Financial Statement | Superior Credit Union
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AssetsNovember 30, 2024 November 30, 2023
Loans$1,074,145,794.56$996,996,106.92
Allowance Loans Loss($3,623,133.98)($3,390,081.24)
Cash Equivalents$17,713,448.53$18,176,437.96
Investments$596,877,880.51$518,018,819.46
Fixed Assets$24,325,507.02$23,752,121.76
Other Assets$51,549,888.46$28,834,522.83
Total Assets$1,760,989,385.10$1,582,387,927.69


Liabilities and Equity November 30, 2024November 30, 2023
Dividends Payable$1,533,960.04$1,317,260.04
Other Liabilities $22,477,317.91$20,366,333.26
Borrowings$65,000,000.00$65,000,000.00
Deferred Income$1,764,660.43$1,471,561.96
Member Deposits$1,445,291,733.78$1,301,898,916.89
Regular Reserve$4,259,331.87$4,259,331.87
Retained Earnings$223,237,710.68$200,022,273.06
Equity Acquired in Merger$19,617,897.34$19,617,897.34
Unrealized Gain (Loss) Securities($22,193,226.95)($31,565,646.73)
Total Liabilities and Equity$1,760,989,385.10$1,582,387,927.69


Income StatementNovember 30, 2024YEAR TO DATE
Interest Income$4,759,262.56$48,539,679.86
Investment Income$1,973,374.87$22,910,306.08
Alternative Investment Income$679,206.46$2,069,986.24
Other Income$1,394,326.39$18,307,517.30
Total Income$8,806,170.28$91,827,489.48
Dividend Expense$2,538,164.93$28,778,576.93
Interest On Borrowed Funds$311,799.24$4,248,220.31
Provision Loan Loss$227.00$778,234.38
Operating Expense$3,351,474.93$37,313,576.90
Total Expenses$6,201,666.10$71,118,608.52
Net Income$2,604,504.18$20,708,880.96

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