2023 Annual Report - Flipbook - Page 22
22 Credit Union Annual Report 2023
Pro昀椀t
Total Loans
Assets & Liabilities
(KYD 000)
Total assets grew by 12% or $60M as of 31 July 2023. Our balance sheet re昀氀ects the continued economic
strength of our community, with 100% of our loans funded by deposits from our members.
Balance Sheet Highlights
(KYD 000)
2023
2022
Growth
Mortgage loans
312,532,127
260,403,955
20%
Personal loans
110,587,897
101,296,604
9%
Total loans
423,120,024
361,700,559
17%
744,522
917,887
-19%
423,864,546
362,618,446
17%
-364,127
-559,844
-35%
Total Mortgage and Personal Loans
423,500,419
362,058,602
17%
Member deposits
35,200,287
27,309,135
29%
Non-member deposits
31,720,758
-
100%
Member shares
449,630,182
436,568,535
3%
Total deposits
516,551,227
463,877,670
11%
Loan interest receivable
Total loans including interest receivable
Less: Provision for loan losses
2023
423,500
2022
362,059
2021
323,229
2020
294,272
2019
263,219
Total Assets
(KYD 000)
2023
570,238
2022
510,131
2021
468,571
2020
410,445
2019
325,256