

	For the Years Ended September 30,
	2017			2016		2015
	(dollars in thousands)
Loan purchases:
Loans purchased from MCB, net	$	113,582		$	164,909	$	194,519

Management and record keeping services:
Servicing fee paid to MCB ⁽¹⁾	$	20,250		$	22,557	$	15,746
Special services fee paid to MCB ⁽²⁾	3,126			4,767		4,836
Base fee paid to MCB ⁽³⁾	500			500		500
Indirect cost allocation fees paid to MCFC	157			860		766
Total management and record keeping services	$	24,033		$	28,684	$	21,848

Other transactions:
Capital contribution from MCFC	$	—		$	—	$	(9,022	)
Fees paid to MCB in connection with loans purchased ⁽⁴⁾	1,273			1,585		1,995
Tax (refunds)/payments (from)/to MCFC	(1,936		)	1,896		2,134
Dividends paid to MCFC	1,909			474		2,270
Direct cost allocations paid to MCFC	1,125			1,374		1,054
Other reimbursements to MCB	—			—		1,650

⁽¹⁾Effective May 1, 2017, the servicing fee paid to MCB is 0.567% per month of the outstanding loan principal under the LSMS Agreement. Prior to May 1, 2017 and for fiscal year 2016, the servicing fee paid to MCB was 0.617% per month of the outstanding loan principal. The servicing fee paid to MCB was 0.496% per month of the outstanding loan principal for fiscal year 2015. The monthly collections fee was 34% of amounts collected on charged-off accounts for fiscal years 2017 and 2016.

Effective October 1, 2017 the servicing paid to MCB is 0.604% per month of the outstanding loan principal and monthly collections fee is 46% of amounts collected on charged-off accounts.

⁽²⁾ Effective March 1, 2017, fees for special services under the LSMS Agreement are at a rate of 115% of the cost of such services incurred by MCB. Prior to March 1, 2017, fees for special services were at a rate of 125% of the cost of such services incurred by MCB. Effective October 1, 2017, fees for special services are at a rate of 125% of the cost of such services incurred by MCB.

⁽³⁾ The annual base fee is $500,000 and payable monthly to MCB.

⁽⁴⁾ Effective April 1, 2017, we pay a $27.00 fee for each loan purchased from MCB to reimburse MCB for loan origination costs. Prior to April 1, 2017, and for fiscal year 2016 we paid a $25.00 fee for each loan purchased from MCB. The loan origination fee was $26.00 for each loan purchased from MCB for fiscal year 2015.