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Statement of Financial Condition

February 29, 2016

ASSETS LIABILITIES
Consumer Loans 63,392,900.08 Regular Share & Club Accounts 68,978,557.41
Indirect Loans

6,128,155.12

MAXI Funds 95,570,101.27
VISA       15,060,215.61 Share Draft Accounts 76,520,191.62
Mortgages 323,948,069.74 Certificates of Deposit 118,630,656.91
FNMA Loans Sold (Included in Mortgages) -176,373,685.38    
Home Equity Loans  95,343,757.92    
Member Business Loans 36,781,004.05 Total Shares $359,699,507.21
Loans in Process 546,819.65 Borrowed Funds      28,924,690.00
Total Loans $364,827,236.79 Total Funds $388,624,197.21
Allowance for Loan Losses   -1,268,088.74    
Total Loans after ALL:  $363,559,148.05    
Short Term Investments  2,338,626.46      
*Note/Bond Investments 5,504,704.49    
Investments 16,769,885.29 Other Liabilities 2,436,604.46
Other Investments 909,439.88 Accrued Expenses  141,521.09
Total Investments $25,522,656.12 Total Liabilities

$2,578,125.55

Cash & Due from Banks 20,889,421.56    
Land      3,864,791.74    
Buildings      6,999,604.47    
Furniture & Equipment      1,424,641.79    
Motor Vehicles     74,681.83    
Prepaid Expenses   365,675.70 Regular Reserve   4,981,779.87
Fixed Assets $12,729,395.53 Undivided Earnings  34,865,676.49
    Accum Other Comprehensive Income     -404,119.00
Accrued Income 1,071,733.58 Balance Sheet - Income   692,760.03
Deposit - NCUSIF 3,297,080.34 Total Equity $40,136,097.39
Real Estate by Foreclosure   185,679.89    
Other Assets 4,083,305.08    
TOTAL ASSETS $431,338,420.15 TOTAL LIABILITIES & EQUITY $431,338,420.15
* Market Value Investments $ 5,553,067.91 Equity Ratio 9.40%
Unused Courtesy Pay $16,244,815.00    
Unused Credit Lines $105,705,517.45    

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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