Financial Statement | Superior Credit Union
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AssetsJanuary 31, 2024 January 31, 2023
Loans$998,513,523.60$922,715,031.34
Allowance Loans Loss($3,427,042.94)($2,983,067.00)
Cash Equivalents$15,770,802.05$17,078,942.04
Investments$565,154,701.49$482,625,303.88
Fixed Assets$23,980,403.68$22,021,972.83
Other Assets$34,733,156.83$30,815,660.38
Total Assets$1,634,725,544.71$1,472,273,843.47


Liabilities and Equity January 31, 2024 January 31, 2023
Dividends Payable$1,384,848.44$613,597.95
Other Liabilities $16,949,895.32$16,755,908.97
Borrowings$105,000,000.00$25,000,000.00
Deferred Income$1,487,597.02$1,544,383.22
Member Deposits$1,308,333,190.32$1,249,423,215.06
Regular Reserve$4,259,331.87$4,259,331.87
Retained Earnings$203,725,358.66$185,703,970.34
Equity Acquired in Merger$19,617,897.34$14,434,272.09
Unrealized Gain (Loss) Securities($26,032,574.26)($25,460,836.03)
Total Liabilities and Equity$1,634,725,544.71$1,472,273,843.47


Income StatementJanuary 31, 2024YEAR TO DATE
Interest Income$4,070,612.82$4,070,612.82
Investment Income$2,002,759.59$2,002,759.59
Alternative Investment Income($92,905.51)($92,905.51)
Other Income$1,441,037.38$1,441,037.38
Total Income$7,421,504.28$7,421,504.28
Dividend Expense$2,478,420.08$2,478,420.08
Interest On Borrowed Funds$373,476.13$373,476.13
Provision Loan Loss$79,017.00$79,017.00
Operating Expense$3,294,062.13$3,294,062.13
Total Expenses$6,224,975.34$6,224,975.34
Net Income$1,196,528.94
$1,196,528.94

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