2003-'04 Financial Report for the ACFCU 
Back to Current Report
 
INTEREST INCOME:
2003
2004
Interest on Loans
 $ 496,556.80
$ 431,768.48
Income on Investments
 $ 68,264.12
$ 86,286.97
Misc. Operating
 $ 29,222.91
$ 24,734.96
TOTAL
$ 594,043.83
$ 542,790.41
 
DIVIDENDS
$ 198,046.39
$ 194,306.44
 
OPERATING EXPENSES:
Employee Compensation
 $ 94,473.66
$ 98,720.02
Employee Benefits
 $ 28,883.55
$ 30,766.26
Association Dues
 $ 6,565.48
$ 6,922.24
Office Operations
$ 32,812.63
$ 33,183.07
Educational & Promotional
$ 3,338.93
$ 3,422.74
Member Insurance
$ 21,319.72
$ 21,894.62
Provision for Loan Loss
$ 18,000.00
$ 11,000.00
Federal Supv. Exam
$ 2,451.48
$ 1,632.08
Annual Meeting
$ 548.50
$ 541.00
Loan Servicing
$ 2,793.41
$ 2,947.00
Furniture Depreciation
$ 8,288.79
$ 7,653.68
Share Draft Expense
$ 433.24
$ 189.88
Misc. Operating
$ 2,624.23
$ 2,341.47
Professional and Outside Service
$ 6,394.75
$ 4,100.00
Travel & Conference Expense
$ 5,977.71
$ 7,446.42
Cash Over & Short
$ (10.00)
$ 9.99
TOTAL
$ 234,896.08
$ 221,770.47
 
NET INCOME
$161,101.36
$ 115,713.50
 
TOTAL MEMBERS
2182

2206
TOTAL LOANS
1085

1105
TOTAL $ OF LOANS
$5,696,870.05

$ 6,124,367.96
TOTAL $ OF SHARES
$4,716,471.14

$ 5,137,665.60
TOTAL $ OF CERTIFICATES
$4,568,347.60

$ 4,635,158.58
TOTAL $ OF SHARE DRAFTS
$231,551.46

$ 485,486.39
REGULAR RESERVE
$255,705.21

$ 257,530.84
UNDIVIDED EARNINGS
$1,678,542.83

$ 1,792,430.70
 
TOTAL ASSETS
$11,500,773.45
$ 12,358,053.86