Financial Report as of December 2016
Loans $3,416,152.56
Cash $ 1,110,521.08
Investments $ 797,000.00
Other Assets $ 55,718.16
TOTAL ASSETS $5,379,391.80
Toatl Liabilities $18,739.73
Total Equity $5,360,652.07
Total Liabilities and Equity 5,379391.80
Income statement as of December 2016
Total Income $349,988.21
Total Expenses $291,688.86
Total cost of Funds $16,308.98
Total Net Income $41,991.27
State Examiners performed annual audit March 4,2016 audit concluded that NCE Credit Union is safe sound, and financially strong, Net worth poisition is strong, asset quality is positive, earnings performance is positive as evident by ROAA. If you have any questions please come by the Credit Union during business hours.
