Financials

Audited Statements of Financial Condition
December 31, 2014 and 2013

Assets	2014	2013
Cash and cash equivalents	$1,386,519	$1,915,827
Investments	17,308,849	14,865,237
Loans, net	33,089,178	32,741,804
Property and equipment, net	55,478	60,638
Other real estate owned	0	0
NCUSIF deposit	480,393	468,898
Accrued interest receivable	96,823	87,012
Other assets	3,274,113	3,152,814
Total Assets	$55,691,353	$53,292,230
Liabilities and Members' Equity	2014	2013
Members' shares	48,541,915	46,410,188
Accrued expenses and other liabilities	881,188	732,687
Total liabilities	49,423,103	47,142,875
Members' equity	6,268,250	6,149,355
Total liabilities and members' equity	$55,691,353	$53,292,230

Audited Statements of Income
December 31, 2014 and 2013

Interest Income	2014	2013
Loans	$2,011,879	$1,980,102
Cash, cash equivalents and certificates of deposit	82,466	71,886
Total interest income	2,094,345	2,051,988
Interest Expense	2014	2013
Members' shares	125,770	171,322
Net interest income	1,968,575	1,880,666
Provision for Loan Losses	142,800	1,500
Net interest income after provision for loan losses	1,828,775	1,879,166
Non-interest Income	2014	2013
Fees and charges	356,979	419,635
Other non-interest income	191,412	196,391
Total non-interest income	548,391	616,026
Non-interest Expense	2014	2013
Compensation and benefits	1,219,578	1,141,271
Other	1,035,693	1,148,680
Total non-interest expense	2,255,271	2,289,951
Net income	$118,895	$205,241