Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MEMBER LOAN INCOME

  total $54,074,999 · related or exempt $54,074,999

• 2b · Program service revenue: FEE/OTHER INCOME

  total $23,359,575 · related or exempt $23,233,926 · unrelated business $125,649

• 3 · Investment income

  total $4,807,052 · related or exempt $4,807,052

• 7a · Gross sales of assets other than inventory

  securities $1,641,180 · other assets $398,838

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

  securities $1,877,889 · other assets $254,832

• 7c · Gain or loss

  securities -$236,709 · other assets $144,006

• 7d · Net gain or loss

  total -$92,703 · excluded -$92,703

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $60,355

• 2 · Grants to domestic individuals

  total $15,000

• 5 · Compensation of officers, directors and key employees

  total $1,760,803

• 7 · Other salaries and wages

  total $14,128,889

• 8 · Pension plan contributions

  total $1,034,007

• 9 · Other employee benefits

  total $2,399,422

• 10 · Payroll taxes

  total $1,284,641

• 11b · Fees: legal

  total $414,205

• 11c · Fees: accounting

  total $309,853

• 11g · Fees: other

  total $1,205,841

• 12 · Advertising and promotion

  total $2,579,730

• 13 · Office expenses

  total $3,849,672

• 14 · Information technology

  total $3,838,841

• 16 · Occupancy

  total $2,177,083

• 19 · Conferences, conventions and meetings

  total $614,837

• 20 · Interest

  total $8,391,947

• 22 · Depreciation, depletion and amortization

  total $3,042,166

• 23 · Insurance

  total $410,436

• 24a · Other expenses: INCOME TAX EXPENSE

  total -$1,814

• 24b · Other expenses: CARD PROCESSING

  total $5,373,522

• 24c · Other expenses: LOAN SERVICING

  total $4,253,656

• 24d · Other expenses: PROVISION FOR LOAN LOSS

  total $3,124,581

• 24e · All other expenses

  total $2,039,251

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $194,618,849 · end of year $37,126,453

• 4 · Accounts receivable

  beginning of year $1,433,511 · end of year $1,316,618

• 7 · Other notes and loans receivable

  beginning of year $938,525,880 · end of year $1,167,541,602

• 9 · Prepaid expenses and deferred charges

  beginning of year $10,151,536 · end of year $11,969,359

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

  $49,070,504

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

  $19,924,892

• 10c · Land, buildings and equipment, net

  beginning of year $28,751,193 · end of year $29,145,612

• 11 · Investments: publicly traded securities

  beginning of year $76,079,549 · end of year $112,080,208

• 12 · Investments: other securities

  beginning of year $117,656,836 · end of year $128,135,935

• 15 · Other assets

  beginning of year $15,066,439 · end of year $17,042,040

• 17 · Accounts payable and accrued expenses

  beginning of year $12,350,437 · end of year $18,860,423

• 21 · Escrow or custodial account liability

  beginning of year $1,783,869 · end of year $2,023,416

• 24 · Unsecured notes and loans payable

  beginning of year $30,500,000 · end of year $38,266,980

• 25 · Other liabilities

  beginning of year $1,145,494,204 · end of year $1,250,354,938

• 29 · Capital stock, trust principal or current funds

  beginning of year $7,340,206 · 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 $184,815,077 · end of year $194,852,070

The filer's explanations (Part III)

PART I, LINE 1A

TRAVEL FOR VOLUNTEERS AND SENIOR MANAGEMENT IS TREATED AS TAXABLE COMPENSATION.