|
Statement of Financial
Condition
|
Summary Financial Information |
|
|
|
|
|
|
MILFORD FEDERAL CREDIT UNION |
|
|
|
|
|
|
|
|
|
|
2006 |
|
2007 |
%
Chg |
| ASSETS: |
Amount |
|
Amount |
|
| Cash & Equivalents |
1,969,715 |
|
2,622,731 |
24.9% |
| TOTAL INVESTMENTS |
5,104,716 |
|
4,599,904 |
-11.0% |
| Loans Held for Sale |
183,806 |
|
181,412 |
-1.3% |
|
|
|
|
|
| Real Estate Loans |
830,887 |
|
759,237 |
-9.4% |
| Unsecured Loans |
574,655 |
|
553,510 |
-3.8% |
| Other Loans |
694,808 |
|
454,780 |
-52.8% |
| TOTAL LOANS |
2,100,350 |
|
1,767,527 |
-18.8% |
| (Allow. Ln & Lease
Losses) |
(16,334) |
|
(33,616) |
51.4% |
| Other Fixed Assets |
45,763 |
|
33,065 |
-38.4% |
| NCUSIF Deposit |
81,832 |
|
80,358 |
-1.8% |
| All Other Assets |
220,502 |
|
217,086 |
-1.6% |
| TOTAL ASSETS |
9,690,350 |
|
9,468,467 |
-2.3% |
|
|
|
|
|
| LIABILITIES & CAPITAL: |
|
|
|
|
| Dividends Payable |
167,360 |
|
176,214 |
5.0% |
| TOTAL
LIABILITIES |
167,360 |
|
176,214 |
5.0% |
| Share Drafts |
1,419,115 |
|
1,122,602 |
-26.4% |
| Regular shares |
6,095,399 |
|
5,701,748 |
-6.9% |
| All Other Shares &
Dep. |
1,030,426 |
|
1,451,880 |
29.0% |
| TOTAL SHARES &
DEPOSITS |
8,544,940 |
|
8,276,230 |
-3.2% |
| Regular Reserve |
164,273 |
|
164,273 |
0.0% |
| Undivided Earnings |
813,777 |
|
851,750 |
4.5% |
| TOTAL EQUITY |
978,050 |
|
1,016,023 |
3.7% |
| TOTAL LIAB. &
EQUITY |
9,690,350 |
|
9,468,467 |
-2.3% |
|
|
|
|
|
| INCOME & EXPENSE |
|
|
|
|
| Loan Income |
176,840 |
|
171,661 |
-3.0% |
| Investment Income |
263,015 |
|
316,113 |
16.8% |
| Other Income |
19,577 |
|
26,665 |
26.6% |
| Salaries & Benefits |
196,149 |
|
187,634 |
-4.5% |
| Total Other Oper. Exp. |
168,286 |
|
154,223 |
-9.1% |
| Prov for Loan/Lease
Losses |
0 |
|
25,621 |
100.0% |
| Dividents Paid |
68,034 |
|
108,988 |
37.6% |
| Net Income |
26,963 |
|
37,973 |
29.0% |
|
