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Financial Report


Reed Credit Union
FINANCIAL REPORT
STATEMENT OF CONDITION
AS OF DECEMBER 31, 201
9

ASSETS

 

LOANS                   2,576,076
LOAN LOSS RESERVE                      (12,880)
INVESTMENTS                13,358,373
CASH                      380,814
FIXED ASSETS                        45,941
OTHER ASSETS                      133,495
TOTAL ASSETS                16,481,819

 


LIABILITIES & EQUITY

 

ACCOUNTS PAYABLE                       10,739
OTHER LIABILITIES                        30,677
DEPOSITS                13,920,693
EQUITY                  2,519,710
TOTAL LIABILITES & EQUITY                16,481,819
                             

 

 

 

 

INCOME & EXPENSES
TOTAL INCOME                     500,853
TOTAL FUNDS COST                      (70,673)
TOTAL EXPENSES                    (401,013)
NET INCOME(X-FER FROM UNDIVIDED EARNINGS)                      29,167
                     

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