| Statement of Financial Condition as of September 30, 2008 |
| Assets |
|
| Loans to Members |
$ 17,128,391 |
| Less Allowance for Loan Loss |
(69,287)
|
| Net Loans |
$ 17,059,104 |
| |
|
| Interest Bearing Checking Accounts/Liquid Assets |
876,438
|
| Investment Accounts |
3,089,962 |
| Fixed Assets |
1,631,769 |
| Other Assets |
292,184 |
| Total Assets |
$ 22,949,457 |
| |
| Liabilities and Members' Equity |
|
| Accounts Payable/Dividends Payable |
$9,535 |
| Accrued Expenses |
$82,939 |
| |
|
| Members' Shares |
|
| Shares |
8,761,972 |
| Share Draft Checking |
3,115,760 |
| Christmas Club and Wish Accounts |
864,221 |
| Share Certificates |
4,318,696 |
| Individual Retirement Accounts |
3,830,445 |
| Total Members' Shares |
$ 20,891,094 |
| |
|
| Regular Reserve |
600,000 |
| Undivided Earnings |
1,365,889 |
| Total Members' Reserves |
$1,965,889 |
| Total Liability & Equity |
$ 22,949,457 |
| Number of Members: 4,790 |
|
