|
|
 |
|
EMPLOYEES CREDIT UNION
OPERATING RESULTS FOR YEAR-END 2010
Your credit union served the financial needs of 7,610 members as of 12/31/10.
Services We Offer
|
| Assets |
|
|
|
|
| |
Loans To Members |
|
$ 34,331,908. |
|
| |
Line of Credit Loans |
$ 220,078. |
|
|
| |
MasterCard |
$ 3,256,712. |
|
|
| |
Cash & Investments |
|
$ 13,612,724. |
|
| |
Fixed Assets |
|
$ 2,190,672. |
|
| |
Other Assets |
|
$ 686,309. |
|
| |
Total Assets |
|
|
$ 50,821,613. |
| |
|
|
|
|
| Liabilities & |
|
|
|
|
| Equity |
|
|
|
|
| |
Liabilities |
|
$ 658,551. |
|
| |
Equity (Member Deposits) |
|
$ 43,864,411. |
|
| |
Reserves/Retained Earnings |
|
$ 6,298,651. |
|
| |
Total Liabilities/Equity |
|
|
$ 50,821,613. |
| |
|
|
|
|
| Operating Income |
$ 3,357,761. |
| |
|
| Less-Operating Expenses |
$ 2,861,970. |
| |
|
| Less-Dividends Paid to Members |
$ 428,021. |
| |
|
| Net Income |
$ 67,770. |
| |
|
| Less-Southwest Corporate FCU Impairment Assessment |
$ 465,719. |
| |
|
| Net Income After SCFCU Assessment |
$ 397,949.- |
| |
|
| New Loans Made to Members |
$16,294,140. |
|
