Financial Statement | Superior Credit Union
Skip to main content

Log In

AssetsMarch 31, 2022March 31, 2021
Loans$843,443,712.52$813,021,726.63
Allowance Loans Loss($2,094,014.27)($2,170,654.29)
Cash Equivalents$14,669,230.76$14,810,377.74
Investments$564,529,773.66$471,914,796.07
Fixed Assets$20,465,011.88$16,089,611.56
Other Assets$45,492,837.90$52,063,449.86
Total Assets$1,486,506,552.45$1,365,729,307.57


Liabilities and EquityMarch 31, 2022March 31, 2021
Dividends Payable$338,213.84$434,113.04
Other Liabilities $17,851,323.28$19,317,809.57
Borrowings$55,184,000.00$25,000,000.00
Deferred Income$1,700,075.35$333,817.34
Member Deposits$1,230,658,057.58$1,146,755,896.88
Regular Reserve$4,259,331.87$4,259,331.87
Retained Earnings$173,321,763.66$153,020,766.64
Equity Acquired in Merger$14,434,272.09$14,434,272.09
Unrealized Gain (Loss) Securities($11,240,485.22)$2,173,300.14
Total Liabilities and Equity$1,486,506,552.45$1,365,729,307.57


Income StatementMarch 31, 2022YEAR TO DATE
Interest Income$2,441,365.77$7,229,263.07
Investment Income$234,113.80($114,882.02)
Other Income$3,591,251.68$6,516,511.57
Total Income$6,266,731.25$13,630,892.62
Dividend Expense$305,338.11$896,435.57
Interest On Borrowed Funds($21,496.61)($34,349.11)
Provision Loan Loss($6,379.00)($56,627.19)
Operating Expense$3,326,913.93$9,128,193.88
Total Expenses$3,604,376.43$9,933,653.15
Net Income$2,662,354.82$3,697,239.47

Superior has all-new Online Banking! Get started today:

Sign Up or Log In to the NEW Online Banking

Log in to the Old Online Banking