2001-'02 Financial Report for the ACFCU 
 
INTEREST INCOME:
2001
2002
Interest on Loans
 $ 539,794.78
 $ 510,970.25
Income on Investments
 $104,050.29
 $ 76,524.66
Misc. Operating
 $ 15,820.18
 $ 16,065.83
TOTAL
 $ 659,665.25
$ 603,560.74
 
DIVIDENDS
 $ 336,136.86
$ 249,695.70
 
OPERATING EXPENSES:
Employee Compensation
 $ 84,886.13
 $ 89,321.51
Employee Benefits
 $ 21,028.93
 $ 29,900.37
Association Dues
 $ 5,795.72
 $ 6,082.14
Office Operations
 $ 32,445.33
 $ 41,943.13
Educational & Promotional
 $ 2,563.06
 $3,522.76
Member Insurance
 $ 18,096.54
 $ 7,982.57
Provision for Loan Loss
 $ 29,334.00
 $ 21,000.00
Federal Supv. Exam
 $ 1,863.16
 $ 2,168.93
Annual Meeting
 $ 425.50
 $ 493.50
Loan Servicing
 $ 2,652.13
 $ 2,749.63
Furniture Depreciation
 $ 2,634.44
 $ 4,433.81
Share Draft Expense
 $ 206.03
 $ 255.71
Misc. Operating
 $ 2,784.26
 $ 2,079.09
Professional and Outside Service
 $ 5,918.92
 $ 3,399.62
Travel & Conference Expense
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Cash Over & Short
 $ 19.00
 $ 119.50
TOTAL
 $ 210,653.15
$ 215,452.27
 
NET INCOME
$ 112,875.24
$ 138,412.77
 
TOTAL MEMBERS
2109
2134
TOTAL LOANS
1083
1082
TOTAL $ OF LOANS
   $ 5,835,521.09
   $ 5,665,518.56
TOTAL $ OF SHARES
 $ 3,241,764.14
   $ 4,395,430.02
TOTAL $ OF CERTIFICATES
 $ 4,152,777.25
   $ 4,253,399.44
TOTAL $ OF SHARE DRAFTS
  $ 192,799.31
   $ 256,127.91
REGULAR RESERVE
   $ 234,824.96
   $ 244,003.00
UNDIVIDED EARNINGS
  $ 1,399,908.95
   $1,529,143.68
 
TOTAL ASSETS
$ 9,292,751.14
$ 10,731,875.93