Download 2012 Annual Report - Affinity Plus Federal Credit Union
Download 2012 Annual Report - Affinity Plus Federal Credit Union
Download 2012 Annual Report - Affinity Plus Federal Credit Union
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Financial Highlights<br />
<strong>2012</strong><br />
<br />
<br />
Statement of Income<br />
Dec. 31, <strong>2012</strong> Dec. 31, 2011<br />
Interest Income & Expense<br />
Interest Income 73,017,633 66,275,886<br />
Interest and Dividend Expense (19,518,652) (18,870,636)<br />
Provision for Loan Loss (14,861,000) (9,075,000)<br />
Net Interest Income after Provision 38,637,981 38,330,250<br />
Other Income &<br />
Operating Expense<br />
Other Income 39,343,218 24,730,352<br />
Operating Expense (60,413,231) (52,561,603)<br />
Net Income (Loss) 17,567,968 10,498,999
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