By the Numbers
Membership Total
386,503
up 4% from 2020
2021
386,503
2020
370,521
2019
356,277
2018
339,835
2017
321,118
2016
291,617
Assets Total
$3,282 million
up 15% from 2020
2021
$3,282
2020
$2,847
2019
$2,272
2018
$2,074
2017
$1,909
2016
$1,751
Loan Portfolio mix
56%
Mortgage loans
21%
Auto loans
10%
Personal loans
5%
Member business loans
4%
Credit card loans
4%
Home equity loans
Investment Portfolio Mix
75.9%
Overnight funds and member capital
23.7%
U.S. government agency securities
0.35%
Federal Home Loan Bank stock
0.0%
Certificates of deposit
0.05%
Corporate credit union capital
Statements of
Financial Condition
| 2021 | 2020 | |
|---|---|---|
| Cash and Investments | $407,044,034 | $464,999,694 |
| Mortgage Loans | $1,523,260,139 | $1,081,298,605 |
| Personal Loans | $285,681,993 | $265,370,688 |
| Member Business Loans | $123,758,860 | $115,068,163 |
| Home Equity Loans | $113,614,828 | $105,796,944 |
| Auto Loans | $564,535,243 | $516,959,353 |
| Credit Card Loans | $114,350,337 | $100,057,349 |
| Allowance for Loan Losses | ($23,167,551) | ($24,515,068) |
| Net Loans | $2,702,033,849 | $2,158,328,764 |
| National Share Insurance | $27,480,771 | $22,894,650 |
| Other Assets | $145,141,025 | $200,433,355 |
| Total Assets | $3,281,699,678 | $2,846,656,463 |
| 2021 | 2020 | |
|---|---|---|
| Payables | $15,751,729 | $16,735,511 |
| Share Accounts | $915,506,546 | $702,293,503 |
| Share Draft Accounts | $586,435,555 | $566,724,751 |
| Money Market Accounts | $932,354,379 | $793,244,055 |
| Individual Retirement Accounts | $227,350,664 | $218,367,921 |
| Share Certificates | $310,482,991 | $309,322,434 |
| Total Deposits | $2,972,130,135 | $2,589,952,664 |
| Total Reserves and Undivided Earnings | $293,817,815 | $239,968,288 |
| Total Liabilities & Equity | $3,281,699,678 | $2,846,656,463 |
Statements of Income
| 2021 | 2020 | |
|---|---|---|
| Investment Income | $1,794,907 | $1,160,987 |
| Mortgage Loans | $49,063,754 | $38,481,061 |
| Personal Loans | $29,075,871 | $27,861,318 |
| Home Equity Loans | $3,125,646 | $4,068,593 |
| Auto Loans | $25,131,739 | $24,984,669 |
| Credit Card Loans | $9,197,097 | $9,251,342 |
| Member Business Loans | $3,775,575 | $3,717,537 |
| Total Loan Income | $119,369,682 | $108,364,520 |
| Other Operating Income | $63,978,930 | $48,173,427 |
| Total Income | $185,143,519 | $157,698,934 |
| 2021 | 2020 | |
|---|---|---|
| Operating Expenses | $122,181,287 | $113,660,372 |
| Interest on Borrowed Funds | $42,370 | $41,260 |
| Share Accounts | $1,137.007 | $2,301,274 |
| Share Draft Accounts | $412,844 | $577,990 |
| Money Market Accounts | $1,555,607 | $4,180,668 |
| Individual Retirement Accounts | $1,012,911 | $2,458,588 |
| Share Certificates | $24,406,512 | $6,061,957 |
| Total Deposit Expense | $8,524,881 | $15,580,477 |
| Total Expenses | $130,748,538 | $129,282,109 |
| Net Operating Income | $54,394,981 | $28,416,826 |
