INVESTMENTS

12 Months Ended

Dec. 31, 2021

Investments, Debt and Equity Securities [Abstract]

INVESTMENTS

NOTE 4 — INVESTMENTS

The Cooperative has determined fair value of its investments based on Level 2 inputs.

December 31, 2021:		Level 1		Level 2		Level 3		Total
Corporate Bonds	$	—	$	2,227	$	—	$	2,227
Fixed Income Funds		—		2,619		—		2,619
Money Market & CD’s		—		448		—		448
	$	—	$	5,294	$	—	$	5,294
December 31, 2020:
Corporate Bonds	$	—	$	3,277	$	—	$	3,277
Fixed Income Funds		—		1,571		—		1,571
Money Market & CD’s		—		441		—		441
	$	—	$	5,289	$	—	$	5,289

The Cooperative’s investments held to maturity are as follows as of December 31, 2021 and 2020 (in thousands):

		Amortized		Unrealized		Unrealized
		Cost		Gains		Losses			Fair Value
December 31, 2021:
Corporate Bonds	$	2,232	$	41	$	(46	)	$	2,227
Money Market & CD’s		448		—		—			448
	$	2,680	$	41	$	(46	)	$	2,675
December 31, 2020:
Corporate Bonds	$	3,169	$	113	$	(5	)	$	3,277
Money Market & CD’s		441		—		—			441
	$	3,610	$	113	$	(5	)	$	3,718

Corporate bond maturities are as follows as of December 31, 2021 (in thousands):

		Net
		Carrying
		Amount		Fair Value
Due in 1 year or less	$	1,236	$	1,192
Due in 2 to 5 years		852		893
Due in 6 to 10 years		144		142
	$	2,232	$	2,227