Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: INTEREST MEMBER LOANS

  total $13,557,150 · related or exempt $13,557,150

• 2b · Program service revenue: FEES MEMBER SERVICE

  total $1,494,877 · related or exempt $1,494,877

• 2c · Program service revenue: PLASTICS AND OTHER INCOME

  total $1,169,416 · related or exempt $1,169,416

• 3 · Investment income

  total $916,482 · excluded $916,482

• 11a · Other revenue: NON-MEMBER ATM FEES

  total $35,940 · unrelated business $35,940

• 11b · Other revenue: MECH BREAKDOWN INSURANCE

  total $7,400 · unrelated business $7,400

• 11e · Other revenue, total

  $43,340

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $20,500

• 5 · Compensation of officers, directors and key employees

  total $1,387,757

• 7 · Other salaries and wages

  total $3,826,423

• 8 · Pension plan contributions

  total $101,788

• 9 · Other employee benefits

  total $32,932

• 10 · Payroll taxes

  total $372,273

• 11b · Fees: legal

  total $7,826

• 11g · Fees: other

  total $134,374

• 12 · Advertising and promotion

  total $235,787

• 14 · Information technology

  total $276,873

• 16 · Occupancy

  total $252,850

• 19 · Conferences, conventions and meetings

  total $104,752

• 20 · Interest

  total $567,286

• 22 · Depreciation, depletion and amortization

  total $450,786

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

  total $3,582,238

• 24b · Other expenses: OFFICE OPERATIONS EXPEN

  total $2,657,118

• 24c · Other expenses: LOAN SERVICING EXPENSE

  total $2,061,357

• 24d · Other expenses: PROVISION FOR LOAN LOSS

  total $1,627,758

• 24e · All other expenses

  total $139,067

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,661,811 · end of year $1,902,053

• 2 · Savings and temporary cash investments

  beginning of year $2,114,431 · end of year $17,111,830

• 5 · Loans and receivables from officers and key people

  beginning of year $483,778 · end of year $351,688

• 7 · Other notes and loans receivable

  beginning of year $256,755,062 · end of year $232,418,186

• 9 · Prepaid expenses and deferred charges

  beginning of year $308,375 · end of year $187,367

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

  $8,052,250

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

  $3,275,719

• 10c · Land, buildings and equipment, net

  beginning of year $5,254,911 · end of year $4,776,531

• 11 · Investments: publicly traded securities

  beginning of year $1,313,969 · end of year $1,148,860

• 12 · Investments: other securities

  beginning of year $63,195 · end of year $63,178

• 14 · Intangible assets

  beginning of year $815,607 · end of year $795,313

• 15 · Other assets

  beginning of year $17,855,492 · end of year $15,896,586

• 17 · Accounts payable and accrued expenses

  beginning of year $2,346,783 · end of year $4,041,440

• 21 · Escrow or custodial account liability

  beginning of year $9,023 · end of year $3,382

• 23 · Secured mortgages and notes payable

  beginning of year $11,927,500 · end of year $10,000,000

• 25 · Other liabilities

  beginning of year $250,418,387 · end of year $237,449,076

• 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 $23,924,938 · end of year $23,157,694

The filer's explanations (Part III)

PART I, LINE 1A

THE CEO IS PROVIDED A COUNTY CLUB MEMBERSHIP. THE COUNTRY CLUB DUES ARE INCLUDED IN THE CEO'S TAXABLE COMPENSATION.