Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

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

  total $15,943,736 · related or exempt $15,943,736

• 2b · Program service revenue: FEE INCOME

  total $10,596,988 · related or exempt $10,138,648 · unrelated business $458,340

• 3 · Investment income

  total $2,945,962 · excluded $2,945,962

• 6a · Gross rents

  real property $14,238

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $14,238

• 6d · Net rental income or loss

  total $14,238 · excluded $14,238

• 7a · Gross sales of assets other than inventory

  securities $907,495

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

  securities $908,284

• 7c · Gain or loss

  securities -$789

• 7d · Net gain or loss

  total -$789 · excluded -$789

• 11a · Other revenue: OTHER INCOME

  total $308,372 · related or exempt $293,508 · unrelated business $14,864

• 11e · Other revenue, total

  $308,372

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $4,248,824

• 5 · Compensation of officers, directors and key employees

  total $730,224

• 7 · Other salaries and wages

  total $7,176,497

• 8 · Pension plan contributions

  total $249,077

• 9 · Other employee benefits

  total $519,793

• 10 · Payroll taxes

  total $591,548

• 11c · Fees: accounting

  total $29,500

• 11g · Fees: other

  total $1,821,906

• 12 · Advertising and promotion

  total $429,780

• 13 · Office expenses

  total $1,170,770

• 16 · Occupancy

  total $632,756

• 17 · Travel

  total $155,241

• 22 · Depreciation, depletion and amortization

  total $940,154

• 23 · Insurance

  total $165,510

• 24a · Other expenses: SHARE EXPENSES

  total $3,293,669

• 24b · Other expenses: PROVISION FOR LOAN LOSS

  total $3,200,608

• 24c · Other expenses: LOAN SERVICING

  total $504,322

• 24d · Other expenses: OTHER EXPENSES

  total $289,469

• 24e · All other expenses

  total $180,364

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,369,730 · end of year $4,136,254

• 2 · Savings and temporary cash investments

  beginning of year $82,528,999 · end of year $72,293,278

• 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 $298,484,576 · end of year $300,914,948

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

  $20,006,382

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

  $8,029,406

• 10c · Land, buildings and equipment, net

  beginning of year $12,398,470 · end of year $11,976,976

• 12 · Investments: other securities

  beginning of year $10,943,945 · end of year $10,289,265

• 15 · Other assets

  beginning of year $7,800,213 · end of year $8,679,264

• 17 · Accounts payable and accrued expenses

  beginning of year $6,945,928 · end of year $7,449,680

• 25 · Other liabilities

  beginning of year $376,189,855 · end of year $365,287,796

• 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 $36,512,910 · end of year $38,675,269

The filer's explanations (Part III)

PART I, LINE 4B

EUGENE ARDITO PARTICIPATES IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN.