MSIC AUDITED F MSIC AUDITED FINANCIAL STATEMENTS
MASSACHUSETTS CREDIT UNION SHARE INSURANCE CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EQUITY FOR THE YEARS ENDED SEPTEMBER 30, 2022 AND 2021
Accumulated Other Retained Comprehensive Non-controlling
Total Equity
Earnings
Income (Loss)
Interest
Balances, September 30, 2020
$ 63,318,277
$
172,612
$
--
$ 63,490,889
Net loss
(742,367)
--
--
(742,367)
Other comprehensive loss
--
(275,740)
--
(275,740)
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)
Other comprehensive loss
--
(5,141,182)
--
(5,141,182)
Balances , September 30, 2022
$ (5,244,310) $
105,872
$ 57,570,987
$ 62,709,425
The accompanying notes are an integral part of these consolidated financial statements. 6
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