JM Associates Federal Credit Union Notes to the Financial Statements
NOTE 2: INVESTMENTS
Available-for-Sale
Investments classified as available-for-sale securities consist of the following:
September 30, 2017
Amortized Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair Value
Federal agency mortgage-backed
securities and CMOs
$ 51,600,444 $ 96,503 $ (642,422) $ 51,054,525
Bank notes and certificates
5,019,645 12,958 (75) 5,032,528
Federal agency securities
2,485,166 11,750 (6,032) 2,490,884
Total
$ 59,105,255 $ 121,211 $ (648,529) $ 58,577,937
September 30, 2016
Amortized Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair Value
Federal agency mortgage-backed
securities and CMOs
$ 40,585,846 $ 251,620 $ (347,874) $ 40,489,592
Bank notes and certificates
9,876,713 101,509 (295) 9,977,927
Federal agency securities
4,210,460 112,429 - 4,322,889
Total
$ 54,673,019 $ 465,558 $ (348,169) $ 54,790,408
Sprint
®
By the
Numbers
$6,500
Total Sprint cash rewards
deposited directly into JMAFCU
member accounts in 2017
Through Love My Credit Union
Rewards, JMAFCU members
enjoy special savings and
incentives for using Sprint.
16 JM Associates Federal Credit Union • jmafcu.org
