Statement of Condition as of December 2017

Statement of Condition as of March 2018

ASSETS

Cash and Investments $2,551,616.39
Loans $7,569,207.46
Office Buildings and Equipment $334,351.40
Other Assets $130,188.06
TOTAL ASSETS $10,585,363.31

LIABILITIES

Members Deposits $8,353,775.23
Reserves $2,089,344.59
Other Liabilities $106,838.58
TOTAL LIABILITIES & NET WORTH $10,549,958.40

 

Balance Sheet For Period Ended December 2017

Member Loans $7,338,303.85 Accounts Payable $39,093.53
Allow for Loan Loss $(42,517.87) Notes Payable $0.00
Accts. Receivable $0.00 Dividends Payable $1,289.27
Cash $230,480.60 Taxes Payable $674.46
Investments- SWCFCU $748,854.36 Accrued Expenses $9,284.47
Investments- CD’s $1,590,459.42 Shares $8,155,827.53
Prepaid Expenses $8,674.05 Regular Reserves $608,443.58
Fixed Assets $337,459.55 G/L $0.00
Accrued Income $20,019.17 Undivided Earnings $1,498,427.26
Other Assets $0.00
NCUA Deposit Investment $74,505.97
Total Assets $10,313,040.10 Total Liab & EQUITY $10,313,040.10

 

Income & Expense Year to Date

Income From Loans $437,703.55
Income From Investments $20,038.53
Fee Income $54,058.93
Other Income $67,849.39
Total Income $277,678.22
Employee Comp & Ben EXP. $277,678.22
Travel & Education EXP $5,017.30
Office Occupancy EXP $14,641.93
Office Operations EXP $138,026.59
Dividend EXP $65,478.76
Prov for Loan Loss $10,313.00
Other Oper. Expense $10,271.74
 Non-Operating Gain(loss)  0
Income Before Reserves $(30,249.97)

 

As a member of Longview Consolidated Credit Union you are entitled to receive upon request copies of the following: A summary of the credit union’s most recent audit, the most recent financial statement, and the IRS form 990 filing. All requests should be submitted in writing to the following: LONGVIEW CONSOLIDATED CREDIT UNION, Att: Compliance, 3101 McCann Rd., Longview, Tx. 75605