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NGH Credit Union Reports |
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BALANCE SHEET AS OF 12-31-06
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ASSETS |
LIABILITIES |
|
Cash |
$1,647,950.00 |
Accounts Payable |
$47,997.00 |
|
Investments |
$1,058,333.00 |
Regular Shares |
$1,186,463.00 |
|
Loans To Members |
$5,259,365.00 |
Certificates |
$1,985,125.00 |
|
(Allowance for
Loss) |
($99,011.00) |
Special Shares |
$1,809,468.00 |
|
Prepaid Expenses |
$27,363.00 |
X-mas & Vac.
Shares |
$55,321.00 |
|
Fixed Assets |
$24,195.00 |
Share Drafts |
$980,374.00 |
|
NCUA |
$57,350.00 |
IRA's |
$305,894.00 |
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|
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Capital |
$1,604,903.00 |
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Total Assets |
$7,975,545.00 |
Total
Liabilities |
$7,975,545.00 |
2006 INCOME & EXPENSE REPORT
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INCOME: |
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Interest on Loans |
$458,066.00 |
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Investments |
$75,941.00 |
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Other Income |
$298,380.00 |
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Total Income |
$832,387.00 |
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LESS: |
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Expenses |
$618,371.00 |
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Dividends |
$134,240.00 |
| |
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NET GROWTH |
$79,776.00 |
LOAN TRENDS
| |
2006 |
2005 |
2004 |
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Number of Loans
Approved |
1402 |
1528 |
1797 |
|
Amount of Loans
Approved |
$2,254,494.00 |
$2,928,020.00 |
$3,092,649.00 |
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Number of Loans
Charged Off |
69 |
71 |
62 |
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Amount of Loans
Charged Off |
$76,946.00 |
$101,674.00 |
$113,614.00 |
|
Percent of Total
Loans CO/Approved |
4.92% |
4.65% |
3.45% |
|
Percent of Amount
Loans CO/Approved |
3.41% |
3.47% |
3.67% |
|
Recovered on
Charged Off Loans |
$50,338.00 |
$47,551.00 |
$56,870.00 |
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Number of Members
Filing Bankruptcy |
15 |
17 |
34 |
|
Amount of
Bankruptcy |
$65,658.00 |
$66,539.00 |
$61,836.00 |
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Balance as
of 12/31 |
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|
|
|
Real Estate Loans |
$1,775,590.00 |
$1,960,695.00 |
$1,907,805.00 |
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Car Loans |
$2,552,713.00 |
$2,709,482.00 |
$2,532,581.00 |
|
Share Secured
Loans |
$56,363.00 |
$65,105.00 |
$86,658.00 |
|
Unsecured Loans |
$868,024.00 |
$908,522.00 |
$1,001,804.00 |
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Other Collateral
Loans |
$6,675.00 |
$16,873.00 |
$24,367.00 |
|
Total Loans |
$5,259,365.00 |
$5,660,677.00 |
$5,553,215.00 |
|
Less Allowance for
Loans Loss |
($99,011.00) |
$77,219.00 |
($67,118.00) |
|
Total Net Loans |
$5,160,354.00 |
$5,737,896.00 |
$5,486,097.00 |
ANNUAL TRENDS
| |
12/06 |
12/05 |
12/04 |
12/03 |
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ASSETS |
$7,974,545.00 |
$777,692.00 |
$7,584,511.00 |
$7,504,081.00 |
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DEPOSITS |
$6,322,645.00 |
$6,191,084.00 |
$6,117,934.00 |
$6,139,586.00 |
|
LOANS |
$5,259,365.00 |
$5,660,677.00 |
$5,553,215.00 |
$5,354,039.00 |
|
CAPITAL |
$1,604,903.00 |
$1,524,414.00 |
$1,413,658.00 |
$1,312,218.00 |
|
MEMBERS |
2542 |
2412 |
2344 |
2199 |
|
LOAN/DEPOSITS |
83.18% |
91.43% |
90.77% |
87.21% |
|
DEPOSITS/ASSETS |
79.28% |
79.60% |
80.66% |
81.82% |
|
CAPITAL/ASSETS |
20.12% |
19.60% |
18.64% |
17.49% |
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