|
 |
CAPITOL VIEW CREDIT UNION |
STATEMENT OF FINANCIAL CONDITION AS OF
December 31, 2003 |
|
ASSETS |
CURRENT YEAR |
LAST
YEAR |
Loans
to Members* |
$11,266,111 |
$9,663,388 |
Allowance
for Loan Loss |
($69,485) |
($80,914) |
Cash |
$57,455 |
$69,355 |
Investments
(Book Value) |
$3,028,239 |
$3,498,190 |
| Fixed Assets |
$18,598 |
$22,734 |
Other
Assets |
$37,268 |
$33,563 |
NCUA
Capitalization Deposit |
$117,014 |
$110,452 |
|
Total
Assets |
$14,455,200 |
$13,288,545 |
|
LIABILITIES AND EQUITY |
|
|
|
Shares
and Deposits |
$12,750,543 |
$11,810,448 |
Accounts
Payable and Other |
$21,428 |
$21,050 |
| Dividends Payable |
$0 |
$0 |
Notes
Payable |
$0 |
$0 |
Legal
Reserve & Other Reserves |
$511,346 |
$484,943 |
Undivided
Earnings |
$1,000,327 |
$886,998 |
| Net Income |
$171,556 |
$113,329 |
|
Total
Liabilities and Equity |
$14,455,200 |
$13,316,768
|
|
*Unused Lines of Credit Include: |
MasterCard @ $ 1,806,080 |
|
Home Equity @ $ 635,101 |
|
Capitol View Credit Union
Comparitive
Statement of Income
and Expense December 31, 2003 |
| Income |
|
|
2002 |
2003 |
Change |
Interest
on Loans |
$701,375 |
$686,078 |
$15,297 |
Investment
Income |
$124,137 |
$99,167 |
$24,970 |
Other
Income |
$108,116 |
$152,463 |
$44,347 |
|
Gross
Income |
$933,628 |
$937,708 |
$4,080 |
|
Expense |
Employee
Compensation |
$216,675 |
$238,836 |
$22,161 |
Administrative
Costs |
$18,171 |
$21,330 |
$3,159 |
Office
Rent |
$845
|
$840 |
$5.00 |
Operating
Costs |
$185,350
|
$192,152 |
$6,802 |
Account
Service Costs |
$36,082
|
$32,426 |
$3,656 |
Provision
for Loan Losses |
$61,660 |
$41,528 |
$20,132 |
Legal
Reserve Expense |
$22,393
|
$26,403 |
$4,010 |
Dividend
Expense |
$279,123
|
$212,637 |
$66,486 |
|
Total
Expense |
$820,299
|
$766,152 |
$54,147 |
|
Net
Income |
$113,329 |
$171,556 |
$58,227 |
|
|
