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Statement of Financial Condition

February 29, 2016

ASSETS LIABILITIES
Consumer Loans 63,267,659.88 Regular Share & Club Accounts 69,279,961.65
Indirect Loans

6,040,721.13

MAXI Funds 95,607,189.64
VISA       15,262,387.59 Share Draft Accounts 78,369,883.67
Mortgages 325,737,304.18 Certificates of Deposit 118,669,521.03
FNMA Loans Sold (Included in Mortgages) -175,873,205.68    
Home Equity Loans  96,702,183.13    
Member Business Loans 37,209,872.37 Total Shares $361,926,555.99
Loans in Process 408,651.69 Borrowed Funds      23,924,690.00
Total Loans $368,755,574.29 Total Funds $385,851,245.99
Allowance for Loan Losses   -1,166,207.07    
Total Loans after ALL:  $367,589,367.22    
Short Term Investments  2,339,351.82      
*Note/Bond Investments 5,464,017.81    
Investments 16,192,515.15 Other Liabilities 2,353,140.88
Other Investments 939,195.91 Accrued Expenses  163,337.52
Total Investments $24,935,080.69 Total Liabilities

$2,516,478.40

Cash & Due from Banks 14,903,552.99    
Land      3,864,791.74    
Buildings      6,765,049.51    
Furniture & Equipment      1,626,376.40    
Motor Vehicles     73,857.70    
Prepaid Expenses   353,391.97 Regular Reserve   4,981,779.87
Fixed Assets $12,683,467.32 Undivided Earnings  34,865,676.49
    Accum Other Comprehensive Income     -1,238,403.00
Accrued Income 1,075,469.62 Balance Sheet - Income   999,271.27
Deposit - NCUSIF 3,361,338.12 Total Equity $39,608,324.63
Real Estate by Foreclosure   100,679.89    
Other Assets 3,327,093.17    
TOTAL ASSETS $427,976,049.02 TOTAL LIABILITIES & EQUITY $427,976,049.02
* Market Value Investments $ 5,508,143.87 Equity Ratio 9.54%
Unused Courtesy Pay $16,285,848.00    
Unused Credit Lines $106,732,985.40    

WE CERTIFY, TO THE BEST OF OUR KNOWLEDGE AND BELIEF, THIS STATEMENT AND THE RELATED STATEMENTS ARE TRUE AND CORRECT AND PRESENT FAIRLY THE FINANCIAL POSITION AND THE RESULTS OF OPERATIONS FOR THE PERIODS COVERED.

Download PDF version of Statement of Condition

 

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