2004-'05 Financial Report for the ACFCU 
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INTEREST INCOME
2004
2005
Interest on Loans
$ 431,768.48
$ 439,825.03
Income on Investments
$ 86,286.97
$ 181,164.11
Misc. Operating
$ 24,734.96
$ 28,705.82
TOTAL
$ 542,790.41
$ 649,694.96
 
DIVIDENDS
$ 194,306.44
$ 255,079.58
 
OPERATING EXPENSES:
Employee Compensation
$ 98,720.02
$ 107,119.42
Employee Benefits
$ 30,766.26
$ 33,831.87
Association Dues
$ 6,922.24
$ 7,387.08
Office Operations
$ 33,183.07
$ 41,171.65
Educational & Promotional
$ 3,422.74
$ 5,552.88
Member Insurance
$ 21,894.62
$ 22,034.75
Provision for Loan Loss
$ 11,000.00
$ 12,000.00
Federal Supv. Exam
$ 1,632.08
$ 2,764.77
Annual Meeting
$ 541.00
$ 601.50
Loan Servicing
$ 2,947.00
$ 3,319.27
Furniture Depreciation
$ 7,653.68
$ 6,705.50
Share Draft Expense
$ 189.88
$ 1,493.08
Misc. Operating
$ 2,341.47
$ 2,684.21
Professional and Outside Service
$ 4,100.00
$ 4,745.00
Travel & Conference Expense
$ 7,446.42
$ 6,907.47
Cash Over & Short
$ 9.99
$ (32.44)
TOTAL
$ 221,770.47
$ 258,286.01
 
NET INCOME
$ 115,713.50
$ 136,329.37
 
TOTAL MEMBERS

2206

2246
TOTAL LOANS

1105

1078
TOTAL $ OF LOANS

$ 6,124,367.96

$ 6,555,526.24

TOTAL $ OF SHARES

$ 5,137,665.60

$ 5,056,896.19

TOTAL $ OF CERTIFICATES

$ 4,635,158.58

$ 5,202,842.15

TOTAL $ OF SHARE DRAFTS

$ 485,486.39

$ 326,617.67

REGULAR RESERVE

$ 257,530.84

$ 248,530.84

UNDIVIDED EARNINGS

$ 1,792,430.70

$ 1,904,071.39

 
TOTAL ASSETS
$ 12,358,053.86
$ 12,842,164.31