Financials

STATEMENT OF FINANCIAL CONDITION – PERIOD ENDING October 31, 2016
ASSETS  AMOUNT
Regular Loans       $ 9,719,164
Leases – – –
Educational Loans  – – –
Real Estate Loans 2,575,742
Commercial Real Estate Loans 438,571
ODP Loans 10,328
Visa Loans 556,528
Loans In Liquidation  – – –
Total Loans 13,300,333
Allowance For Loan Loss (116,160)
Allowance For ODP  (1,372)
Net Loans 13,182,801
Cash On Hand 363,241
US Government Obligations  – – –
Other Certificates 11,730,000
Other Investments 24,055
Certificates In Corp CU – – –
Shares In Corp CU 2,811,442
Total Cash / Investments  14,928,739
Land 9405 S. Highway 17-92  458,000
Building (NET) 231,010
Furniture & Equipment (NET) 29,631
Accounts Receivable 107,580
Prepaid / Deferred Expense 47,716
Accrued Income 51,022
NCUA Share Insurance Fund 225,921
Assets Acquired In Liq / Loan 18,118
Other Assets 87,381
Total Other Assets 1,254,379
Total Assets 29,365,918

LIABILITIES / EQUITY
Accounts Payable     $ 25,699
Accrued Dividends Payable – – –
NCUSIF Stabilization – – –
Other Liabilities 107,146
Notes & Interest Payable  – – –
Total Liabilities 132,844
Share Accounts 10,752,199
Checking Accounts 4,599,560
Club Accounts 405,514
Escrow Deposit Accounts 70,544
Money Market Accounts 4,890,663
IRA Share Accounts 973,948
HSA Share Accounts 547,045
Certificates  – IRA  1,218,278
Certificates 3-6 Months 101,879
Certificates 12 Months 733,476
Certificates over 12 Months 590,506
Total Member Savings 24,883,610
Reserves  702,342
Undivided Earnings 3,647,122
Net Income (Loss) 11,801
Total Capital / Equity 3,635,321
Total Liabilities / Equity 29,365,918
CONTINGENT LIABILITIES
VISA 1,064,179
Home Equity (350) 573,138
Unsecured LOC (10) 23,955
Total 1,661,272
Capital 14.81%