Operating Results
Below are the RelyOn Credit Union operating results for year-end 2023 (unaudited)
Assets
| 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 |
| Liabilities | $2,423,554 |
| Reserves & Retained Earnings | $5,117,584 |
| Total Liabilities & Equity | $81,920,034 |
Income
| 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 Members | 8,319 |
| Loans Made to Members | $30,283,459 |