIES | $728,638 |
| EQUITY | |
| Share Draft Accounts | $17,381,217 |
| Regular Shares | $54,104,574 |
| All Other Shares and Deposits | $71,333,426 |
| TOTAL SHARES | $142,819,217 |
| Regular Reserves | $2,884,692 |
| Accum. Unreal. Pro./Loss | ($5,888) |
| Undivided Earnings | $26,258,846 |
| TOTAL CAPITAL | $29,137,650 |
| TOTAL EQUITY | $171,956,867 |
| TOTAL LIABILITIES & EQUITY | $172,685,505 |
Statement of Income as of December 31, 2018
Interest Income
| Loan Income | $3,835,358 |
| Less Interest Income | ($299,583) |
| Investment Income | $1,633,716 |
| TOTAL INVESTMENT INCOME | $5,169,491 |
Interest Expenses
| Dividends | $1,248,822 |
| NET INTEREST | $3,920,669 |
| Provision — Loan Loss | $269,200 |
| NET AFTER LOSS PROVISION | $3,651,469 |
Operating Expenses
| Employee Compensation/Benefits | $1,543,416 |
| Travel/Conference | $62,920 |
| Association Dues | $25,554 |
| Office Occupation | $197,719 |
| Office Operations | $317,332 |
| Education and Promotion | $136,935 |
| Loan Services Expenses | $155,657 |
| Professional/Outside Service | $845,129 |
| Member Insurance and NCUA Fees | $111,817 |
| Annual Meeting Expenses | $4,409 |
| TOTAL OPERATING EXPENSES | $3,400,888 |
| OTHER OPERATING INCOME | |
| Operating Fees and Charges | $1,818,721 |
| Gain/Loss–Disp. Assets | ($965) |
| NET INCOME | $2,068,337 |
