Investor Presentaiton
LOUISIANA CORPORATE CREDIT UNION
STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
YEARS ENDED DECEMBER 31, 2021 AND 2020
INTEREST INCOME
Investments
Loans to members
2021
2020
$
1,011,619
$
1,431,897
746
825
1,012,365
1,432,722
INTEREST EXPENSE
Members' shares and certificates
NET INTEREST INCOME
235,031
427,271
777,334
1,005,451
NON-INTEREST INCOME
Service charges and other fees
823,710
818,202
Miscellaneous operating income
3,224,934
Gain on disposition of assets - net
10,400
1,324
4,059,044
819,526
NON-INTEREST EXPENSE
Compensation and benefits
777,121
741,428
Professional and outside services
692,813
696,746
Office occupancy and operations
108,116
102,380
Administrative expenses
70,306
64,919
1,648,356
1,605,473
3,188,022
219,504
NET INCOME
OTHER COMPREHENSIVE INCOME
Net unrealized holding gains, arising during the period
COMPREHENSIVE INCOME
350,185
864,806
$
3,538,207
$
1,084,310
The accompanying notes are an integral part of these financial statements.
-4-View entire presentation