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Monthly Financial Statements
These financial statements are updated on a monthly basis, and can also be found in
your local branch.
Balance Sheet
as of August 31, 2008
| Assets |
| Loans |
566,792,442 |
| Investments |
8,313,667 |
| Cash |
12,711,161 |
| Fixed Assets |
18,485,794 |
| Other Assets |
9,219,872 |
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| Total Assets |
$615,522,936 |
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| Liabilities |
| Member Deposits |
538,980,394 |
| Other Liabilities |
18,769,908 |
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| Total Liabilities |
$557,750,302 |
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| Reserves |
| Total Reserves |
$57,772,634 |
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| Total Liabilities and Reserves |
$615,522,936 |
Income Statement
Year To Date through August 31, 2008
| Income |
| Interest Income - Loans |
26,653,530 |
| Interest Income - Investments |
183,331 |
| Other Income |
4,919,182 |
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| Total Income |
$31,756,043 |
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| Expenses |
| Interest Expense |
10,564,259 |
| Operating Expenses |
15,835,435 |
| Loan Loss Provision |
2,271,584 |
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| Total Expenses |
$28,671,278 |
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| Net Income |
$3,084,765 |
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