Statement of Condition as of December 2018

Statement of Condition as of March 2019

ASSETS

Cash and Investments $3,275,517.00
Loans $6,912,821.00
Office Buildings and Equipment $325,653.00
Other Assets $103,818.00
TOTAL ASSETS $10,617,809.00

LIABILITIES

Members Deposits $8,463,880.00
Reserves $2,041,838.00
Other Liabilities $112,091.00
TOTAL LIABILITIES & NET WORTH $10,617,809.00

Balance Sheet For Period Ended December 2018

Member Loans $6,939,478.61 Accounts Payable $45,527.41
Allow for Loan Loss $(29,663.40) Notes Payable $0.00
Accts. Receivable $132.00 Dividends Payable $0.00
Cash $160,384.53 Taxes Payable $15,757.66
Investments- SWCFCU $41,101.02 Accrued Expenses $9,074.98
Investments- CD’s $2,482,463.80 Shares $8,567,786.42
Prepaid Expenses $30,675.21 Regular Reserves $608,443.58
Fixed Assets $328,317.40 G/L $0.00
Accrued Income $17,620.17 Undivided Earnings $1,441,212.37
Other Assets $606.00
NCUA Deposit Investment $77,175.32
Total Assets $10,698,426.66 Total Liab & EQUITY $10,698,426.66

Income & Expense Year to Date

Income From Loans $402,067.58
Income From Investments $43,018.27
Fee Income $46,356.17
Other Income $60,744.11
Total Income $552,186.13
Employee Comp & Ben EXP. $301,777.98
Travel & Education EXP $6,169.02
Office Occupancy EXP $35,656.40
Office Operations EXP $161,359.01
Dividend EXP $91,424.22
Prov for Loan Loss $3,000
Other Oper. Expense $16,191.69
 Non-Operating Gain(loss)  0
Income Before Reserves $(57,214.89)

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