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About Us

Statement of Financial Condition

July 31, 2014

ASSETS LIABILITIES
Consumer Loans  49,144,194.59 Regular Share & Club Accounts  57,509,460.23
Indirect Loans

    5,814,294.53

MAXI Funds 96,440,205.49
VISA         13,080,.809.00 Share Draft Accounts 63,261,833.99
Mortgages 326,460,667.37 Certificates of Deposit 110,880,467.31
FNMA Loans Sold (Included in Mortgages) -188,754,734.48    
Home Equity Loans    85,988,060.94    
Member Business Loans   32,959,214.20 Total Shares $328,091,967.02
Loans in Process 2,098,475.33 Borrowed Funds      27,000,000.00
Total Loans $326,790,981.48 Total Funds $355,091,967.02
Allowance for Loan Losses   -1,286,290.36    
Total Loans after ALL:  $325,504,691.12    
Short Term Investments    2,174,464.04      
*Note/Bond Investments    9,260,016.43    
Investments   29,941,268.53 Other Liabilities 2,101,141.49
Other Investments  896,609.66 Accrued Expenses    149,390.90
Total Investments $42,272,358.66 Total Liabilities

$2,250,532.39

Cash & Due from Banks 3,853,268.34    
Land      3,864,791.74    
Buildings      7,332,826.77    
Furniture & Equipment      1,423,929.27    
Motor Vehicles       40,697.10    
Prepaid Expenses     475,979.21 Regular Reserve    4,981,779.87
Fixed Assets $13,128,224.09 Undivided Earnings  28,457,953.19
    Accum Other Comprehensive Income     -428,078.00
Accrued Income 920,197.85 Balance Sheet - Income    1,696,750.25
Deposit - NCUSIF  3,175,734.73 Total Equity $34,708,405.31
Real Estate by Foreclosure   0.00    
Other Assets  3,196,429.93    
TOTAL ASSETS $392,050,904.72 TOTAL LIABILITIES & EQUITY $392,050,904.72
* Market Value Investments $ 9,139,894.14
Equity Ratio 8.96%
Unused Courtesy Pay $15,722,862.00    
Unused Credit Lines $92,984,165.08    

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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