Financials

Audited Statements of Financial Condition
December 31, 2018 and 2017

Assets	2018	2017
Cash and cash equivalents	2,315,404	3,432,555
Investments	16,189,070	16,016,070
Loans, net	41,427,683	34,533,256
Property and equipment, net	123,362	50,928
Other real estate owned	-	-
NCUSIF deposit	530,738	512,978
Accrued interest receivable	143,235	123,448
Other assets	3,601,578	3,487,964
Total Assets	64,331,070	58,157,199
Liabilities and Members' Equity	2018	2017
Members' shares	55,588,457	50,660,697
Accrued expenses and other liabilities	1,905,307	752,001
Members' equity	6,837,306	6,744,501
Total liabilities and members' equity	64,331,070	58,157,199

Audited Statements of Income
December 31, 2018 and 2017

Interest Income	2018	2017
Loans	2,215,274	2,061,984
Cash, cash equivalents and certificates of deposit	364,065	236,818
Total interest income	2,579,339	2,298,802
Interest Expense	2018	2017
Members' shares	180,229	114,892
Net interest income	2,373,202	2,183,908
Provision for Loan Losses	165,500	166,684
Net interest income after provision for loan losses	2,207,702	2,017,224
Non-interest Income	2018	2017
Fees and charges	394,538	408,554
Other non-interest income	212,102	137,559
Total non-interest income	606,640	546,113
Non-interest Expense	2018	2017
Compensation and benefits	1,341,078	1,184,614
Other	1,330,508	1,171,423
Total non-interest expense	2,671,586	2,356,037
Net income	$142,756	$207,330