Financial Statement | Superior Credit Union
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AssetsOctober 31, 2022October 31, 2021
Loans$908,566,956.87$832,184,109.28
Allowance Loans Loss($2,291,075.12)($2,196,752.03)
Cash Equivalents$14,332,436.27$13,987,915.59
Investments$499,260,483.08$537,069,721.82
Fixed Assets$21,861,996.79$17,561,963.32
Other Assets$33,104,646.37$77,691,268.37
Total Assets$1,474,835,444.26$1,476,298,226.35


Liabilities and EquityOctober 31, 2022October 31, 2021
Dividends Payable$483,102.29$376,430.62
Other Liabilities $20,783,923.64$19,844,912.44
Borrowings$25,000,000.00$95,732,476.57
Deferred Income$1,592,921.24$306,396.20
Member Deposits$1,262,559,173.72$1,174,222,239.11
Regular Reserve$4,259,331.87$4,259,331.87
Retained Earnings$179,603,454.22$166,869,988.33
Equity Acquired in Merger$14,434,272.09$14,434,272.09
Unrealized Gain (Loss) Securities($33,880,734.81)$252,179.12
Total Liabilities and Equity$1,474,835,444.26$1,476,298,226.35


Income StatementOctober 31, 2022YEAR TO DATE
Interest Income$2,838,107.43$25,478,966.27
Investment Income$922,914.18$5,878,845.56
Alternative Investment Income$1,132,886.23($3,555,719.63)
Other Income$1,503,177.06$18,613,058.96
Total Income$6,397,084.90$46,415,151.16
Dividend Expense$976,723.70$4,814,631.70
Interest On Borrowed Funds$30,326.26$131,203.68
Provision Loan Loss$48,477.00$282,006.85
Operating Expense$2,823,807.84$31,208,378.90
Total Expenses$3,879,334.80$36,436,221.13
Net Income$2,517,750.10
$9,978,930.03

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