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Statement of Financial Condition

March 31, 2015

ASSETS LIABILITIES
Consumer Loans 56,765,821.29 Regular Share & Club Accounts 61,472,002.52
Indirect Loans

6,079,518.55

MAXI Funds 98,282,442.92
VISA       14,862,318.01 Share Draft Accounts 72,419,017.90
Mortgages 331,009,467.96 Certificates of Deposit 110,110,670.99
FNMA Loans Sold (Included in Mortgages) -183,530,786.80    
Home Equity Loans  90,148,194.09    
Member Business Loans 34,332,106.25 Total Shares $342,284,134.33
Loans in Process 1,034,248.91 Borrowed Funds      27,947,500.00
Total Loans $350,700,888.26 Total Funds $370,231,634.33
Allowance for Loan Losses   -1,494,401.62    
Total Loans after ALL:  $349,206,486.64    
Short Term Investments  2,314,539.21      
*Note/Bond Investments 5,877,334.70    
Investments 21,815,831.46 Other Liabilities 2,170,118.32
Other Investments 907,732.11 Accrued Expenses  166,009.39
Total Investments $30,915,437.48 Total Liabilities

$2,336,127.71

Cash & Due from Banks 8,806,135.04    
Land      3,864,791.74    
Buildings      7,052,167.32    
Furniture & Equipment      1,641,280.52    
Motor Vehicles     32,355.78    
Prepaid Expenses   337,609.02 Regular Reserve   4,981,779.87
Fixed Assets $12,928,204.38 Undivided Earnings  31,481,915.10
    Accum Other Comprehensive Income     -404,119.00
Accrued Income 966,677.89 Balance Sheet - Income    1,189,259.94
Deposit - NCUSIF 3,210,765.61 Total Equity $37,248,835.91
Real Estate by Foreclosure   185,679.89    
Other Assets 3,597,211.02    
TOTAL ASSETS $409,816,597.95 TOTAL LIABILITIES & EQUITY $409,816,597.95
* Market Value Investments $ 5,883,702.54 Equity Ratio 9.19%
Unused Courtesy Pay $16,048,428.00    
Unused Credit Lines $100,136,108.26    

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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