Financial Statement | Superior Credit Union
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AssetsAugust 31, 2021August 31, 2020
Loans$825,564,969.34$770,597,170.46
Allowance Loans Loss($2,202,927.69)($2,203,816.59)
Cash Equivalents$15,585,873.39$15,160,723.65
Investments$499,638,922.92$364,789,848.15
Fixed Assets$16,892,906.63$15,266,480.89
Other Assets$80,515,751.87$48,855,337.69
Total Assets$1,435,995,496.46$1,212,465,744.25


Liabilities and EquityAugust 31, 2021August 31, 2020
Dividends Payable$395,703.67$533,613.40
Other Liabilities $18,834,716.14$19,933,173.78
Borrowings$82,369,781.25$25,000,000.00
Deferred Income$506,092.73$630,216.35
Member Deposits$1,149,491,695.32$1,007,273,018.64
Regular Reserve$4,259,331.87$4,259,331.87
Retained Earnings$163,640,149.21$138,066,884.22
Equity Acquired in Merger$14,434,272.09$14,258,235.60
Unrealized Gain (Loss) Securities$2,063,754.18$2,511,270.39
Total Liabilities and Equity$1,435,995,496.46$1,212,465,744.25


Income StatementAugust 31, 2021YEAR TO DATE
Interest Income$2,491,708.86$19,107,493.18
Investment Income$531,834.80$3,948,477.84
Other Income$2,283,351.84$20,442,442.96
Total Income$5,306,895.50$43,498,413.98
Dividend Expense$329,522.10$2,768,756.91
Interest On Borrowed Funds$20,405.71$227,822.54
Provision Loan Loss$899.00$120,994.00
Operating Expense$2,716,535.10$24,173,577.51
Total Expenses$3,067,361.91$27,291,150.96
Net Income$2,239,533.59$16,207,263.02

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