JM Associates Federal Credit Union
Statement of Comprehensive Income
and Members' Equity
Comprehensive Income
September 30, 2017 September 30, 2016
Net Income $ 1,494,018 $ 1,148,819
Other Comprehensive Income
New unrealized holding (losses)/gains on securities arising during the year (610,874) 494,427
Less reclassification adjustment for net (losses)/gains included in net income (33,833) (46,371)
(644,707) 448,056
Comprehensive (Loss) Income $ 849,311 $ 1,596,875
Members' Equity
Regular
Reserve
Undivided
Earnings
Accumulated
Other
Comprehensive
Income (Loss) Total
Balance, September 30, 2015 $ 716,460 13,480,405 (330,667) $ 13,866,198
Net income - 1,148,819 - 1,148,819
Change in unrealized gain/(loss) on securities - - 448,056 448,056
Balance, September 30, 2016 716,460 14,629,224 117,389 15,463,073
Net income - 1,494,018 - 1,494,018
Change in unrealized gain/(loss) on securities - - (644,707) (644,707)
Balance, September 30, 2017 $ 716,460 $ 16,123,242 $ (527,318) $ 16,312,384
Members Trust Company
$12,553,812.65
Overall assets of JMAFCU
members under management by
Members Trust Company
Through our partnership with
Members Trust Company,
JMAFCU members have access
to trust and investment products
and services, including money
market funds, bonds, retirement
solutions, living trusts and more.
By the
Numbers
10 JM Associates Federal Credit Union • jmafcu.org
