Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: Home Equity/Mortgage Loan

  total $12,165,857 · related or exempt $12,165,857 · unrelated business $0 · excluded $0

• 2b · Program service revenue: Auto Personal/Misc Loan Interest

  total $7,833,251 · related or exempt $7,833,251 · unrelated business $0 · excluded $0

• 2c · Program service revenue: Credit Card Interest

  total $634,837 · related or exempt $634,837 · unrelated business $0 · excluded $0

• 2d · Program service revenue: Fees and Interchange Income

  total $5,421,830 · related or exempt $5,421,830 · unrelated business $0 · excluded $0

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $4,022,137 · related or exempt $4,022,137 · unrelated business $0 · excluded $0

• 4 · Income from investment of tax-exempt bond proceeds

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 5 · Royalties

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7c · Gain or loss

  securities $0 · other assets $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $0

• 2 · Grants to domestic individuals

  total $0

• 3 · Grants to foreign organizations and individuals

  total $0

• 4 · Benefits paid to or for members

  total $3,245,911

• 5 · Compensation of officers, directors and key employees

  total $1,461,571

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $5,306,233

• 8 · Pension plan contributions

  total $643,139

• 9 · Other employee benefits

  total $1,008,198

• 10 · Payroll taxes

  total $517,434

• 12 · Advertising and promotion

  total $223,755

• 13 · Office expenses

  total $1,386,984

• 16 · Occupancy

  total $653,225

• 17 · Travel

  total $362,516

• 22 · Depreciation, depletion and amortization

  total $562,782

• 24a · Other expenses: Loan Servicing Expense

  total $562,601

• 24b · Other expenses: Professional Services

  total $189,323

• 24c · Other expenses: Provision for Credit Loss

  total $1,530,000

• 24d · Other expenses: All Other Expenses

  total $4,554,242

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $984,750 · end of year $2,200,022

• 2 · Savings and temporary cash investments

  beginning of year $96,865,265 · end of year $89,212,634

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $0

• 4 · Accounts receivable

  beginning of year $1,103,534 · end of year $1,193,283

• 7 · Other notes and loans receivable

  beginning of year $275,509,201 · end of year $306,788,274

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,126,230 · end of year $977,344

• 10a · Land, buildings and equipment: cost or other basis

  $13,725,773

• 10b · Land, buildings and equipment: accumulated depreciation

  $4,612,736

• 10c · Land, buildings and equipment, net

  beginning of year $9,121,043 · end of year $9,113,037

• 15 · Other assets

  beginning of year $6,810,013 · end of year $6,875,567

• 17 · Accounts payable and accrued expenses

  beginning of year $2,445,372 · end of year $3,243,629

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $0 · end of year $0

• 20 · Tax-exempt bond liabilities

  beginning of year $0 · end of year $0

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $0

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $0 · end of year $0

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $347,779,532 · end of year $363,951,402

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $41,295,132 · end of year $49,165,130

The filer's explanations (Part III)

Schedule J, Part I, Line 1a

Small spousal/family expense reimbursement is allowed. Total expenses in this area is typically $00.00 The CEO receives a country club membership which is included in this income figure.

Schedule J, Part I, Line 4

Small spousal/family expense reimbursement is allowed. Total expense in this area typically not more than $1,000. The CEO receives a country club membership which is included in his income figure.