MASSACHUSETTS CREDIT UNION SHARE INSURANCE CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EQUITY FOR THE YEARS ENDED SEPTEMBER 30, 2023 AND 2022
Accumulated Other Retained Comprehensive Non-controlling
Total
Earnings
Income (Loss)
Interest
Equity
Balances, September 30, 2021
$ 62,575,910
$
(103,128)
$
--
$ 62,472,782
Adjustment to record net non-controlling interest in consolidation
--
--
374,470
374,470
Less Member withdrawal from MSIC Partners, LLC
--
--
(1,978)
(1,978)
Net income (loss)
133,515
--
(266,620)
(133,105)
(5,141,182)
--
(5,141,182)
Other comprehensive loss
--
Balances , September 30, 2022
62,709,425
(5,244,310)
105,872
57,570,987
Net loss
(736,313)
--
(20,044)
(756,357)
1,577,461
--
1,577,461
Other comprehensive income
--
Balances , September 30, 2023
$ (3,666,849)
$
85,828
$ 58,392,091
$ 61,973,112
The accompanying notes are an integral part of these consolidated financial statements. 6
78 INTERNATIONAL COLLABORATION
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