Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: INTEREST MEMBER LOANS

  total $14,232,134 · related or exempt $14,232,134

• 2b · Program service revenue: FEES MEMBER SERVICE

  total $830,920 · related or exempt $830,920

• 2c · Program service revenue: VISA CHECK CARD INCOME

  total $593,752 · related or exempt $593,752

• 2d · Program service revenue: OTHER OPERATING INCOME

  total $214,915 · related or exempt $214,915

• 2e · Program service revenue: INCOME SALE OF MORTGAGES

  total $6,411 · related or exempt $6,411

• 3 · Investment income

  total $602,400 · excluded $602,400

• 11a · Other revenue: AUTO WARRANTY INCOME

  total $48,108 · unrelated business $48,108

• 11b · Other revenue: DISPOSAL GAIN

  total $12,614 · excluded $12,614

• 11c · Other revenue: FORIGN ATM FEES

  total $6,711 · unrelated business $6,711

• 11e · Other revenue, total

  $67,433

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $99,818

• 5 · Compensation of officers, directors and key employees

  total $1,798,939

• 7 · Other salaries and wages

  total $3,125,105

• 8 · Pension plan contributions

  total $66,244

• 9 · Other employee benefits

  total $239,551

• 10 · Payroll taxes

  total $372,022

• 11b · Fees: legal

  total $108,424

• 11g · Fees: other

  total $561,329

• 12 · Advertising and promotion

  total $1,053,839

• 14 · Information technology

  total $318,110

• 16 · Occupancy

  total $613,916

• 17 · Travel

  total $164,758

• 20 · Interest

  total $406,291

• 22 · Depreciation, depletion and amortization

  total $1,034,503

• 24a · Other expenses: LOAN SERVICING EXPENSE

  total $2,004,257

• 24b · Other expenses: DIVIDENDS & INTEREST -M

  total $1,526,758

• 24c · Other expenses: PROVISION FOR LOAN LOSS

  total $1,274,151

• 24d · Other expenses: OFFICE OPERATIONS EXPEN

  total $1,102,740

• 24e · All other expenses

  total $325,122

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $28,649,634 · end of year $13,425,811

• 2 · Savings and temporary cash investments

  beginning of year $9,756,856 · end of year $2,564,306

• 4 · Accounts receivable

  beginning of year $3,660,173 · end of year $1,260,904

• 7 · Other notes and loans receivable

  beginning of year $269,792,890 · end of year $291,045,325

• 9 · Prepaid expenses and deferred charges

  beginning of year $471,751 · end of year $458,244

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

  $19,657,687

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

  $6,780,514

• 10c · Land, buildings and equipment, net

  beginning of year $13,148,474 · end of year $12,877,173

• 11 · Investments: publicly traded securities

  beginning of year $25,929,137 · end of year $18,313,621

• 12 · Investments: other securities

  beginning of year $3,448,831 · end of year $2,916,830

• 15 · Other assets

  beginning of year $3,672,346 · end of year $3,714,328

• 17 · Accounts payable and accrued expenses

  beginning of year $3,122,040 · end of year $3,065,907

• 23 · Secured mortgages and notes payable

  end of year $25,000,000

• 25 · Other liabilities

  beginning of year $323,561,238 · end of year $288,648,082

• 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 $31,846,814 · end of year $29,862,553

The filer's explanations (Part III)

PART I, LINE 4A

SEVERANCE: AMBER MUHAMMAD - $58,179 PAT AHERN - $295,000