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