Operating Results
Below are the RelyOn Credit Union operating results for year-end 2022 (unaudited)
Assets
| Loans to Members | $72,692,455 |
| Cash & Investments | $13,947,361 |
| Fixed Assets | $4,217,054 |
| Other Assets | $1,469,934 |
| Total Assets | $92,326,804 |
Liabilities & Equity
| Member Deposits | $81,435,383 |
| Liabilities | $2,940,646 |
| Reserves & Retained Earnings | $7,950,775 |
| Total Liabilities & Equity | $92,326,804 |
Income
| Interest Income from Loans | $4,816,806 |
| Interest Income from Investments | $169,630 |
| Fees & Miscellaneous | $2,132,655 |
| Total Income | $7,119,091 |
Operating Expenses
| Salaries & Benefits | $3,159,653 |
| Office Occupancy | $365,808 |
| Office Operations | $833,439 |
| Professional & Outside Services | $1,504,364 |
| All Other Expenses | $699,676 |
| Total Expenses | $6,562,941 |
| Loan Loss Provision | $447,854 |
| Dividends & Interest Paid | $397,520 |
| Net Gain/(Loss) | $2,053,971 |
| Net Income | $1,764,747 |
| Total Members | 8,266 |
| Loans Made to Members | $40,126,618 |