Financial Statement | Superior Credit Union
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AssetsSeptember 30, 2024 September 30, 2023
Loans$1,072,529,895.94$986,127,477.87
Allowance Loans Loss($3,636,683.84)($3,283,644.82)
Cash Equivalents$14,913,124.96$13,833,084.48
Investments$638,820,288.34$470,294,675.34
Fixed Assets$24,529,031.31$23,625,108.30
Other Assets$43,448,718.64$34,061,446.92
Total Assets$1,790,604,375.35$1,524,658,148.09


Liabilities and Equity September 30, 2024September 30, 2023
Dividends Payable$1,640,106.60$1,239,784.33
Other Liabilities $23,396,086.81$19,412,859.95
Borrowings$126,000,000.00$15,000,000.00
Deferred Income$1,355,207.23$1,630,309.17
Member Deposits$1,414,266,593.20$1,300,514,934.28
Regular Reserve$4,259,331.87$4,259,331.87
Retained Earnings$218,707,423.07$196,841,605.01
Equity Acquired in Merger$19,617,897.34$19,617,897.34
Unrealized Gain (Loss) Securities($18,638,270.77)($33,858,573.86))
Total Liabilities and Equity$1,790,604,375.35$1,524,658,148.09


Income StatementSeptember 30, 2024YEAR TO DATE
Interest Income$4,630,337.42$38,929,266.16
Investment Income$2,181,559.14$18,752,221.72
Alternative Investment Income$354,633.50$1,980,058.33
Other Income$1,902,658.23$15,157,535.70
Total Income$9,069,188.29$74,819,081.91
Dividend Expense$2,761,265.05$23,636,461.81
Interest On Borrowed Funds$399,649.74$3,464,080.03
Provision Loan Loss$87,000.00$705,045.38
Operating Expense$3,300,180.87$30,834,901.34
Total Expenses$6,548,095.66$58,640,488.56
Net Income$2,521,092.63$16,178,593.35

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