Financial Statement | Superior Credit Union
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AssetsMarch 31, 2024 March 31, 2023
Loans$1,007,547,028.96$947,831,379.92
Allowance Loans Loss($3,351,396.12))($2,992,827.00))
Cash Equivalents$18,201,967.33$15,444,029.40
Investments$597,487,005.52$496,884,976.29
Fixed Assets$23,154,020.60$21,307,364.04
Other Assets$38,257,975.89$27,550,854.03
Total Assets$1,681,296,602.18$1,538,381,881.35


Liabilities and Equity March 31, 2024 March 31, 2023
Dividends Payable$1,307,054.71$746,100.44
Other Liabilities $17,852,678.29$18,457,700.63
Borrowings$100,000,000.00$20,000,000.00
Deferred Income$1,304,141.35$1,838,104.77
Member Deposits$1,364,324,588.26$1,318,080,198.60
Regular Reserve$4,259,331.87$4,259,331.87
Retained Earnings$200,785,831.54$180,731,357.72
Equity Acquired in Merger$19,617,897.34$19,617,897.34
Unrealized Gain (Loss) Securities($28,154,921.18))($25,348,810.02))
Total Liabilities and Equity$1,681,296,602.18$1,538,381,881.35


Income StatementMarch 31, 2024YEAR TO DATE
Interest Income$4,154,131.05$12,117,488.61
Investment Income$2,128,459.16$6,014,108.83
Alternative Investment Income$494,396.42$687,683.82
Other Income$1,578,741.95$4,210,521.30
Total Income$8,355,728.58$23,029,802.56
Dividend Expense$2,581,381.48$7,451,068.00
Interest On Borrowed Funds$435,344.47$1,165,990.89
Provision Loan Loss$29,586.22$107,888.32
Operating Expense$3,032,437.83$9,360,721.50
Total Expenses$6,078,750.00$18,085,668.71
Net Income$2,276,978.58
$4,944,133.85

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