2022 UNCLE Credit Union Annual Report

Income and expenses

2020

2021

2022

Year Ending

Dec. 31, 2020

Dec. 31, 2021

Dec. 31, 2022

INCOME Interest on Loans Income on Investments Other Income TOTAL INCOME EXPENSES Salary & Benefits Travel & Conference Office Expenses

18,458,458 581,527 6,757,695 25,797,680

18,073,191 439,438 5,421,157 23,933,786

20,813,539 1,357,013 7,574,803 29,745,355

9,120,849 217,873 5,151,075 606,261

9,585,839 157,703 5,857,264

11,291,404 281,892 6,656,018 833,033 2,554,440 2,144,524 1,679,807 81,250 338,014 25,860,382 795,524 840,740 1,636,264 0 (1,540,717) 707,992

Education & Promotion Provision for Loan Losses Professional & Outside Services Loan Servicing Expense

748,022 290,009

2,097,676 1,675,820 1,325,332 61,517 159,642 20,416,045 969,806 169,070 1,138,876 0 20,591 4,263,350

2,225,294 1,364,782 70,240 128,373 20,427,526

Operating Fees Misc. Expenses TOTAL EXPENSES

Dividend & Interest Expense Paid to Members Interest on Borrowed Money TOTAL DIVIDEND & INTEREST EXPENSE

546,797 125,807 672,604

Gain (Loss) on Disposition of Assets Gain (Loss) on Investments NET INCOME(LOSS)

1,867 713,810 3,549,333

“ Where you come from does matter, but not nearly as much as where you are headed. ” - Jodi Picoult, American writer

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