Operating Results

Below are the RelyOn Credit Union operating results for year-end 2023 (unaudited)


Loans to Members$66,109,722
Cash & Investments$10,062,203
Fixed Assets$4,180,544
Other Assets$1,567,565
Total Assets$81,920,034

Liabilities & Equity

Member Deposits$74,378,896
Reserves & Retained Earnings$5,117,584
Total Liabilities & Equity$81,920,034


Interest Income from Loans$5,092,353
Interest Income from Investments$378,404
Fees & Miscellaneous$2,218,847
Total Income$7,689,604

Operating Expenses

Salaries & Benefits$2,959,108
Office Occupancy$301,424
Office Operations$935,830
Professional & Outside Services$1,401,248
All Other Expenses$658,384
Total Expenses$6,255,995
Loan Loss Provision$2,266,587
Dividends & Interest Paid$1,118,695
Net Gain/(Loss)$(1)
Net Income$(1,951,674)
Total Members8,319
Loans Made to Members$30,283,459
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