Annual Meeting Financials.xlsx

BROOKLYN COOPERATIVE FCU
FINANCIAL STATEMENTS
Period Ending
12/31/2013
Period Ending
12/31/2014
Period Ending
12/31/2015*
Loans / Préstamos
Allowance for Loan Loss / Reserva para Pérdidas
Receivables / Cuentas por Cobrar
Cash / Dinero Efectivo
Investments / Inversiones
NCUA Share Insurance Deposit / Depósito de Seguro NCUA
Prepaid Expenses / Gastos Pagados por Anticipado
Fixed Assets / Activos Fijos
Accrued Income / Ingreso Acumulado
Other Assets / Otros Activos
$11,792,510
-$128,473
$77,860
$1,343,178
$3,577,521
$121,187
$50,282
$166,460
$59,363
$41,860
$12,768,579
-$140,367
$47,860
$1,479,937
$3,913,521
$136,808
$124,600
$174,924
$59,950
$53,527
$14,862,742
-$148,373
$45,360
$2,181,161
$2,673,913
$157,013
$111,677
$530,946
$71,383
$32,118
TOTAL ASSETS / TOTAL ACTIVOS
$17,101,748
$18,619,339
$20,517,940
$124,258
$1,441,764
$438,291
$2,144
$62,229
$2,078,686
$378,660
$403,330
$524,717
$1,548
$61,610
$1,369,865
$201,625
$53,439
$600,787
$2,708
$178,562
$1,037,121
Total Shares & Equity / Total Acciones y Patrimonio
$12,314,064
$1,366,696
$240,000
$857,500
$161,010
$83,792
$15,023,062
$14,731,347
$970,000
$363,333
$857,500
$244,802
$82,492
$17,249,474
$16,268,925
$970,000
$361,666
$1,000,000
$305,858
$574,370
$19,480,819
TOTAL LIABILITIES, SHARES & EQUITY / TOTAL
OBLIGACIONES, ACCIONES Y PATRIMONIO
$17,101,748
$18,619,339
$20,517,940
7.8%
0.9%
8.3%
0.5%
10.9%
0.6%
BALANCE SHEET / BALANCE GENERAL
ASSETS / ACTIVOS
LIABILITIES / OBLIGACIONES
Accounts Payable / Cuentas a Pagar
Accounts Payable on Grants / Cuentas a Pagar de las Becas
Notes & Interest Payable / Notas e Intereses a Pagar
Dividends Payable / Dividendos a Pagar
Other Liabilities / Otras Obligaciones
Total Liabilities / Total Obligaciones
SHARES & EQUITY / ACCIONES Y PATRIMONIO
Member Shares / Acciones de los Miembros
Non-Member Deposits / Depósitos de Otros
Secondary Capital / Capital Adicional
Regular Reserves / Reservas Regulares
Undivided Earnings / Ganancias no Distribuidas
Net Income / Ingreso Neto
CAPITAL divided by TOTAL ASSETS
LOAN LOSS RATE
* preliminary estimate
BROOKLYN COOPERATIVE FCU
FINANCIAL STATEMENTS
INCOME STATEMENT / ESTADO DE INGRESOS
1/1/2013 12/31/2013
1/1/2014 12/31/2014
1/1/2015 12/31/2015**
$708,119
$27,138
$319,803
$20,347
$149,539
$1,224,946
$823,477
$28,860
$351,869
$21,895
$184,072
$1,410,173
$947,930
$34,757
$405,429
$21,335
$215,680
$1,625,131
$569,088
$1,095,623
$551,642
$1,794,035
$2,505,796
$2,176,773
$547,012
Salaries / Salarios
Employee Taxes and Benefits / Impuestos y Beneficios Laborales $115,124
Staff & Board Training / Educación para Empleados y Directores $14,757
$174,435
Office Occupancy / Ocupación de la Oficina
$215,541
Office Operations / Operación de la Oficina
$185,494
Data Processing / Mantenimiento del Sistema Computerizado
$5,682
Advertising/ Propaganda
$35,942
Loan Servicing / Manejo de los Préstamos
$186,993
Professional Services / Servicios Profesionales
$75,000
Provision for Loan Loss / Pérdidas de Préstamos
$88,144
Miscellaneous / Gastos Varios
$1,684,868
Total Operating Expenses / Total Gastos Operativos
$609,677
$113,161
$16,868
$692,289
$222,221
$191,335
$58,802
$34,119
$255,532
$80,000
$119,818
$2,396,188
$694,919
$118,330
$16,813
-$172,864
$204,396
$187,821
$34,897
$31,381
$171,220
$75,000
$75,516
$1,437,429
$13,762
$10,959
$4,761
$29,482
$17,343
$13,498
$4,095
$34,936
$1,710,425
$2,425,670
$1,472,365
$83,610
$80,126
$704,408
73%
79%*
113%
OPERATING INCOME / INGRESOS OPERATIVOS
Loan Income / Ingresos por Préstamos
Investment Income / Ingresos por Inversiones
Fee Income / Ingresos por Cuotas Varias
Program Income / Ingresos por Programas Particulares
Other Operating Income / Otro Ingreso Operativo
Total Operating Income / Total Ingresos Operativos
NON-OPERATING INCOME / INGRESOS NO OPERATIVOS
Grants to Operations / Subsidios para Operaciones
TOTAL INCOME / TOTAL INGRESOS
OPERATING EXPENSES / GASTOS OPERATIVOS
COST OF FUNDS / COSTO DE LOS FONDOS
Interest on Secondary Capital / Intereses para el Capital Secundario $9,600
$9,498
Dividends on Member Shares / Dividendos para las Cuentas
$6,459
Interest on NM Deposits / Intereses para los Depósitos NM
$25,557
Total Cost of Funds / Total Costo de los Fondos
TOTAL EXPENSES & COST OF FUNDS / TOTAL
GASTOS Y COSTO DE LOS FONDOS
NET INCOME / INGRESO NETO
Self-sufficiency Ratio / Tasa de 'auto-suficiencia'
* construction expenses related to the new branch are excluded
** preliminary estimate