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Financial Report


Reed Credit Union
FINANCIAL REPORT
STATEMENT OF CONDITION
AS OF DECEMBER 31, 2017

ASSETS

 

LOANS                   2,331,797
LOAN LOSS RESERVE                        (6,106)
INVESTMENTS                14,637,123
CASH                      253,118
FIXED ASSETS                        48,770
OTHER ASSETS                      136,147
TOTAL ASSETS                17,400,849

 


LIABILITIES & EQUITY

 

ACCOUNTS PAYABLE                        23,592
OTHER LIABILITIES                        24,536
DEPOSITS                14,875,297
EQUITY                  2,477,424
TOTAL LIABILITES & EQUITY                17,400,849
                             

 

 

 

 

INCOME & EXPENSES
TOTAL INCOME                      376,970
TOTAL FUNDS COST                      (22,130)
TOTAL EXPENSES                    (395,014)
NET INCOME(X-FER FROM UNDIVIDED EARNINGS)                      (40,174)
                     

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