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Financial Statement |
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As of December, 31, 2010 |
| Total Membership |
6136 |
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*ASSETS* |
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| Consumer Loans |
$ 15,377,107.37 |
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| Real Estate Loans |
$ 17,709,956.06 |
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| Business Loans |
$ 0.00 |
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| Other Loans |
$ 251,405.87 |
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TOTAL LOANS |
$ 33,338,469.30 |
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| Allow for Loan Losses |
$ (266,786.77) |
$ (266,786.77) |
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NET LOANS |
$ 33,071,682.53 |
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| Accounts Receivable |
$ 8,178.18 |
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| Cash on Hand & In Bank |
$ 5,872,181.38 |
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| Investments |
$ 10,171,000.00 |
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| Prepaid & Deferred Expenses |
$ 71,394.07 |
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| Fixed Assets (Net) |
$ 2,311,272.06 |
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| Accrued Income |
$ 151,946.43 |
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| Share Insurance Deposit |
$ 416,577.32 |
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| Other Assets |
$ 3,940.00 |
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TOTAL ASSETS |
$ 52,078,171.97 |
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*LIABILITIES AND EQUITY* |
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| Accounts Payable |
$ 195,628.80 |
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| Notes Payable |
$ 0.00 |
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| Dividends Payable |
$ 818.96 |
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| Taxes Payable |
$ 2,764.18 |
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| Accrued Expenses |
$ 161,591.64 |
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| Other Liabilities |
$ 94,700.15 |
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| Deferred Lease |
$ 0.00 |
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TOTAL LIABILITIES |
$ 455,503.73 |
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| All Share/Investment/Cking Accts |
$ 43,163,973.17 |
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| Regular Reserve |
$ 706,941.13 |
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| Undivided Earnings |
$ 7,727,320.43 |
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| Special Reserves |
$ 0.00 |
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| Unapplied Data Processing Exceptions |
$ 0.00 |
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| Net Income/(Loss) |
$ 24,433.51 |
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TOTAL EQUITY |
$51,622,668.24 |
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TOTAL LIABILITIES & EQUITY |
$52,078,171.97 |
Documents relating to the finance and management of the credit union are available to members for review in our office upon request by calling 903-561-2603.
