Finance Receivables - Original Product

12 Months Ended

Dec. 31, 2021

Original Product [Member]

Finance Receivables

Note 2. Finance Receivables – Original Product

The Company’s original funding product provides financing to Associations only up to the secured or “Super Lien Amount” as discussed in Note 1.  Finance receivables for the original product as of December 31, based on the year of funding are approximately as follows:

	2021			2020
Funded during the current year	$	14,000		$	25,000
1-2 years outstanding		4,000			12,000
2-3 years outstanding		2,000			9,000
3-4 years outstanding		3,000			12,000
Greater than 4 years outstanding		51,000			200,000
		74,000			258,000
Reserve for credit losses		(60,000	)		(142,000	)
Total	$	14,000		$	116,000