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Operating Results

RelyOn Credit Union
Operating Results for Year-End 2020 (unaudited)

Assets
Loans to Members $63,112,057
Cash & Investments $15,429,012
Fixed Assets $2,945,498
Other Assets $1,472,686
Total Assets $82,959,253
Liabilities & Equity
Member Deposits $75,439,420
Liabilities $1,624,135
Reserves & Retained Earnings $5,895,698
Total Liabilities & Equity $82,959,253
Income
Interest Income from Loans $3,640,978
Interest Income from Investments $176,103
Fees & Miscellaneous $1,432,425
Total Income $5,249,506
Operating Expenses
Salaries & Benefits $2,238,201
Office Occupancy $325,098
Office Operations $565,353
Professional & Outside Services $863,553
All Other Expenses $612,130
Total Expenses $4,604,336

 


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