Exceptional Member Value Throughout the Year

NFCU_StatementInsert_Artwork_v2

Capture

CONSOLIDATED STATEMENT OF INCOME
December 31, 2012
INTEREST INCOME
Interest and Fees on Loans  $41,889,404
Interest on Investments  $3,647,948
 $45,537,352
INTEREST EXPENSE  $7,404,386
Net Interest Income  $38,132,966
Provision for Loan Losses  $5,086,741
Net Interest Income after
Provision for Loan Losses
 $33,046,225
Other Operating Income  $20,117,823
OPERATING INCOME
Before Operating Expenses  $53,164,048
OPERATING EXPENSE
Employee Expense  $21,067,626
Operating Expense  $20,077,499
TOTAL OPERATING EXPENSE  $41,145,125
Net Income (Loss) Before
Minority Interest  $12,018,923
Less: Minority Interest Earnings  $236,098
NET INCOME  $11,782,825

 

CONSOLIDATED STATEMENT OF FINANCIAL CONDITION
December 31, 2012
ASSETS
Cash and Cash Equivalents  $94,922,668
LOANS TO MEMBERS
Less: Allowance for Loan Losses of $8,552,574  $752,005,382
INVESTMENTS  $244,782,192
OTHER ASSETS  $132,025,469
TOTAL ASSETS  $1,223,735,711
LIABILITIES AND MEMBERS’ EQUITY
Members’ Share Accounts  $1,076,454,636
Payables and Other Liabilities  $16,405,141
TOTAL LIABILITIES  $1,092,859,777
TOTAL MEMBERS’ EQUITY  $130,308,901
Minority Interest  $567,033
TOTAL LIABILITIES AND MEMBERS’ EQUITY  $1,223,735,711