Annual Financial Report for the ACFCU 
Past Reports: 1998-99 | 1999-2000 | 2000-01 | 2001-02 | 2002-03 | 2003-04 | 2004-05 | 2005-06
 
INTEREST INCOME
2006
2007
Interest on Loans
$ 459,289.44
$ 507,308.64
Income on Investments
$ 280,609.44
$ 366,401.14
Misc. Operating
$ 29,939.82
$ 55,968.10
TOTAL
$ 769,838.70
$ 929,677.88
 
DIVIDENDS
$ 335,824.57
$ 441,357.91
 
OPERATING EXPENSES:
Employee Compensation
$ 114,050.44
$ 121,397.94
Employee Benefits
$ 35,953.24
$ 36,852.98
Association Dues
$ 7,551.79
$ 7,658.36
Office Operations
$ 43,787.80
$ 64,876.87
Rent
$ 4,692.00
$ 4,692.00
Educational & Promotional
$ 4,458.95
$ 4,612.24
Member Insurance
$ 23,265.70
$ 24,802.36
Provision for Loan Loss
$ 15,000.00
$ 24,000.00
Operating Fees (Exam & Supervisory)
$ 2,635.18
$ 2,754.87
Loan Servicing
$ 3,439.94
$ 3,810.73
Furniture Depreciation
$ 3,801.28
$ 10,003.18
Share Draft Expense
$ 1,351.02
$ 890.25
Misc. Operating
$ 4,175.66
$ 4,760.31
Professional and Outside Service
$ 7,049.00
$ 7,774.10
Insurance Expense
$ 6,979.56
$ 7,878.28
Property Taxes (Personal)
$ 299.06
$ 156.37
Cash Over & Short
$ (64.54)
$ 127.48
TOTAL
$ 278,426.08
$ 327,048.32
 
NET INCOME
$ 155,588.05
$ 161,271.65
 
TOTAL MEMBERS
2312
2376
TOTAL LOANS
1092
1150
TOTAL $ OF LOANS
$ 6,984,349.44
$ 7,092,281.92
TOTAL $ OF SHARES
$ 5,171,117.12
$ 4,777,585.89
TOTAL $ OF CERTIFICATES
$ 5,769,769.52
$ 7,463,828.24
TOTAL $ OF SHARE DRAFTS
$ 373,935.19
$ 413,222.45
REGULAR RESERVE
$ 241,938.49
$ 232,938.49
UNDIVIDED EARNINGS
$ 2,099,940.47
$ 2,252,040.86
 
TOTAL ASSETS
$ 13,748,739.13
$ 15,274,245.26
CHARGE OFFS
$ 15,929.73
$ 33,600.85
CHARGE OFF RECOVERY
$ 2,366.86
$ 7,767.75