Financial Statement | Superior Credit Union
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AssetsApril 30, 2021April 30, 2020
Loans$824,700,853.45$700,618,154.25
Allowance Loans Loss($2,210,868.37)($2,126,994.00)
Cash Equivalents$13,645,852.26$18,937,235.76
Investments$495,103,812.59$375,076,074.04
Fixed Assets$16,049,906.97$15,389,930.69
Other Assets$50,429,483.42$42,358,535.46
Total Assets$1,397,719,040.32$1,150,252,936.20


Liabilities and EquityApril 30, 2021April 30, 2020
Dividends Payable$417,369.69$578,266.02
Other Liabilities $20,271,312.30$18,155,454.10
Borrowings$25,000,000.00$25,000,000.00
Deferred Income$1,093,773.42$71,073.28
Member Deposits$1,174,890,106.51$956,401,418.54
Regular Reserve$4,259,331.87$4,259,331.87
Retained Earnings$155,245,691.98$128,968,798.17
Equity Acquired in Merger$14,434,272.09$14,258,235.60
Unrealized Gain (Loss) Securities$2,107,182.46$2,560,358.62
Total Liabilities and Equity$1,397,719,040.32$1,150,252,936.20


Income StatementApril 30, 2021YEAR TO DATE
Interest Income$2,354,241.56$9,326,083.21
Investment Income$665,721.12$2,283,826.54
Other Income$2,763,029.31$9,856,238.17
Total Income$5,782,991.99$21,466,147.92
Dividend Expense$340,584.79$1,427,079.29
Interest On Borrowed Funds$29,342.47$117,385.04
Provision Loan Loss$53,678.02$101,511.02
Operating Expense$3,134,461.37$12,007,366.78
Total Expenses$3,558,066.65$13,653,342.13
Net Income$2,224,925.34$7,812,805.79

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