2022 Annual Report

2022 $ 1,586,718,138 $ (15,853,460) $ 1,570,864,678 $ 6,251,329 $ 312,667,850 $ 25,199,978 $ 14,497,436 $ 4,551,086 $ 21,379 $ 750,200 $ 32,537,029 $ 1,967,340,965 $ 1,588,854,312 $ 66,144,000 $ 13,601,345 $ 60,000,000 $ 13,992,550 $ 1,742,592,207 $ 2,519,688 $ 222,229,070 0 $ 224,748,758 $1,967,340,965 Assets: Loans Less: Allowance for Loan Loss Net Loans Cash on Hand Investments, at Amortized Cost Fixed Assets, Less Accumulated Depreciation NCUSIF Deposit Right of Use Asset for Leases Other Real Estate Owned Loans Held for Sale Other Assets Total Assets Liabilities and Members’ Equity: Members’ Shares and Savings Accounts Non-member Deposits Accounts Payable FHLB Borrowing Other Accrued Liabilities Total Liabilities Members’ Equity Regular Reserve Undivided Earnings Unrealized Gain/(Loss) on Security Total Equity Total Liabilities and Members’ Equity as of December 31, 2022 Statement of Financial Condition 2022 $ 74,013,151 $ 5,218,780 $ 32,340,220 $111,572,151 $ 27,854,591 $ 9,744,802 $ 2,400,063 $ 8,186,570 $ 6,549,813 $ 4,968,790 $ 4,644,318 $ 1,579,584 $ 65,928,531 $ 45,643,620 - $ (1,440,517) - $ 44,203,103 $ 8,836,056 $ 377,181 $ 34,989,866 Income: Interest on Loans Income on Investments Other Income Total Income Expenses Employee Compensation and Benefits Office Operations Office Occupancy Professional and Outside Services Provision for Loan Loss Education and Promotional Loan Servicing Other Miscellaneous Total Expenses Income Before Cost of Funds: Non-Operating Gains or Losses: Gain/(Loss) on Investments Gain/(Loss) on Disposition of Assets Other Non-operating Gains/(Losses) Total Net Income Before Cost of Funds Cost of Funds: Dividends and Interest Interest on Borrowed Funds Net Income as of December 31, 2022 Statement of Operations 2022 Annual Report | 25 2022 Annual Report | 24