b'MESSAGE FROM LEADERSHIP Financials Fiduciary responsibility: stronger than everASSETSCurrent Assets Cash and Cash Equivalents$999,063Certificates of Deposit3,507,000Accounts Receivable323,497Prepaid Expenses103,04083.3% Total Current Assets 4,932,600 Net Property and Equipment 29,803 Other AssetsTotal Cash -Temporarily Restricted251,925Deferred Annuity90,150 AFFILIATIONDeferred Tax Asset 395,200Investments in:CSSI, Inc.4,380 Credit Union House, LLC34,669 CU Cooperative Systems, Inc.20,000 The Raiffeisen Group 32,735 LouisianaTotal Investment 91,784Payroll Funding Deposit60,000Other Assets 1,170Total Other Assets 890,229CREDIT UNIONSTOTAL ASSETS $5,852,632LIABILITIES, NET ASSETS, STOCKHOLDERS EQUITYCurrent Liabilities Accounts Payable $623,763 92 Below 20 MillionDeferred Revenue31,780Accrued Salaries,Benefits 68,061 33 20-50 MillionPeer Group Liability36,276CUNA Funds Liability 146,186Current Long-Term Liabilities 40,067 12 50-100 Million Total Current Liabilities 946,133Long-Term Liabilities50,083 Total Liabilities996,216 21 100-500 MillionNet Assets and Stockholders Equity Unrestricted Net Assets5,823,113 6 500-1 BillionRestricted Net Assets69,463Retained Earnings (Deficit)(1,036,160) Total Net Assets & Stockholders Equity 4,856,416 2 1 Billion + TOTAL LIABILITIES, NET ASSETS $ 5,852,632AND STOCKHOLDERS EQUITY 2020 2019 2018UNRESTRICTED NET ASSETS Revenue # of CUs 166 171 174Membership Dues, Sales, Conferences $1,741,602ExpensesProgram Services, Management, Total Assets 14.2 bil 12.3 bil 11.7 bilMembership Development, Operating1,643,215 Other Revenue (Expenses)Total Loans 9.1 bil 8.5 bil 8.3 bilDepreciation (6,017)Interest and Dividend Income26,342Gain (Loss) on Investments, Net3,502 Total Savings 12.3 bil 10.5 bil 10 bil Net Other Revenue (Expenses) 23,377 Increase in Unrestricted Net Assets/Net Income, Total Members 1.29 mil 1,25 mil 1.24 milBefore Taxes$121,764Income Tax Expense (Benefit)(17,149)Increase in Unrestricted Net Assets/Net Income138,913Net Assets Released from Restrictions (350) INCREASE IN NET ASSETS/NET INCOME$138,563 Unaudited; audited report provided upon request.'