FINANCIAL STATEMENT
Year to Date	Year to Date
Assets	AUGUST 2008	AUGUST 2007	DIFF $	DIFF %
Loans	31,593,992.46	29,568,722.75	2,025,269.71	6.85%
Allowance for Loan Loss	(271,569.72)	(366,784.46)	95,214.74	-25.96%
Investments	4,146,402.93	5,520,661.11	(1,374,258.18)	-24.89%
Cash	1,879,204.16	1,485,368.02	393,836.14	26.51%
Fixed Assets	1,984,411.60	2,069,486.88	(85,075.28)	-4.11%
Other Assets	799,390.63	721,750.82	77,639.81	10.76%
TOTAL ASSETS	40,131,832.06	38,999,205.12	1,132,626.94	2.90%
-
Liabilities & Equity	-
Accounts Payble	53,572.89	52,021.92	1,550.97	2.98%
Member Shares	36,514,088.80	35,576,427.53	937,661.27	2.64%
Regular Reserves	829,888.05	829,888.05	-	0.00%
Undivided Earnings	2,734,282.32	2,540,867.62	193,414.70	7.61%
TOTAL LIABILITIES & EQUITY	40,131,832.06	38,999,205.12	1,132,626.94	2.90%
Income
Loan Income	1,727,723.52	1,746,419.42	(18,695.90)	-1.07%
Investment Income	89,370.89	192,905.52	(103,534.63)	-53.67%
Fee Income	363,693.84	180,206.95	183,486.89	101.82%
Other Income	137,943.51	165,784.03	(27,840.52)	-16.79%
TOTAL INCOME	2,318,731.76	2,285,315.92	33,415.84	1.46%
Expenses
Salaries & Benefits	697,449.49	626,571.05	70,878.44	11.31%
Travel & Conference	8,330.56	17,312.63	(8,982.07)	-51.88%
Occupancy	157,508.79	148,259.05	9,249.74	6.24%
Operations	247,381.90	227,163.81	20,218.09	8.90%
Education & Promotion	37,042.71	71,905.76	(34,863.05)	-48.48%
Loan Services	232,176.57	216,304.87	15,871.70	7.34%
Outside Services	67,440.36	105,182.61	(37,742.25)	-35.88%
Provision for Loan Losses	96,777.21	100,022.00	(3,244.79)	0.00%
Other Expenses	54,424.30	20,141.11	34,283.19	170.21%
TOTAL EXPENSES	1,598,531.89	1,532,862.89	65,669.00	4.28%
DIVIDENDS	644,020.27	660,469.13	(16,448.86)	-2.49%
NET INCOME - YTD	76,179.60	91,983.90	(15,804.30)	-17.18%

For more details, see financial information on the NCUA website.