JM Associates Federal Credit Union
Statement of Financial Condition
Assets
September 30, 2017 September 30, 2016
Cash and cash equivalents $ 8,952,319 $ 9,499,332
Investments
Available-for-sale 58,577,937 54,790,408
Held-to-maturity – 496,000
Other 90,060 90,060
Loans receivable, net of allowance for loan losses 46,300,021 43,280,147
Accrued interest receivable 421,263 386,962
Premises and equipment, net 13,772 29,295
National Credit Union Share Insurance Fund deposit 930,980 884,612
Other assets 204,648 203,409
Total Assets $ 115,491,000 $ 109,660,225
Liability and Members' Equity
September 30, 2017 September 30, 2016
Liabilities
Members' share and savings accounts $ 96,790,039 $ 91,949,799
Accrued expenses and other liabilities 2,388,577 2,247,353
Total liabilities 99,178,616 94,197,152
Commitments and Contingent Liabilities
Members' Equity
Regular reserve 716,460 716,460
Undivided earnings 16,123,242 14,629,224
Accumulated other comprehensive loss (527,318) 117,389
Total members' equity 16,312,384 15,463,073
Total Liabilities and Members' Equity $ 115,491,000 $ 109,660,225
8 JM Associates Federal Credit Union • jmafcu.org
