Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: INTEREST INCOME ON LOANS TO MEMBE

  total $8,694,960 · related or exempt $8,694,960

• 3 · Investment income

  total $465,266 · excluded $465,266

• 7a · Gross sales of assets other than inventory

  securities $303,461

• 7b · Less cost or other basis and sales expenses

  securities $0

• 7c · Gain or loss

  securities $303,461

• 7d · Net gain or loss

  total $303,461 · excluded $303,461

• 11a · Other revenue: VISA CHECK FEES

  total $1,277,073 · related or exempt $1,277,073

• 11b · Other revenue: NSF AND ODP FEES

  total $1,264,559 · related or exempt $1,264,559

• 11c · Other revenue: NON-INTEREST INCOME

  total $595,823 · related or exempt $595,823

• 11d · All other revenue

  total $78,633 · related or exempt $66,651 · unrelated business $11,982

• 11e · Other revenue, total

  $3,216,088

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $72,498

• 5 · Compensation of officers, directors and key employees

  total $1,115,996

• 7 · Other salaries and wages

  total $2,395,228

• 8 · Pension plan contributions

  total $244,140

• 9 · Other employee benefits

  total $508,670

• 10 · Payroll taxes

  total $252,736

• 11b · Fees: legal

  total $101,457

• 11c · Fees: accounting

  total $45,837

• 11g · Fees: other

  total $272,513

• 12 · Advertising and promotion

  total $221,483

• 13 · Office expenses

  total $275,304

• 16 · Occupancy

  total $446,727

• 17 · Travel

  total $189,427

• 20 · Interest

  total $1,406,199

• 22 · Depreciation, depletion and amortization

  total $257,111

• 23 · Insurance

  total $69,372

• 24a · Other expenses: OTHER EXPENSES

  total $2,187,761

• 24b · Other expenses: DEBIT CARD OPERATIONS

  total $589,871

• 24c · Other expenses: PROVISION FOR LOAN AND

  total $572,117

• 24d · Other expenses: CREDIT CARD OPERATIONS

  total $293,188

• 24e · All other expenses

  total $100,762

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $415,549 · end of year $2,076,012

• 2 · Savings and temporary cash investments

  beginning of year $33,282,996 · end of year $14,605,975

• 5 · Loans and receivables from officers and key people

  beginning of year $462,539 · end of year $435,910

• 7 · Other notes and loans receivable

  beginning of year $147,550,551 · end of year $228,436,319

• 9 · Prepaid expenses and deferred charges

  beginning of year $454,971 · end of year $1,065,600

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

  $12,049,986

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

  $5,646,947

• 10c · Land, buildings and equipment, net

  beginning of year $3,649,708 · end of year $6,403,039

• 13 · Investments: program-related

  beginning of year $18,799,851 · end of year $17,598,679

• 14 · Intangible assets

  end of year $1,277,040

• 15 · Other assets

  beginning of year $11,694,296 · end of year $10,495,970

• 17 · Accounts payable and accrued expenses

  beginning of year $1,474,273 · end of year $1,773,535

• 21 · Escrow or custodial account liability

  beginning of year $309,747 · end of year $395,023

• 23 · Secured mortgages and notes payable

  beginning of year $0 · end of year $23,275,000

• 25 · Other liabilities

  beginning of year $193,228,594 · end of year $235,968,043

• 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 $2,152,518 · end of year $2,207,162

• 31 · Retained earnings, endowment or other funds

  beginning of year $19,145,329 · end of year $18,775,781

The filer's explanations (Part III)

PART I, LINE 4B

REBECCA STONE - $9,531 JUSTIN MORRIS - $6,213 MICHELLE DYER - $5,758 MARKUS FLOYD - $5,757 ROBERT HERRINGTON - $5,068 BRAD BROWN - $4,197