Cooperative Center Federal Credit Union

Annual Report 2019

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BALANCE SHEET Year End 12/31/2018 Year End 12/31/2019 Loans $69,701,918 $67,363,253 Less: Loan Losses Allowance $(648,516) $(437,679) Cash $2,174,030 $3,052,719 Investment $44,402,210 $47,487,620 Fixed Assets $1,739,499 $79,869 Other Assets $1,834,879 $2,669,191 Total Assets $119,204,020 $120,214,973 Accounts Payable & Other Liabilities $682,908 $665,267 CDFI Secondary Capital Note Due $559,800 $1,119,600 Shares $111,526,168 $108,308,545 Regular Reserves $2,207,593 $2,207,593 Undivided Earnings $1,988,351 $6,234,568 CDFI Treasury Loan (Secondary Capital) $2,239,200 $1,679,400 Total Liabilities and Equity $119,204,020 $120,214,973 Treasurer's Report Mike L eung Treasurer, Board of Directors By the Numbers: Asset Growth: Loan Growth: Shares Growth: 2019 2019 $108.3M 619 2016 $107.8M 2017 $109.8M 2018 $111.5M New Members: 1 Formula for calculating Capital Ratio: Including CDFI Treasury Loan (Secondary Capital) = (Regular Reserves + Undivided Earnings + CDFI Treasury Loan) / Assets 2 Excluding CDFI Treasury Loan (Secondary Capital) = (Regular Reserves + Undivided Earnings) / (Assets-Secondary Capital) INCOME STATEMENT Year End 12/31/2018 Year End 12/31/2019 Loan $3,241,480 $2,948,756 Investment $905,411 $1,103,680 *Interest Income $4,146,891 $4,052,436 Less: Interest on Borrowed Funds $101,275 $248,213 Less: Dividends $75,647 $71,169 Interest Margin $3,969,969 $3,733,054 Less: Cost of Operations $4,908,139 $6,270,094 Plus: Fee Income $828,787 $611,896 *Net Operating Income $(109,383) $(1,925,144) Less: Provision Expense $627,771 $304,718 Plus: Other Income $377,891 $6,476,078 Other Gains & Losses $0 $0 Net Income (Loss) $(359,263) $4,246,216 Co-op Stores and Other Cooperatives 772 Online Banking 57% Mobile Banking 57% E-Statements 32% Bill Pay 14% South Berkeley Dev Corp 686 Alta Bates 515 All Other Charter Groups including Labor Unions and Non-Profits 429 Members & Charter Groups: Electronic Services Enrollment 2016 954 2017 794 2018 2016 $23.1M 2017 $22.1M 2018 $22.4M 612 2019 2019 $120.2M $25.7M 2016 $116.2M 2017 $117.5M 2018 $119.2M consumer and mortgage loans excluding participations Percentage of Membership as of 2/29/20 Cooperative Center FCU Capital Ratio as of 12/31/2019: Including CDFI Treasury Loan (Secondary Capital) = $10,121,561 / $120,214,973 = 8.42% 1 Excluding CDFI Treasury Loan (Secondary Capital) = $8,442,161 / $118,535,573 = 7.12% 2 Family Members of Cooperative Center Members 2,574 Berkeley Chamber 2,231 UC Berkeley 1,373

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