Financial Statement | Superior Credit Union
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AssetsSeptember 30, 2021September 30, 2020
Loans$830,592,591.25$774,839,272.58
Allowance Loans Loss($2,206,007.99)($2,234,143.58)
Cash Equivalents$15,550,902.53$14,662,789.12
Investments$509,446,572.62$341,660,396.81
Fixed Assets$17,249,113.14$15,142,695.57
Other Assets$80,852,997.36$72,824,827.59
Total Assets$1,451,486,168.91$1,216,895,838.09


Liabilities and EquitySeptember 30, 2021September 30, 2020
Dividends Payable$382,018.42$519,695.39
Other Liabilities $19,657,344.45$20,374,181.55
Borrowings$95,951,429.69$25,000,000.00
Deferred Income$333,782.41$601,021.74
Member Deposits$1,150,491,351.03$1,009,992,756.34
Regular Reserve$4,259,331.87$4,259,331.87
Retained Earnings$164,780,010.51$139,148,406.51
Equity Acquired in Merger$14,434,272.09$14,434,272.09
Unrealized Gain (Loss) Securities$1,196,628.44$2,566,172.60
Total Liabilities and Equity$1,451,486,168.91$1,216,895,838.09


Income StatementSeptember 30, 2021YEAR TO DATE
Interest Income$2,398,675.64$21,506,168.82
Investment Income($203,306.32)$3,745,171.52
Other Income$2,067,712.96$22,626,345.85
Total Income$4,263,082.28$47,877,686.19
Dividend Expense$314,106.06$3,082,862.97
Interest On Borrowed Funds$21,793.51$249,616.05
Provision Loan Loss$812.00$121,806.00
Operating Expense$2,786,509.41$27,076,276.85
Total Expenses$3,123,220.98$30,530,561.87
Net Income$1,139,861.30$17,347,124.32

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