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Statement of Financial Condition

February 29, 2016

ASSETS LIABILITIES
Consumer Loans 65,507,713.87 Regular Share & Club Accounts 70,166,997.55
Indirect Loans

5,805,534.45

MAXI Funds 100,391,581.95
VISA       15,777,642.28 Share Draft Accounts 79,666,152.77
Mortgages 329,470,132.99 Certificates of Deposit 122,030,575.77
FNMA Loans Sold (Included in Mortgages) -176,703,447.77    
Home Equity Loans  103,473,082.00    
Member Business Loans 33,672,100.18 Total Shares $372,255,308.04
Loans in Process 2,077,055.64 Borrowed Funds      20,924,690.00
Total Loans $379,079,813.64 Total Funds $393,179,998.04
Allowance for Loan Losses   -1,167,853.47    
Total Loans after ALL:  $377,911,960.17    
Short Term Investments 2,032,262.51      
*Note/Bond Investments 5,206,316.30    
Investments 16,682,007.71 Other Liabilities 2,668,813.72
Other Investments 940,381.79 Accrued Expenses  160,294.83
Total Investments $24,860,968.31 Total Liabilities

$2,829,108.55

Cash & Due from Banks 13,364,166.52    
Land      4,105,115.81    
Buildings      7,126,352.45    
Furniture & Equipment      1,524,997.62    
Motor Vehicles     68,912.92    
Prepaid Expenses  472,871.49 Regular Reserve   4,981,779.87
Fixed Assets $13,298,250.29 Undivided Earnings  34,865,676.49
    Accum Other Comprehensive Income     -1,238,403.00
Accrued Income 1,156,898.16 Balance Sheet - Income   2,727,916.59
Deposit - NCUSIF 3,509,199.72 Total Equity $41,336,969.95
Real Estate by Foreclosure   100,679.89    
Other Assets 3,143,953.48    
TOTAL ASSETS $437,346,076.54 TOTAL LIABILITIES & EQUITY $437,346,076.54
* Market Value Investments $ 5,251,475.19 Equity Ratio 9.73%
Unused Courtesy Pay $16,436,763.00    
Unused Credit Lines $109,163,062.36    

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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