The Independent-News, Walkerton, St. Joseph County, 3 March 1983 — Page 12

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- THE INDEPENDENT-NEWS - MARCH 3, IM3

DE POSIT/LOAN ACTIVITY PER OFFICE f J”” ' 11 I Main Office Walkerton Plymouth Mishawaka Lincoinway West Warsaw Scottsdale Deposits $67 15298807 $8476.37052 $8,338,067 43 $ 27,835.643 84 $18,449.623 50 $ 2814 42286 $ 6 370 153 51 Loans $25,614,236 14 $4,038.55055 $ 3,647.509 56 $13,331,195.30 $ 7,919.75701 $1.08839680 $ 1 593,881 85 Shown above are architects drawings of new buildings planned for 1983 opening in Plymouth & Walkerton

( —*—" l • Deposits up 45% ($45,000,000) In 1982 a f 1 / I • 4,400 new members in 1982 f ( I SgS^SEg^J I • Dividends up 53% (over $lO millton) In 1982 I ) ( ¥ \ • Loans up 18% ($9,500,000) In 1982 I I P’***’ —"" ~ I ■ ** > / • Are you a member of Teachers Credit Union or eligible to be a member? 1 • If a member, are you taking advantage of all the services I I available to you? { 1 • Stop In soon at the office nearest you. ( | " I—— 1 —— ~ atSSES GROWIN' STRONG

OPERATING STATEMENT 1982 1981 Interest on Loans 7,642,494.52 6,466,843 29 Income from Investments 8,258,427.94 4,125,67708 Other Income 408,82498 295,703 07 Total Income 16,309,747.44 10.888.223 44 Expenses: Salaries & Employee Benefits 1,499,498.43 1.231.247 77 Loan Protection Insurance 4,540.09 (-8,936 29) NCUA Share Insurance 130,016.07 64,834 55 Protection Bond & Other Insurance 35,537.19 27,617 48 Taxes and State Fees 347,398.26 262.635.01 Member Education & Promotion 254,718.70 209,070 75 Depreciation & Maintenance 224,540.89 142,21480 Data Processing 188,219.88 156.717 79 Personnel Development 57,685.69 43.401 88 Operating Expenses 769,751.07 552,918 87 Interest on Borrowed Money 29,893.32 764.18 Community Affairs 6,496.00 3.548 45 Total Expenses 3,548,295.59 2,686.035 24 Net Income 12,761,451.85 8,202,188 20 (Total Income Less Expense) To Reserves 815,487.37 544,411 18 Dividends Paid to Members 10,469,992.98 6,871.173 78 To Undivided Earnings 1,475,971.50 786,603 24 Membership 52,646 49.050 Expense to Income Ratio 21.76% 24.67%

FINANCIAL STATEMENT As of Year End December 31, Assets: 1882 1981 Loans to Members 57,654,766.28 48.840.940 74 VISA 4,078,188.73 3.395.072 46 Cash in Banks and Investments 79,652,951.59 44,893,002 59 Land & Buildings 3,154,603.88 2,911,360 01 Furniture A Equipment 1,012,014.91 705,541 70 Other Assets 939,227 58 181,633 22 Total 146,491,752.95 100,927.550 72 LiabMWes: Member Shares (Savings) 96,387,016.57 68.796,963 80 Share Drafts (Checking) 10,708,094.52 9,260,821 74 Individual Retirement Accts 5,650,681.89 1,752.779.96 Certificates 26,691,478.75 15.582,231 35 Reserve Fund 3,153,918.29 2,678.794.20 Special Reserves 609,022.94 402,163.71 Undivided Earnings 2,508,868.80 1,307 897 30 Other Liabilities 782,673.19 1,145,898 66 Total 146,491,752.95 100.927.550 72 e^yßam