| First Class Credit Union |
Actual YTD |
2006 YTD |
Difference |
Budget YTD |
Difference |
| Balance Sheet |
|
|
|
|
|
| December-07 |
|
|
|
|
|
| Assets |
|
|
|
|
|
| Loans |
32,349,436.35 |
33,981,041.22 |
(1,631,604.87) |
34,660,698.00 |
(2,311,261.65) |
| Loan Accrual |
74,204.45 |
83,381.31 |
(9,176.86) |
82,916.29 |
(8,711.84) |
| Allowance for Loan Loss |
(396,282.81) |
(457,233.66) |
60,950.85 |
(427,200.00) |
30,917.19 |
| Receivables |
8,904.30 |
6,209.98 |
2,694.32 |
3,000.00 |
5,904.30 |
| Cash |
4,377,378.02 |
5,810,780.75 |
(1,433,402.73) |
5,449,252.90 |
(1,071,874.88) |
| Change Fund |
1,200,848.94 |
645,191.55 |
555,657.39 |
1,064,000.00 |
136,848.94 |
| Investments |
1,251,892.84 |
749,522.57 |
502,370.27 |
7,503,518.00 |
(6,251,625.16) |
| Corp Central Investments |
2,646,371.00 |
2,150,024.00 |
496,347.00 |
150,024.00 |
2,496,347.00 |
| Gov't Investments |
4,041,015.00 |
2,989,865.00 |
1,051,150.00 |
- |
4,041,015.00 |
| Other Shares |
1,276,903.24 |
1,269,248.21 |
7,655.03 |
1,332,073.37 |
(55,170.13) |
| Prepaid/Deferred Expense |
59,159.23 |
39,777.48 |
19,381.75 |
29,528.39 |
29,630.84 |
| Fixed Assets Land |
761,632.14 |
761,632.14 |
- |
761,632.14 |
- |
| Fixed Assets Building |
1,328,182.40 |
1,413,233.03 |
(85,050.63) |
1,413,483.27 |
(85,300.87) |
| Fixed Assets Equipment |
213,019.63 |
136,691.59 |
76,328.04 |
85,155.54 |
127,864.09 |
| Accrued Income |
118,352.38 |
44,484.71 |
73,867.67 |
- |
118,352.38 |
| Other Assets |
128,050.16 |
51,855.88 |
76,194.28 |
51,354.62 |
76,695.54 |
| TOTAL ASSETS |
49,439,067.27 |
49,675,705.76 |
(236,638.49) |
52,159,436.52 |
(2,720,369.25) |
| |
|
|
|
|
|
| |
|
|
|
|
|
| Liabilities |
|
|
|
|
|
| Accounts Payable |
97,151.24 |
163,808.66 |
(66,657.42) |
180,680.91 |
(83,529.67) |
| Home Equity Fees Payable |
- |
- |
- |
- |
- |
| Payroll Clearing |
3,449.85 |
1,067.85 |
2,382.00 |
- |
3,449.85 |
| Commissions Payable |
1,875.00 |
2,225.00 |
(350.00) |
2,925.00 |
(1,050.00) |
| Notes/Interest Payable |
- |
- |
- |
- |
- |
| Dividends Payable |
- |
- |
- |
- |
- |
| Dividend Payable IRA Share Cert |
- |
- |
- |
- |
- |
| Dividend Payable Time Savers Cert |
- |
- |
- |
- |
- |
| Dividend Payable Investment Cert |
- |
- |
- |
- |
- |
| Dividend Payable Merger Cert |
- |
- |
- |
- |
- |
| Taxes Payable |
3,081.67 |
5,479.91 |
(2,398.24) |
1,280.00 |
1,801.67 |
| Accrued Expenses |
428,750.51 |
399,244.41 |
29,506.10 |
469,384.61 |
(40,634.10) |
| Shares |
39,823,211.97 |
40,556,703.96 |
(733,491.99) |
42,740,150.00 |
(2,916,938.03) |
| IRA Share Certs |
589,639.02 |
411,243.38 |
178,395.64 |
594,860.56 |
(5,221.54) |
| Timesavers Certs |
1,090,668.70 |
1,396,272.76 |
(305,604.06) |
9,500.00 |
1,081,168.70 |
| Investment Certs |
1,855,104.03 |
1,672,625.65 |
182,478.38 |
2,672,243.37 |
(817,139.34) |
| Merger Certs |
- |
23,111.18 |
(23,111.18) |
- |
- |
| Reserves |
4,525,194.24 |
4,525,204.24 |
(10.00) |
4,525,194.24 |
- |
| Undivided Earnings |
552,698.28 |
518,718.76 |
33,979.52 |
528,114.88 |
24,583.40 |
| sub-total |
48,970,824.51 |
49,675,705.76 |
(704,881.25) |
51,724,333.57 |
(2,753,509.06) |
| |
- |
- |
- |
- |
- |
| NET INCOME |
468,242.76 |
- |
468,242.76 |
435,102.95 |
33,139.81 |
| |
- |
- |
- |
- |
- |
| TOTAL LIABILITIES |
49,439,067.27 |
49,675,705.76 |
(236,638.49) |
52,159,436.52 |
(2,720,369.25) |
|
