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Statement of Financial Condition

February 29, 2016

ASSETS LIABILITIES
Consumer Loans 65,209,776.76 Regular Share & Club Accounts 69,740,368.47
Indirect Loans

6,055,201.56

MAXI Funds 100,793,040.82
VISA       16,013,364.64 Share Draft Accounts 76,693,186.54
Mortgages 326,069,827.27 Certificates of Deposit 120,827,702.15
FNMA Loans Sold (Included in Mortgages) -175,656,889.80    
Home Equity Loans  101,924,677.03    
Member Business Loans 35,161,764.79 Total Shares $368,054,297.98
Loans in Process 2,531,653.60 Borrowed Funds      22,924,690.00
Total Loans $377,309,375.85 Total Funds $390,978,987.98
Allowance for Loan Losses   -1,188,722.16    
Total Loans after ALL:  $376,120,653.69    
Short Term Investments 2,080,006.55      
*Note/Bond Investments 5,300,431.77    
Investments 16,261,855.86 Other Liabilities 2,774,693.23
Other Investments 939,195.91 Accrued Expenses  188,810.47
Total Investments $24,581,490.09 Total Liabilities

$2,963,503.70

Cash & Due from Banks 13,118,455.82    
Land      4,105,115.81    
Buildings      6,836,511.19    
Furniture & Equipment      1,596,864.02    
Motor Vehicles     70,561.18    
Prepaid Expenses   551,642.39 Regular Reserve   4,981,779.87
Fixed Assets $13,160,694.59 Undivided Earnings  34,865,676.49
    Accum Other Comprehensive Income     -1,238,403.00
Accrued Income 1,154,010.97 Balance Sheet - Income   2,132,842.20
Deposit - NCUSIF 3,361,338.12 Total Equity $40,741,895.56
Real Estate by Foreclosure   100,679.89    
Other Assets 3,087,064.07    
TOTAL ASSETS $434,684,387.24 TOTAL LIABILITIES & EQUITY $434,684,387.24
* Market Value Investments $ 5,357,978.73 Equity Ratio 9.66%
Unused Courtesy Pay $16,380,304.00    
Unused Credit Lines $105,912,124.64    

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.

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