Financial Statement | Superior Credit Union
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AssetsFebruary 28, 2021February 28, 2020
Loans$802,970,090.22$672,791,354.12
Allowance Loans Loss($2,163,772.25)($1,380,380.79)
Cash Equivalents$15,396,137.87$13,205,154.28
Investments$426,189,131.21$366,058,846.75
Fixed Assets$16,161,322.90$14,820,285.40
Other Assets$50,471,988.88$22,895,565.88
Total Assets$1,309,024,898.83$1,088,390,825.64


Liabilities and EquityFebruary 28, 2021February 28, 2020
Dividends Payable$444,848.61$616,858.53
Other Liabilities $17,117,471.56$14,773,389.46
Borrowings$25,000,000.00$25,000,000.00
Deferred Income$374,965.65$69,331.77
Member Deposits$1,094,007,640.68$900,461,632.11
Regular Reserve$4,259,331.87$4,259,331.87
Retained Earnings$151,123,950.59$128,156,706.44
Equity Acquired in Merger$14,434,272.09$14,258,235.60
Unrealized Gain (Loss) Securities$2,262,417.78$795,339.86
Total Liabilities and Equity$1,309,024,898.83$1,088,390,825.64


Income StatementFebruary 28, 2021YEAR TO DATE
Interest Income$2,200,097.16$4,577,083.48
Investment Income$647,131.74$976,757.52
Other Income$1,937,127.79$4,431,882.01
Total Income$4,784,356.69$9,985,723.01
Dividend Expense$338,476.18$723,650.95
Interest On Borrowed Funds$26,422.69$57,721.32
Provision Loan Loss$10,122.00$21,483.00
Operating Expense$2,718,315.57$5,491,803.34
Total Expenses$3,093,336.44$6,294,658.61
Net Income$1,691,020.25$3,691,064.40

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