Credit Arrangements |
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| Credit Arrangements [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Credit Arrangements | Note 6 – Credit Arrangements
During March 31, 2026 and December 31, 2025, the Company had
the following line of credit available:
During October of 2025, the Federal Home
Loan Bank approved UG’s Cash Management Advance Application (“CMA”). The CMA
gives the Company the option of selecting a variable rate of interest for up to
90 days or a fixed rate for a maximum of 30 days. The variable rate CMA is prepayable at
any time without a fee, while the fixed CMA is not prepayable prior to
maturity. The Company has pledged bonds with a
collateral lendable value of $21,716,686. The Company has no outstanding
borrowings on the CMA at March 31, 2026 nor had any borrowing activity during
2026.
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