Quarterly Financial Report

November 1, 2024 to April 30, 2025

Consolidated Balance Sheet (unaudited)

 
30-Apr-25 30-Apr-24
Assets  
Cash  $    9,557,765  $    5,399,232
Loans to members    415,905,309    427,918,118
Investments    282,598,620    262,261,285
Other      11,807,540      12,432,830
 $719,869,234  $708,011,465
 
Liabilities & Members' Equity
Members' deposits  $ 614,855,301  $ 603,006,552
Other         1,731,755         1,426,783
Share capital        20,705,665        20,607,326
Retained earnings        82,576,513        82,970,806
 $ 719,869,234  $ 708,011,467

Consolidated Income Statement (unaudited) 

For six months ended
30-Apr-25 30-Apr-24
Interest income  $ 14,041,505 $15,006,401
Interest expense        7,626,507 7,885,588
Financial margin        6,414,998 7,120,813
Provision for credit losses          325,249 247,160
Other income        1,366,416 1,188,497
Gross margin        7,456,165 8,062,150
Operating expenses        7,186,256 6,842,858
Net income
 $ 269,909 $ 1,219,292
(before taxes & dividends)
Bonnyville, AB - Monday | June 2, 09:00 AM
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