Financial Statement | Superior Credit Union
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AssetsOctober 31, 2024 October 31, 2023
Loans$1,069,117,579.26$988,294,395.69
Allowance Loans Loss($3,649,837.48)($3,295,847.42)
Cash Equivalents$14,913,124.96$12,232,540.03
Investments$614,999,485.98$518,128,775.75
Fixed Assets$24,398,990.30$23,604,329.47
Other Assets$48,648,988.62$29,898,125.97
Total Assets$1,770,195,595.14$1,568,862,319.49


Liabilities and Equity October 31, 2024October 31, 2023
Dividends Payable$1,466,113.31$1,299,003.55
Other Liabilities $24,868,656.03$20,790,813.00
Borrowings$95,000,000.00$65,000,000.00
Deferred Income$1,775,795.96$1,592,849.49
Member Deposits$1,425,329,758.01$1,295,875,737.97
Regular Reserve$4,259,331.87$4,259,331.87
Retained Earnings$220,633,206.50$197,651,656.37
Equity Acquired in Merger$19,617,897.34$19,617,897.34
Unrealized Gain (Loss) Securities($22,755,163.88)($37,224,970.10)
Total Liabilities and Equity$1,770,195,595.14$1,568,862,319.49


Income StatementOctober 31, 2024YEAR TO DATE
Interest Income$4,851,151.14$43,780,417.30
Investment Income$2,184,709.49$20,936,931.21
Alternative Investment Income$(589,278.55)$1,390,779.78
Other Income$1,755,655.21$16,913,190.91
Total Income$8,202,237.29$83,021,319.20
Dividend Expense$2,603,950.19$26,240,412.00
Interest On Borrowed Funds$472,341.04$3,936,421.07
Provision Loan Loss$72,962.00$778,007.38
Operating Expense$3,127,200.63$33,962,101.97
Total Expenses$6,276,453.86$64,916,942.42
Net Income$1,925,783.43$18,104,376.78

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