Annual Report.indd - Liberty Online
Annual Report.indd - Liberty Online
Annual Report.indd - Liberty Online
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2008 Statement of Condition<br />
Assets<br />
Liabilities<br />
Equity<br />
Cash<br />
Investments<br />
Mortgage Servicing Rights<br />
Auto Servicing Rights<br />
Loans<br />
Mortgage Loans Sold<br />
Auto Loans Sold<br />
Net Loans<br />
Accounts Receivable<br />
Allowance for Loan Loss<br />
Prepaid Assets<br />
Fixed Assets<br />
Other Assets<br />
Total Assets<br />
Dividends Payable<br />
Taxes Payable<br />
Employee Insurance Payable<br />
Accounts Payable<br />
Other Liabilities<br />
Total Liabilities<br />
Member Shares<br />
Regular Reserves<br />
Undivided Earnings<br />
Unrealized Gain/Loss<br />
Total Reserves<br />
Total Equity<br />
Total Equity & Liabilities<br />
7,866,728.99<br />
7,913,605.50<br />
12,862.69<br />
7,008.56<br />
132,378,685.59<br />
(1,303,042.85)<br />
(1,910,346.14)<br />
129,165,296.60<br />
108,195.37<br />
(1,060,029.98)<br />
217,193.40<br />
5,393,356.17<br />
1,752,545.93<br />
$ 151,376,763.23<br />
259,750.62<br />
2,923.64<br />
11,551.01<br />
951,818.03<br />
52,110.63<br />
$ 1,278,153.93<br />
137,270,884.53<br />
4,701,161.49<br />
8,112,170.55<br />
14,392.73<br />
12,827,724.77<br />
150,098,609.30<br />
$ 151,376,763.23<br />
*In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Pelican State Credit Union as of December 31, 2008, the<br />
consolidated financial position of Pelican State Credit Union and Subsidiary as of December 31, 2007, the consolidated results of its operations and its cash flows for the years then<br />
ended, in conformity with accounting principles generally accepted in the United States of America.<br />
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