Statement of Condition as of December 2014

Statement of Condition as of January 2017

ASSETS

Cash and Investments $1,728,208.85
Loans $7,744,655.16
Office Buildings and Equipment $323,676.28
Other Assets $65,235.86
TOTAL ASSETS $9,861,776.15

LIABILITIES

Members Deposits $7,671,881.48
Reserves $2,077,201.49
Other Liabilities $112,693.18
TOTAL LIABILITIES & NET WORTH $9,861,776.15

 

Balance Sheet For Period Ended December 2016

Member Loans $7,754,664.13 Accounts Payable $177,646.33
Allow for Loan Loss $(46,420.33) Notes Payable $0.00
Accts. Receivable $1,817.88 Dividends Payable $0.00
Cash $247,359.97 Taxes Payable $1,070.19
Investments- SWCFCU $504,845.74 Accrued Expenses $7,700.00
Investments- CD’s $1,192,454.39 Shares $7,817,332.42
Prepaid Expenses $9,209.80 Regular Reserves $608,443.58
Fixed Assets $322,506.37 G/L $0.00
Accrued Income $19,106.02 Undivided Earnings $1,468,177.29
Other Assets $553.00
NCUA Deposit Investment $74,272.84
Total Assets $10,080,369.81 Total Liab & EQUITY $10,080,369.81

 

Income & Expense Year to Date

Income From Loans $450,565.46
Income From Investments $15,560.32
Fee Income $64,745.02
Other Income $78,851.57
Total Income $609,722.37
Employee Comp & Ben EXP. $285,860.14
Travel & Education EXP $2,872.03
Office Occupancy EXP $36,815.74
Office Operations EXP $134,805.17
Dividend EXP $59,398.55
Prov for Loan Loss $56,550.00
Other Oper. Expense  $7,148.06
 Non-Operating Gain(loss)Income Before Reserves  $26,272.68

 

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