| ASSETS |
12/31/09 |
12/31/08 |
12/31/07 |
12/31/06 |
| *Loans |
$41,689,991 |
$42,694,093 |
$40,386,033 |
$36,728,391 |
| Allowance for loan loss |
(313,704) |
(271,063) |
(233,475) |
(185,507) |
| Short-term Liquidity |
1,503,563 |
1,537,832 |
1,571,518 |
1,182,301 |
| Corporate Credit Union Investments |
3,692,962 |
2,807,400 |
5,201,200 |
5,300,700 |
| Other Investments (mainly CDs) |
17,520,440 |
9,929,296 |
3,029,860 |
4,457,139 |
| Building and Land |
1,013,903 |
1,061,431 |
1,107,863 |
479,740 |
| Fixed Assets |
168,086 |
129,167 |
130,595 |
120,512 |
| Other Assets |
1,375,451 |
463,972 |
602,957 |
543,349 |
| NCUSIF Deposit |
585,042 |
500,354 |
446,769 |
394,270 |
| TOTAL ASSETS |
66,785,734 |
$58,852,482 |
$52,243,320 |
$49,020,895 |
LIABILITIES AND CAPITAL |
| *Member Share Deposits |
61,149,669 |
53,453,662 |
47,202,915 |
44,373,788 |
| Accounts Payable |
164,332 |
62,234 |
109,935 |
188,672 |
| Dividends Payable |
118,142 |
139,114 |
177,297 |
107,061 |
| *Member Capital |
5,353,590 |
5,197,472 |
4,753,173 |
4,351,374 |
TOTAL LIABILITIES AND CAPITAL
|
66,785,734 |
$58,852,482 |
$52,243,320 |
$49,020,895 |
| STATEMENT OF EQUITY/LOANS/SHARES |
| Beginning Capital |
4,320,527 |
3,876,229 |
3,474,429 |
3,112,747 |
| Regular Reserve |
876,945 |
876,945 |
876,945 |
876,944 |
| Net Income |
156,119 |
444,298 |
401,799 |
361,683 |
*TOTAL CAPITAL
|
5,353,590 |
$5,197,472 |
$4,753,173 |
$4,351,374 |
| Vehicle Loans |
18,436,308 |
19,005,833 |
18,140,052 |
15,400,469 |
| Consumer Loans |
4,503,123 |
3,887,153 |
3,679,488 |
3,401,875 |
| Real Estate Loans |
16,062,744 |
17,249,831 |
16,010,337 |
15,555,234 |
| Unsecured Loans |
2,687,816 |
2,551,276 |
2,556,156 |
2,370,813 |
*TOTAL LOANS
|
41,689,991 |
$42,694,093 |
$40,386,033 |
$36,728,391 |
| Primary Shares |
9,537,513 |
8,911,564 |
7,780,463 |
7,909,346 |
| Money Market |
28,106,041 |
22,581,367 |
17,847,978 |
15,770,020 |
| CDs |
9,806,821 |
9,600,634 |
9,438,199 |
9,160,331 |
| Checking |
10,722,101 |
9,277,314 |
9,548,413 |
9,069,838 |
| IRAs |
2,977,193 |
3,082,784 |
2,587,862 |
2,464,253 |
*TOTAL SHARES
|
61,149,669 |
$53,453,662 |
$47,202,915 |
$44,373,788 |
| NET LOAN CHARGE-OFFS |
102,552 |
$80,490 |
$63,428 |
$45,333 |
| Interest on loans |
2,754,471 |
$2,841,028 |
$2,712,911 |
$2,325,861 |
| Income from investments |
473,291 |
408,801 |
439,665 |
433,993 |
| Other operating income |
644,630 |
565,763 |
526,643 |
486,320 |
TOTAL GROSS INCOME
|
3,872,392 |
$3,815,592 |
$3,679,219 |
$3,246,174 |
| Employee compensation and benefits |
1,059,487 |
$1,011,412 |
$941,429 |
$884,454 |
| Travel and conference expense |
27,198 |
30,257 |
31,491 |
26,535 |
| Association dues |
46,951 |
43,373 |
37,637 |
36,042 |
| Office occupancy expense |
128,747 |
124,508 |
108,814 |
94,283 |
| Office operations expense |
508,849 |
455,727 |
431,692 |
382,360 |
| Education and promotion expense |
68,745 |
77,777 |
62,882 |
55,201 |
| Loan servicing expense |
283,560 |
246,926 |
203,971 |
184,273 |
| Professional and outside services |
147,205 |
151,063 |
142,470 |
142,720 |
| Provision for loan losses |
145,193 |
118,078 |
111,396 |
98,497 |
| Member insurance |
6,522 |
5,937 |
7,431 |
6,567 |
| Operating fees paid to NCUA |
13,420 |
11,224 |
9,601 |
8,629 |
| Interest on borrowed money |
12 |
40 |
25 |
290 |
| Annual meeting & Member Appreciation expense |
4,157 |
4,403 |
1,185 |
1,361 |
| Miscellaneous operating expense |
1,493 |
463 |
2,519 |
5,429 |
TOTAL OPERATING EXPENSES
|
2,441,539 |
$2,281,188 |
$2,092,543 |
$1,926,641 |
Gain (loss) on sale of assets |
0 |
471 |
(644) |
(1,181) |
| Other non-operating income |
18,233 |
18,045 |
17,519 |
17,010 |
| Dividends paid to members |
(818,698) |
1,108,621 |
1,201,751 |
973,679 |
| Pre Net Income |
630,388) |
|
|
|
| NCUSIF Recapitalization Expense |
(474,268) |
|
|
|
Post Net Income
|
$156,119 |
$444,298 |
$401,799 |
$361,683 |
|
