2007 Annual Report - Bank-Fund Staff Federal Credit Union

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20 Bank-Fund Staff Federal Credit Union percent of Reserve and Undivided Earnings to Total Assets at year-end exemplifies our commitment to ensure the organization’s ongoing financial viability, while investing in improvements and expansion of services to members. Because this ratio exceeds the standard requirement set by the National Credit Union Administration (NCUA), our U.S. government regulator, our Credit Union is considered “well capitalized” by the NCUA. BFSFCU’s Board and Management monitor this ratio closely, in recognition of a widening range of variables that include potentially unfavorable interest-rate movements, credit risks in the loan portfolio, currency fluctuations, increasing operating expenses, and the possibility that the banking industry’s well-funded lobbying efforts will result in federal taxation of credit unions. Liquidity And Investments The Credit Union’s goal is to maintain a liquidity level of at least 20 percent of shares, seeking an optimal level to accommodate potential extremes in deposit fluctuations and unusual loan demand. We ended the year with a liquidity ratio of 24.6 percent, compared to 29.6 percent in 2006 and 28.4 percent in 2005. In 2007, the Credit Union’s trading account portfolio, composed exclusively of U.S. Treasury and U.S.-Government-backed Agency obligations and AAA-rated U.S. Municipal Bonds, increased by approximately $13.07 million (net of securities purchased but not settled at year end), compared to 2006. The total return for this portfolio increased approximately $4.72 million in 2007 compared to 2006.
Annual Report 2007 21 Again, let me say how satisfied I am with your excellent service, speediness in handling my mortgage transaction, and, most importantly, your focused and thoughtful client approach you both exhibited throughout the process to meet my needs. — C. F.
Page 3 and 4: Table of Contents 3 Financial Highl
Page 5 and 6: Annual Report 2007 3 (In Thousands,
Page 7 and 8: Message from the President and the
Page 9 and 10: 2007 Initiatives In 2007 we enhance
Page 11 and 12: to include a shared branch locator,
Page 13 and 14: Embracing the Future as we look to
Page 15 and 16: Annual Report 2007 13 The whole Cre
Page 17 and 18: A George W. West President B Adam M
Page 19 and 20: Financial Results The Credit Union
Page 21: Annual Report 2007 19 investing in
Page 25 and 26: During the 15 years in which the Cr
Page 27 and 28: Supervisory Committee Report aman K
Page 29 and 30: Annual Report 2007 27 2001 2002 200
Page 31 and 32: Annual Report 2007 29 Statements of
Page 33 and 34: Financial Services DEPOSIT ACCOUNTS

2007 Annual Report - Bank-Fund Staff Federal Credit Union

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