2003 Annual Report

STATISTICAL INFORMATION

Number of Members
Potential Members
Number of Loans
Amt. Loaned for Year
2003
6,546
9,500
1,384
8,990,711
2002
6,525
9,500
1,423
8,720,549

TREASURER'S REPORT
COMPARATIVE BALANCE SHEET
As of December 31, 2003

 
ASSETS 2003 2002
Loans $16,279,174 $15,474,670
Allowance for Loan Losses (41,994) (86,833)
Cash 752,087 707,399
Investments 11,697,313 8,538,436
Furniture & Fixtures 244,070 259,436
NCUSIF Deposit 219,539 202,212
Other Assets 911,567 422,574
TOTAL ASSETS $30,061,756 $25,517,894
Click here to go back to the main page.
Click here to find the location nearest you.
There are many advantages to being a member!
Click here for on-line banking.
Please check out the many services that we offer.
Click here to view our annual report.
Click here to contact us.
Click here for a list of helpful links.
Click here for our latest newsletter.
   

LIABILITIES
Accounts Payable


TOTAL LIABILITIES


EQUITY
Shares
Checking
Certificates
IRAs
Clubs
Regular Reserve
Undivided Earnings


TOTAL EQUITY



TOTAL LIABILITIES & EQUITY



$208,073


$208,073



$15,063,606
5,004,528
6,409,852
252,623
656,839
623,706
1,842,529


$29,853,683



$30,061,756



$191,130


$191,130



$12,897,896
3,420,142
5,735,918
202,597
731,951
623,706
1,714,554


$25,326,764



$25,517,894



TREASURER'S REPORT
STATEMENT OF INCOME AND EXPENSES
As of December 31, 2003

INTEREST INCOME
Interest/Loans
Investment Income


TOTAL INCOME


INTEREST EXPENSE
Dividends


NET INTEREST INCOME
Provision Loan Losses


NET INTEREST INCOME AFTER
PROVISION LOAN LOSSES



2003
$1,150,187
149,440


$1,299,627



319,073


$980,554
(8,500)



$972,054


2002
$1,309,662
173,722


$1,483,384



410,730

$1,072,654
(22,750)



$1,049,904


OTHER OPERATING INCOME
Other Income



$280,006



$293,469


OPERATING EXPENSES
Compensation
Employee Benefits
Travel & Conference
Association Dues
Data Processing
Office Operations
Stillwater Operations
Educational & Promotional
Loan Servicing
Outside Services
Miscellaneous


TOTAL OPERATING EXPENSES



NET INCOME



$480,766
119,042
13,884
42,381
209,879
151,152
53,339
10,786
24,284
8,067
10,505


$1,124,085



$127,975



$463,082
101,746
11,610
39,423
215,506
146,300
47,611
17,290
23,049
12,980
7,332


$1,085,929



$257,444




BOARD OF DIRECTORS

Ann Dyer Chairperson
Randa Shirland Vice Chairperson
Paul Baillaregon Treasurer
Annette Buchanan Secretary
Jan Byard Director
Berta Burbank Director
Tom Kohlmeyer Director
Susan More Director
Mary Turner Director



SUPERVISORY COMMITTEE

Michael Peterson, Chairperson

Paul Wetherbee

Chad Smith

Linda Arnold

Sally Porter

 





OFFICE STAFF

Ralph Ferland President/Manager
Mary Jo Freeman Vice President/Sr. Loan Officer
Marian Deschene Loan Officer
Carmen Higgins Operations Manager
Sarah Gardiner VISAŽ Manager/Bookkeeper
Jackie Tribou Teller Supervisor
Lorraine Carson Teller Supervisor
Dianne Ballard Loan Clerk/Indirect Coordinator
Debra White Teller
Kelly Babcock Teller
Denise Smart Teller
Amy Harris Teller
Karla Seavey Teller
Glenna Burleigh  Part-time Teller
Alison MacKenzie Part-time Teller

 

 

   

home - locations - advantages - pc connection - services - annual report - contact us - links - newsletter - loan calculator - privacy statement