Financials

Audited Statements of Financial Condition
December 31, 2017 and 2016

Assets	2017	2016
Cash and cash equivalents	3,432,555	4,885,859
Investments	16,016,070	16,216,660
Loans, net	34,533,256	35,316,640
Property and equipment, net	50,928	34,552
Other real estate owned	0	0
NCUSIF deposit	512,978	500,197
Accrued interest receivable	123,448	111,946
Other assets	3,487,964	3,454,776
Total Assets	58,157,199	60,520,629
Liabilities and Members' Equity	2017	2016
Members' shares	50,660,697	51,124,056
Accrued expenses and other liabilities	752,001	2,859,357
Total liabilities	51,412,698	53,983,413
Members' equity	6,744,501	6,537,216
Total liabilities and members' equity	58,157,199	60,520,629

Audited Statements of Income
December 31, 2017 and 2016

Interest Income	2017	2016
Loans	2,061,984	2,012,765
Cash, cash equivalents and certificates of deposit	236,818	174,237
Total interest income	2,298,802	2,003,815
Interest Expense	2017	2016
Members' shares	114,892	100,998
Net interest income	2,183,908	2,086,015
Provision for Loan Losses	166,684	82,200
Net interest income after provision for loan losses	2,017,224	2,003,815
Non-interest Income	2017	2016
Fees and charges	408,554	422,366
Other non-interest income	137,559	193,091
Total non-interest income	546,113	615,457
Non-interest Expense	2017	2016
Compensation and benefits	1,184,614	1,270,583
Other	1,171,423	1,192,628
Total non-interest expense	2,356,037	2,463,211
Net income	$207,330	$156,061