'98-'99 Financial Report for the ACFCU
 
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INTEREST INCOME:
1998
1999
Interest on Loans
$ 460,297.91
$ 466,319.88
Income on Investments
$ 49,590.41
$ 111,801.54
Misc. Operating
$ 5,230.29
$ 9,918.18
TOTAL
$ 515,118.61
$ 588,039.60
 
DIVIDENDS
$ 228,390.35
$ 297,051.73
 
OPERATING EXPENSES:
Employee Compensation
$ 59,212.19
$ 66,946.17
Employee Benefits
$ 11,154.25
$ 11,977.71
Association Dues
$ 3,896.86
$ 4,462.50
Office Operations
$ 25,807.87
$ 27,908.53
Educational & Promotional
$ 2,818.76
$ 5,965.73
Member Insurance
$ 9,636.66
$ 15,485.01
Provision for Loan Loss
$ 12,000.00
$ 9,000.00
Federal Supv. Exam
$ 1,409.26
$ 1,765.40
Annual Meeting
$ 302.33
$ 477.75
Loan Servicing
$ 1,373.11
$ 1,954.44
Furniture Depreciation
$ 4,668.81
$ 5,456.84
Share Draft Expense
$ 362.41
$ 284.68
Misc. Operating
$ 478.71
$ 1,741.01
Professional and Outside Service
 $ 7,624.60
$ 4,816.32
Travel & Conference Expense
 $ 509.00
$ 76.14
Cash Over & Short
 $ 0.28
$ (11.23)
TOTAL
$ 141,255.10
$ 158,307.00
 
NET INCOME
$ 145,473.16
$ 132,680.87
 
TOTAL MEMBERS
1805
1917
TOTAL LOANS
1012
1008
TOTAL $ OF LOANS
$ 5,088,890.18
$ 5,033,534.72
TOTAL $ OF SHARES
$ 2,388,234.80
$ 2,659,217.35
TOTAL $ OF CERTIFICATES
$ 2,838,407.51
$ 3,371,829.68
TOTAL $ OF SHARE DRAFTS
$ 97,299.58
$ 153,496.68
REGULAR RESERVE
$ 186,613.72
$ 207,015.70
UNDIVIDED EARNINGS
$ 1,048,176.42
$ 1,160,455.31
 
TOTAL ASSETS
$ 6,624,392.12
$ 7,622,538.52