Financial Statements
STATEMENT OF FINANCIAL CONDITION
As of December 31, 2025
| ASSETS | |
|
Cash |
$3,780,373.00 |
|
Investments |
$15,229,000.00 |
|
Loans to Members |
$31,051,070.00 |
|
Less: Allowance for Loan Loss |
($135,107.00) |
|
Land & Building |
$1,073,670.00 |
|
Furniture and Equipment |
$205,898.00 |
|
NCUSIF |
$429,894.00 |
|
Other Assets |
$1,950,585.00 |
| Total Assets | $53,585,382.00 |
| LIABILITIES, SHARES & EQUITY | |
|
Liabilities |
$390,596.00 |
|
Member Shares |
$20,953,696.00 |
|
Member Share Drafts |
$9,672,718.00 |
|
Other Member Deposits |
$17,075,905.00 |
|
Undivided Earnings |
$2,859,117.00 |
|
Regular Reserves |
$2,633,350.00 |
| Total Liabilities, Shares & Equity | $53,585,382.00 |
INCOME STATEMENT
January 1, 2025 to December 31, 2025
| INCOME | |
|
Interest on Loans |
$1,263,219.00 |
|
Income from Investments |
$755,587.00 |
|
Fee Income |
$197,748.00 |
|
Other Operating Income |
$2,977.00 |
|
Gain (Loss) of Disposition of Assets |
$0.00 |
|
Non Operating Income |
$84,722.00 |
| Total Income | $2,304,252.00 |
| EXPENSES | |
|
Dividends on Shares |
$380,083.00 |
|
Provision for Loan Loss |
($44,625.00) |
|
Employee Compensation & Benefits |
$768,936.00 |
|
Travel & Conference |
$9,133.00 |
|
Office Occupancy |
$156,571.00 |
|
Office Operations |
$284,851.00 |
|
Education & Promotion |
$8,151.00 |
|
Loan Servicing |
$58,856.00 |
|
Professional & Outside Services |
$164,069.00 |
|
Operating Fees |
$8,102.00 |
|
Miscellaneous Operating Expense |
$13,759.00 |
| Total Expense | $1,897,135.00 |
|
Net Income (Loss) |
$407,117.00 |
