| Statement of Financial Condition as of December 31, 2010 |
| Assets |
|
| Loans to Members |
$ 17,598,905 |
| Less Allowance for Loan Loss |
(224,440)
|
| Net Loans |
$ 17,374,465 |
| |
|
| Interest Bearing Checking Accounts/Liquid Assets |
1,000,304
|
| Investment Accounts |
4,027,070 |
| Fixed Assets |
2,329,169 |
| Other Assets |
322,626 |
| Total Assets |
$ 25,053,634 |
| |
| Liabilities and Members' Equity |
|
| Accounts Payable/Dividends Payable |
$43,907 |
| Accrued Expenses |
$23,044 |
| |
|
| Members' Shares |
|
| Shares |
10,457,258 |
| Share Draft Checking |
3,835,765 |
| Christmas Club and Wish Accounts |
1,132,354 |
| Share Certificates |
3,193,423 |
| Individual Retirement Accounts |
4,316,474 |
| Total Members' Shares |
$ 22,935,274 |
| |
|
| Regular Reserve |
600,000 |
| Undivided Earnings |
1,451,409 |
| Total Members' Reserves |
$2,051,409 |
| Total Liability & Equity |
$ 25,053,634 |
| Number of Members: 4,778 |
|
