SUMMIT CREDIT UNIONPub 78
Pub 78
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$453,854,644
Program Services
86%
Investments
11%
Other
3%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$395,405,737
Benefits to Members
36%
Salaries & Benefits
23%
Other
17%
Offices, Occupancy & IT
9%
Interest
9%
Depreciation
2%
Advertising & Promotion
2%
Fees to Service Providers
<1%
Grants
<1%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$319,159,275
$388,129,575
+22%
Membership Dues
$0
$0
-
Investments
$21,347,074
$51,479,225
+141%
Other
$4,069,325
$14,245,844
+250%
Total Revenues
$344,575,674
$453,854,644
+32%
Expenses
2023
2024
Change
Grants
$648,432
$347,449
-46%
Benefits to Members
$83,841,302
$144,012,687
+72%
Salaries & Benefits
$84,292,025
$90,425,589
+7%
Fees to Service Providers
$3,525,669
$3,519,743
0%
Advertising & Promotion
$10,527,129
$8,995,141
-15%
Offices, Occupancy & IT
$37,661,722
$37,107,764
-1%
Interest
$26,457,292
$35,674,916
+35%
Depreciation
$9,333,600
$9,601,065
+3%
Other
$37,159,435
$65,721,383
+77%
Total Expenses
$293,446,606
$395,405,737
+35%
Net income
2023
2024
Change
Net income
+$51,129,068
+$58,448,907
+14%
Functional Expenses
Summary
2023
2024
Change
Program
-
-
-
Admin
-
-
-
Fundraising
-
-
-
Total Expenses
$293,446,606
$395,405,737
+35%
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