 |
 |
 |
|
|
|
 |
|
| Statement of Financial Condition |
October 31, 2008 |
| |
|
| ASSETS |
|
| Auto Loans |
$10,567,116.18
|
| Other Secured Loans |
$1,382,519.03 |
| First Mortgage Loans |
$5,632.25 |
| First Mortgage Loans 360 |
$13,403,366.62 |
| CU First Mortgage |
$114,668.60 |
| FNMA Loans |
($1,618,964.67) |
| Second Mortgage Loans |
$732,107.61 |
| Property Loans |
$515,864.84 |
| Share Secured Loans |
$1,039,056.12 |
| Mobile Home Loans |
$2,303.94 |
| Visa Loans |
$1,470,356.54 |
| Platinum Visa Loans |
$1,252,715.65 |
| Signature Loans |
$927,256.71
|
| Overdraft Loans |
$62,057.25 |
| Visa Cash Advances |
$1000.00 |
| Home Equity Lines |
$12,704,836.83 |
| Loans to Members |
$42,561,893.50 |
| Loan Loss Allowance |
($247,836.58) |
| Accounts Receivable |
$3,814.89 |
| Cash in Bank |
$163,279.08 |
| Cash on Hand |
$324,844.58 |
| Cash in Bank/OnHand |
$488,123.66 |
| Federal Agency Security |
$7,745,523.60 |
| Unrealized Gain/Loss |
($153,112.48) |
| Premium Discount on Government |
($4,614.05) |
| Wescorp Certificates |
$5,435,419.20 |
| Wescorp Market Daily |
$2,311,490.93 |
| Suncorp Market Daily |
($1,594.18) |
| Southwest FCU Certificates |
$500,880.01 |
| Other CU Investments |
$27,017.06
|
| CU ATM Coop |
$5,000.00 |
| Investments |
$15,866,010.09 |
| Furniture/Equipment |
$234,605.57 |
| Land |
$368,592.30 |
| Building |
$569,689.96 |
| Prepaid Expenses |
$227,761.31 |
| Accrued Income |
$245,940.42 |
| 457 B Deferred Com |
$55,685.25 |
| American Share Insurance |
$50,000.00 |
| NCUSIF Deposit |
$510,000.29 |
| All Other Assets |
$21,001.00 |
| All Other Assets |
$2,283,246.10
|
| TOTAL ASSETS |
$60,955,281.66 |
| |
|
| LIABILITIES |
|
| Accounts Payable |
$943,629.23 |
| Dividends Payable |
$68,528.11 |
| Taxes Payable |
$2,394.91 |
| Accrued Expenses |
$94,537.13 |
| Misc Liabilities |
$57,685.25 |
| Accounts Payable |
$1,166,774.63 |
| TOTAL LIABILITIES |
$1,166,774.63 |
| |
|
| EQUITY |
|
| Regular Shares |
$11,902,317.23 |
| Club Shares |
$295,148.96 |
| Share Certificates |
$14,995,772.55 |
| IRA Certificates |
$2,844,554.85 |
| IRA Shares |
$2,090,648.06 |
| Money Markets |
$14,837,846.63 |
| Share Drafts |
$5,847,618.88 |
| Member Shares |
$52,813,907.16 |
| Regular Reserve |
$801,168.35 |
| Undivided Earnings |
$6,299,046.00 |
| Unrealized Gain/Loss |
($153,112.48) |
| Net Income (Loss) |
$27,498.00 |
| Member Capital |
$6,974,599.87 |
| TOTAL EQUITY |
$59,788,507.03 |
| TOTAL LIABILITIES + EQUITY |
$60,955,281.66 |
|
|
 |
|
