NAFCU Journal July August 2021

NAFCU 2020 Annual Report 13 NAFCU AND AFFILIATES CONSOLIDATED STATEMENTS OF FINANCIAL POSITION | 12 . 31 . 2020 & 2019 Liabilities and Net Assets LIABILITIES ACCOUNTS PAYABLE AND ACCRUED EXPENSES $ 2,657,037 $ 3,243,709 DEFERRED REVENUE 10,661,385 10,359,929 TENANT DEPOSITS 14,349 14,349 DEFERRED COMPENSATION LIABILITY 328,640 1,079,341 TOTAL LIABILITIES $ 13,661,411 $ 14,697,328 NET ASSETS WITHOUT DONOR RESTRICTIONS $ 13,337,090 $ 12,947,034 WITH DONOR RESTRICTIONS 2,491,347 2,121,327 TOTAL NET ASSETS $ 15,828,437 $ 15,068,361 TOTAL LIABILITIES AND NET ASSETS $ 29,489,848 $ 29,765,689 Activities without donor restrictions REVENUE AND SUPPORT MEMBERSHIP DUES $ 11,497,650 $ 10,654,280 MEMBERSHIP EDUCATION AND TRAINING 2,268,934 5,394,235 SERVICE FEES 2,525,792 2,710,878 OTHER 150,351 226,945 ADVERTISING 112,931 369,711 INTEREST AND DIVIDEND INCOME, NET OF FEES 301,619 380,929 RENTAL INCOME 191,364 181,799 PRODUCTS AND SERVICES 77,716 104,735 NET ASSETS RELEASED FROM RESTRICTIONS 496,495 549,791 TOTAL REVENUE AND SUPPORT $ 17,622,852 $ 20,573,303 2020 2019 CASH AND CASH EQUIVALENTS $ 4,178,548 $ 6,525,251 ACCOUNTS RECEIVABLE 598,902 519,107 PREPAID EXPENSES AND OTHER ASSETS 436,961 455,631 INVESTMENTS 18,892,842 18,449,324 DEFERRED COMPENSATION INVESTMENTS 221,425 841,622 PROPERTY AND EQUIPMENT, NET 2,560,969 2,974,754 OTHER ASSETS 2,600,201 - TOTAL ASSETS $ 29,489,848 $ 29,765,689 Assets