November 1, 2023 to April 30, 2024
Consolidated Balance Sheet (unaudited)
| 30-Apr-24 | 30-Apr-23 | ||
| Assets | |||
| Cash | $ 5,399,232 | $ 2,731,055 | |
| Loans to members | 427,918,118 | 446,395,318 | |
| Investments | 262,261,285 | 227,835,565 | |
| Other | 12,432,830 | 13,197,019 | |
| $708,011,465 | $690,158,957 | ||
| Liabilities & Members' Equity | |||
| Members' deposits | $603,006,552 | $ 586,391,482 | |
| Borrowings | - | - | |
| Other | 1,426,783 | 1,412,671 | |
| Share capital | 20,607,326 | 20,928,545 | |
| Retained earnings | 82,970,806 | 81,426,259 | |
| $ 708,011,467 | $ 690,158,597 | ||
Consolidated Income Statement (unaudited)
| For six months ended | ||
| 30-Apr-24 | 30-Apr-23 | |
| Interest income | $ 15,006,401 | $12,403,772 |
| Interest expense | 7,885,588 | 5,025,184 |
| Financial margin | 7,120,813 | 7,378,588 |
| Provision for credit losses | 247,160 | 484,063 |
| Other income | 1,188,497 | 1,227,194 |
| Gross margin | 8,062,150 | 8,121,719 |
| Operating expenses | 6,842,858 | 6,304,366 |
|
Net income
|
$ 1,219,292 | $ 1,817,353 |
|
(before taxes & dividends)
|
||
Bonnyville, AB - Wednesday | May 29, 11:13 AM