|
|
|
FORSYTH COUNTY EMPLOYEES CREDIT UNION
|
|
STATEMENT OF
CONDITION
AUGUST
31, 2008
|
|
|
|
| ASSETS |
|
|
2008 |
|
|
2007 |
| Loans |
|
$ |
3,908,297.95 |
|
$ |
4,482,528.73 |
| Allowance for Loan Losses |
|
$ |
(24,088.77) |
|
$ |
(44,713.51) |
| Cash |
|
$ |
323,403.71 |
|
$ |
98,883.87 |
|
Investments
|
|
$ |
1,888,899.43 |
|
$ |
1,903,774.08 |
| Other Assets |
|
$ |
73,611.59 |
|
$ |
92,074.87 |
| TOTAL ASSETS |
|
$ |
6,170,123.91
|
|
$ |
6,532,548.04 |
|
|
| LIABILITIES & RETAINED INCOME |
| Accounts Payable |
|
$ |
26,699.65 |
|
$ |
27,441.78 |
| Shares |
|
$ |
5,174,656.92 |
|
$ |
5,550,603.51 |
|
|
| RETAINED INCOME |
| Reserves |
|
$ |
439,666.46 |
|
$ |
439,666.46 |
| Unappropriated |
|
$ |
529,100.88 |
|
$ |
514,836.29 |
|
|
| TOTAL LIABILITIES & RETAINED INCOME |
|
|
$ |
6,170,123.91 |
|
$ |
6,532,548.04 |
|
|
|
|
|
|
|
|
|