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Financial Report


Reed Credit Union
FINANCIAL REPORT
STATEMENT OF CONDITION
AS OF DECEMBER 31, 2018

ASSETS

 

LOANS                   2,692,687
LOAN LOSS RESERVE                      (10,368)
INVESTMENTS                13,640,484
CASH                      273,680
FIXED ASSETS                        48,212
OTHER ASSETS                      136,840
TOTAL ASSETS                16,783,535

 


LIABILITIES & EQUITY

 

ACCOUNTS PAYABLE                        5,375
OTHER LIABILITIES                        26,847
DEPOSITS                14,260,771
EQUITY                  2,490,542
TOTAL LIABILITES & EQUITY                16,783,535
                             

 

 

 

 

INCOME & EXPENSES
TOTAL INCOME                     469,112
TOTAL FUNDS COST                      (35,133)
TOTAL EXPENSES                    (420,861)
NET INCOME(X-FER FROM UNDIVIDED EARNINGS)                      (13,118)
                     

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