SELF RELIANCE NEW YORK FEDERAL CREDIT UNION

                           BALANCE SHEETS - DECEMBER 31, 2010 and 2009

ASSETS

2010

 

2009

Cash and Cash Equivalents

$55,163,429   $40,648,661

Loans to Members

524,427,974   505,166,922

     Reserves for Possible Loan  Losses

(5,859,850)   (3,695,209)

Investments

192,414,996   170,803,333

Accrued Interest on Investments and Loans

2,975,440   3,115,247

Premises & Equipment, net

4,381,694   5,024,547

NCUA Insurance Deposit

5,486,251   4,924,586

Other Assets

770,432   1,065,704

TOTAL ASSETS

$779,760,366

    $727,053,791

LIABILITIES AND SHAREHOLDER'S EQUITY

LIABILITIES

2010  

2009

Dividends Payable for 4th quarter

$177,849   $253,481

Other Liabilities

920,713   1,020,722

TOTAL LIABILITIES

$1,098,562             $1,274,203

 

SHAREHOLDERS' EQUITY

2009

 

2008

Shares

$632,718,000   $586,368,936

Statutory Reserves

10,000,000   10,000,000

Unrealized market gains (losses)

1,107,788   2,245,671

Undivided Earnings

134,836,016   127,164,981

TOTAL

$778,661,804   $725,779,588

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY

$779,760,366   $727,053,791

 


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  Your savings federally insured to at least $250,000 and backed by the full faith and credit
  of United States Government National Credit Union Administration, a U.S. Government Agency