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Read our 2009 Annual Report.
Below is Touchstone FCU's Statement of Financial Condition for 2007 and 2008.
Assets
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|
2008
|
2009
|
|
Loans
|
$13,517,088.00
|
$14,002,575.00
|
Allowance
|
($189,554.00)
|
($49,424.00)
|
|
Net Loans
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$13,327,534.00
|
$13,953,151.00
|
|
Cash
|
$262,944.00
|
$285,704.00
|
|
Investments
|
$3,783,497.00
|
$4,801,323.00
|
|
Fixed Assets
|
$72,704.00
|
$171,809.00
|
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Other Assets
|
$111,509.00
|
$80,498.00
|
|
Total Assets
|
$17,558,188.00
|
$19,292,485.00
|
Liabilities
|
|
2008
|
2009
|
Liabilities
|
$416,243.00
|
($97,122.00)
|
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Shares
|
$15,689,125.00
|
$18,038,906.00
|
|
Equity
|
$1,452,820.00
|
$1,350,701.00
|
|
Total Liabilities & Equity
|
$17,558,188.00
|
$19,292,485.00
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Income
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2008
|
2009
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Income on Loans
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$860,809.00
|
$796,032.00
|
|
Income on Investments
|
$155,114.00
|
$221,839.00
|
|
Other Income
|
$212,547.00
|
$225,406.00
|
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Total Income
|
$1,228,470.00
|
$1,243,277.00
|
Expenses
|
|
2008
|
2009
|
|
Compensation & Benefits
|
$436,471.00
|
$433,295.00
|
|
Travel & Conf.
|
$9,976.00
|
$5,921.00
|
|
Operating Expenses
|
$429,801.00
|
$452,514.00
|
|
Promotional Expenses
|
$40,463.00
|
$30,123.00
|
|
Prov Loan Loss
|
$162,506.00
|
$69,467.00
|
|
NCUA Fees
|
$3,689.00
|
$4,062.00
|
|
Annual Meeting
|
$987.00
|
$913.00
|
|
Misc. Operating Expenses
|
$4,913.00
|
$34,117.00
|
|
Total Expenses
|
$1,088,806.00
|
$1,030,412.00
|
|
Income From Operations
|
$139,664.00
|
$212,865.00
|
|
Dividends to Members
|
$281,393.00
|
$215,140.00
|
|
Income After Dividends
|
($141,729.00)
|
($2,275.00)
|
NCUSIF
NCUSID Stabilization Expense
|
|
($103,882.00) |
| Net Income after NCUSIF Expense |
|
($106,157.00) |
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