Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: LOAN INTEREST

  total $243,290,886 · related or exempt $243,290,886

• 2b · Program service revenue: VISA/DEBIT CARD INCOME

  total $24,006,535 · related or exempt $24,006,535

• 2c · Program service revenue: FEES & CHARGES INCOME

  total $23,381,138 · related or exempt $23,197,966 · unrelated business $183,172

• 2d · Program service revenue: OTHER INCOME

  total $4,932,069 · related or exempt $3,882,637 · unrelated business $1,049,432

• 3 · Investment income

  total $32,398,659 · excluded $32,398,659

• 6a · Gross rents

  real property $391,706 · personal property $49,107

• 6b · Less rental expenses

  real property $0 · personal property $0

• 6c · Rental income or loss

  real property $391,706 · personal property $49,107

• 6d · Net rental income or loss

  total $440,813 · unrelated business $49,107 · excluded $391,706

• 7a · Gross sales of assets other than inventory

  securities $3,251,188 · other assets $13,000

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

  securities $0 · other assets $33,099

• 7c · Gain or loss

  securities $3,251,188 · other assets -$20,099

• 7d · Net gain or loss

  total $3,231,089 · excluded $3,231,089

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $590,101

• 2 · Grants to domestic individuals

  total $99,750

• 5 · Compensation of officers, directors and key employees

  total $5,444,026

• 7 · Other salaries and wages

  total $59,336,754

• 8 · Pension plan contributions

  total $4,205,444

• 9 · Other employee benefits

  total $6,337,147

• 10 · Payroll taxes

  total $5,382,769

• 11b · Fees: legal

  total $587,066

• 11c · Fees: accounting

  total $354,199

• 11g · Fees: other

  total $14,174,015

• 12 · Advertising and promotion

  total $11,204,140

• 13 · Office expenses

  total $21,531,859

• 16 · Occupancy

  total $3,454,713

• 17 · Travel

  total $1,416,062

• 19 · Conferences, conventions and meetings

  total $107,893

• 20 · Interest

  total $103,165,763

• 22 · Depreciation, depletion and amortization

  total $17,694,855

• 23 · Insurance

  total $610,839

• 24a · Other expenses: UBI TAXES

  total $64,677

• 24b · Other expenses: PROV FOR LOAN LOSS

  total $29,101,494

• 24c · Other expenses: CREDIT/COLLECTION COSTS

  total $7,867,698

• 24d · Other expenses: FRAUD EXPENSE

  total $2,560,364

• 24e · All other expenses

  total $1,495,645

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $483,217,077 · end of year $399,551,331

• 2 · Savings and temporary cash investments

  beginning of year $50,096,276 · end of year $47,543,107

• 4 · Accounts receivable

  beginning of year $36,832,145 · end of year $58,641,944

• 7 · Other notes and loans receivable

  beginning of year $4,245,739,516 · end of year $4,495,356,698

• 9 · Prepaid expenses and deferred charges

  beginning of year $11,980,093 · end of year $12,351,133

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

  $188,019,392

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

  $74,989,263

• 10c · Land, buildings and equipment, net

  beginning of year $112,602,909 · end of year $113,030,129

• 12 · Investments: other securities

  beginning of year $357,827,324 · end of year $333,650,450

• 13 · Investments: program-related

  beginning of year $375,010 · end of year $5,430,010

• 14 · Intangible assets

  beginning of year $81,626,586 · end of year $79,106,948

• 15 · Other assets

  beginning of year $80,771,694 · end of year $84,961,598

• 17 · Accounts payable and accrued expenses

  beginning of year $68,600,850 · end of year $59,650,547

• 19 · Deferred revenue

  beginning of year $1,395,981 · end of year $685,456

• 21 · Escrow or custodial account liability

  beginning of year -$406,868 · end of year -$245,490

• 23 · Secured mortgages and notes payable

  beginning of year $392,500,000 · end of year $407,500,000

• 25 · Other liabilities

  beginning of year $4,480,264,503 · end of year $4,603,379,672

• 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 $518,714,164 · end of year $558,653,163

The filer's explanations (Part III)

PART I, LINE 4B

DON MILLER, PRESIDENT/CEO, PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT ACCRUED IN 2024 WAS $553,045. THE AMOUNT DISTRIBUTED WAS $1,000,000. CHERYL BROWN, EVP OF MEMBER SUPPORT & SERVICE, PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT ACCRUED IN 2024 WAS $144,075. BENJAMIN RUTLEDGE, VP OF COMMERCIAL SERVICES, PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT ACCRUED IN 2024 WAS $75,458. THE AMOUNT DISTRIBUTED WAS $255,598. KEVEN GRAY, EVP OF MEMBER FULFILLMENT/RETAIL, PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT ACCRUED IN 2024 WAS $137,816. CHERYL ADAMSON, EVP OF LEGAL & ADMINISTRATION, PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT ACCRUED IN 2024 WAS $132,016. ANDREW CHUNG, CHIEF INFORMATION OFFICER, PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT ACCRUED IN 2024 WAS $130,388. KURT JOHNSON, CHIEF FINANCIAL OFFICER, PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT ACCRUED IN 2024 WAS $0.