Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: INTEREST MEMBER LOANS

  total $11,530,319 · related or exempt $11,530,319

• 2b · Program service revenue: FEES MEMBER SERVICE

  total $1,695,996 · related or exempt $1,695,996

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

  total $1,019,267 · related or exempt $1,019,267

• 3 · Investment income

  total $410,171 · excluded $410,171

• 11a · Other revenue: AMORT ACQUISITION DISCOUN

  total $324,350 · related or exempt $324,350

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

  total $38,328 · unrelated business $38,328

• 11c · Other revenue: GAIN ON SALE OF ASSETS

  total $21,963 · excluded $21,963

• 11d · All other revenue

  total $18,405 · unrelated business $18,405

• 11e · Other revenue, total

  $403,046

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $13,000

• 5 · Compensation of officers, directors and key employees

  total $1,172,535

• 7 · Other salaries and wages

  total $3,875,515

• 8 · Pension plan contributions

  total $85,115

• 9 · Other employee benefits

  total $189,719

• 10 · Payroll taxes

  total $362,611

• 11b · Fees: legal

  total $8,518

• 11g · Fees: other

  total $217,899

• 12 · Advertising and promotion

  total $378,392

• 14 · Information technology

  total $301,164

• 16 · Occupancy

  total $278,314

• 17 · Travel

  total $141,664

• 20 · Interest

  total $200,834

• 22 · Depreciation, depletion and amortization

  total $448,032

• 24a · Other expenses: OFFICE OPERATIONS EXPEN

  total $2,590,225

• 24b · Other expenses: LOAN SERVICING EXPENSE

  total $1,920,943

• 24c · Other expenses: PROVISION FOR LOAN LOSS

  total $1,136,449

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

  total $1,116,900

• 24e · All other expenses

  total $94,509

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,084,851 · end of year $3,661,811

• 2 · Savings and temporary cash investments

  beginning of year $38,191,901 · end of year $2,114,431

• 5 · Loans and receivables from officers and key people

  beginning of year $351,978 · end of year $483,778

• 7 · Other notes and loans receivable

  beginning of year $199,862,474 · end of year $256,755,062

• 9 · Prepaid expenses and deferred charges

  beginning of year $105,777 · end of year $308,375

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

  $8,126,743

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

  $2,871,832

• 10c · Land, buildings and equipment, net

  beginning of year $2,688,022 · end of year $5,254,911

• 11 · Investments: publicly traded securities

  beginning of year $1,714,510 · end of year $1,313,969

• 12 · Investments: other securities

  beginning of year $64,368 · end of year $63,195

• 14 · Intangible assets

  beginning of year $564,744 · end of year $815,607

• 15 · Other assets

  beginning of year $18,540,882 · end of year $17,855,492

• 17 · Accounts payable and accrued expenses

  beginning of year $2,746,418 · end of year $2,346,783

• 21 · Escrow or custodial account liability

  beginning of year $4,967 · end of year $9,023

• 23 · Secured mortgages and notes payable

  end of year $11,927,500

• 25 · Other liabilities

  beginning of year $237,900,747 · end of year $250,418,387

• 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 $23,517,375 · end of year $23,924,938

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.

PART I, LINE 4A

DEBORAH BROWN SEVERANCE PAYMENT - $49,116