Thank you to those who served Elements in 2020! Board of Directors Mark Saltsgaver Board Chair
Julie Dunlap Vice Chair
Donald Zakrowski Board Secretary
John Huesing
Consolidated Statement of Income
Treasurer
Selected Data in Millions (unaudited)
2020
2019
Mark Anderson Jeremy Fitch Michael Johnson Alice Morical Jody Roudebush
Interest Income from Loans and Investments
$57.4
$60.4
Interest Expense on Member Accounts and Borrowed Funds
(19.0)
(20.0)
Loan Loss Provision
(3.1)
(2.9)
Net Interest Income
35.3
37.5
Other Income
22.8
18.5
Beth Goines
Operating Expense
(46.6)
(42.4)
Committee Chair and Secretary
7.9
1.6
Net Income
$19.4
$15.2
Return on Average Assets
1.01%
Non-Operating Income
0.94%
Supervisory Committee Erin Burkhart Ben Clark Luke Frient Andrew Laux Jordan Smith Daryl Soughan