Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: LOAN INCOME FROM MEMBERS

  total $16,480,617 · related or exempt $16,480,617

• 2b · Program service revenue: FEE INCOME

  total $8,830,774 · related or exempt $8,386,990 · unrelated business $443,784

• 3 · Investment income

  total $4,040,997 · excluded $4,040,997

• 6a · Gross rents

  real property $100,800

• 6b · Less rental expenses

  real property $86,949

• 6c · Rental income or loss

  real property $13,851

• 6d · Net rental income or loss

  total $13,851 · excluded $13,851

• 7a · Gross sales of assets other than inventory

  securities $2,189,517

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

  securities $2,189,527

• 7c · Gain or loss

  securities -$10

• 7d · Net gain or loss

  total -$10 · excluded -$10

• 11a · Other revenue: OTHER INCOME

  total $376,535 · related or exempt $366,285 · unrelated business $10,250

• 11e · Other revenue, total

  $376,535

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $5,810,171

• 5 · Compensation of officers, directors and key employees

  total $775,996

• 7 · Other salaries and wages

  total $7,862,146

• 8 · Pension plan contributions

  total $276,616

• 9 · Other employee benefits

  total $586,968

• 10 · Payroll taxes

  total $628,163

• 11c · Fees: accounting

  total $37,220

• 11g · Fees: other

  total $2,317,304

• 12 · Advertising and promotion

  total $402,473

• 13 · Office expenses

  total $1,468,735

• 16 · Occupancy

  total $647,733

• 17 · Travel

  total $92,746

• 22 · Depreciation, depletion and amortization

  total $888,811

• 23 · Insurance

  total $196,688

• 24a · Other expenses: SHARE EXPENSES

  total $3,552,191

• 24b · Other expenses: LOAN SERVICING

  total $454,973

• 24c · Other expenses: OTHER EXPENSES

  total $407,046

• 24d · Other expenses: PROVISION FOR LOAN LOSS

  total $215,000

• 24e · All other expenses

  total $238,378

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,136,254 · end of year $5,384,068

• 2 · Savings and temporary cash investments

  beginning of year $72,293,278 · end of year $83,119,336

• 5 · Loans and receivables from officers and key people

  beginning of year $3,122,760 · end of year $3,122,760

• 7 · Other notes and loans receivable

  beginning of year $300,914,948 · end of year $285,169,089

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

  $21,694,274

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

  $8,681,008

• 10c · Land, buildings and equipment, net

  beginning of year $11,976,976 · end of year $13,013,266

• 12 · Investments: other securities

  beginning of year $10,289,265 · end of year $19,282,200

• 15 · Other assets

  beginning of year $8,679,264 · end of year $11,103,187

• 17 · Accounts payable and accrued expenses

  beginning of year $7,449,680 · end of year $6,408,118

• 25 · Other liabilities

  beginning of year $365,287,796 · end of year $372,171,032

• 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 $38,675,269 · end of year $41,614,756

The filer's explanations (Part III)

PART I, LINE 4B

EUGENE ARDITO PARTICIPATES IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN.