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Credit Union
Hours are as follows: Monday
- Thursday
9:00 am to 5:00 pm Friday
9:00 am to 5:30 pm Saturday--Drive
Up
Only
9:00 am 12:00 pm |
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TEACHERS
CREDIT UNION - Financials
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MONTHLY
STATEMENT OF FINANCIAL CONDITION
31-December-07
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| Loans
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7,751,496.00 |
7,077,703.00 |
| Allowance
for Loan Loss |
(72,910.00) |
(49,761.00) |
| Cash
On Hand |
872,835.00 |
1,193,095.00 |
| Investments |
4,648,482.00 |
5,239,885.00 |
| Fixed
Assets |
289,990.00 |
305,237.00 |
| Other
Assets |
52,323.00 |
44,864.00 |
| TOTAL
ASSETS |
13,542,216.00 |
13,811,023.00 |
| LIABILITIES |
| Accrued
Dividends |
636.00 |
584.00 |
| Other
Liabilities |
17,927.00 |
19,933.00 |
| Members
Equity |
10,676,278.00 |
11,149,721.00 |
| Regular
Reserve |
529,639.00 |
529,639.00 |
| Undivided
Earnings |
2,317,736.00 |
2,111,146.00 |
| TOTALS |
13,542,216.00 |
13,811,023.00 |
| STATEMENT
OF INCOME AND EXPENSE |
| Total
Income |
892,418.00 |
825,692.00 |
| Less
Operating Expenses |
(609,958.00) |
(617,951.00) |
| TOTALS |
282,460.00 |
207,741.00 |
| DISTRIBUTION
OF NET INCOME |
| Member
Dividends |
75,869.00 |
63,030.00 |
| Reserves/Undivided
Earnings |
2,847,375.00 |
2,496,073.00 |
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| We
certify to the best of our knowledge and belief, this
statement and related statements are true and correct
and present fairly the financial position and results
of operations for the periods covered. |
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2315
Prairie Ave., Beloit,
WI 53511
