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Financial Report


Reed Credit Union
FINANCIAL REPORT
STATEMENT OF CONDITION
AS OF DECEMBER 31, 20
20

ASSETS

 

LOANS                  2,966,322
LOAN LOSS RESERVE                     (18,967)
INVESTMENTS                13,508,782
CASH                      439,380
FIXED ASSETS                        38,311
OTHER ASSETS                      126,551
TOTAL ASSETS                17,060,379

 


LIABILITIES & EQUITY

 

ACCOUNTS PAYABLE                         9,503
OTHER LIABILITIES                       61,019
DEPOSITS                14,444,172
EQUITY                  2,543,685
TOTAL LIABILITES & EQUITY                17,060,379
                             

 

 

 

 

INCOME & EXPENSES
TOTAL INCOME                     528,568
TOTAL FUNDS COST                      (77,991)
TOTAL EXPENSES                    (426,601)
NET INCOME(X-FER FROM UNDIVIDED EARNINGS)                      23,976
                     

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