Download 2012 Annual Report - Affinity Plus Federal Credit Union

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Financial Highlights 2012 Statement of Income Dec. 31, 2012 Dec. 31, 2011 Interest Income & Expense Interest Income 73,017,633 66,275,886 Interest and Dividend Expense (19,518,652) (18,870,636) Provision for Loan Loss (14,861,000) (9,075,000) Net Interest Income after Provision 38,637,981 38,330,250 Other Income & Operating Expense Other Income 39,343,218 24,730,352 Operating Expense (60,413,231) (52,561,603) Net Income (Loss) 17,567,968 10,498,999
2012 Financial Highlights Statement of Changes in Members’ Equity 2012 2011 Beginning Balance January 1 109,612,288 99,111,319 Net Income (Loss) 17,567,968 10,498,999 Unrealized Gain (Loss) on Investment 2,339 1,970 Balance December 31 127,182,595 109,612,288
Page 1 and 2: 20 12 ANNUAL REPORT
Page 3 and 4: 2012 Board of Directors The Affinit
Page 5 and 6: 2012 President’s report Our Core
Page 7 and 8: 2012 Supervisory Committee The Supe
Page 9: 2012 Financial Highlights Liabili
Page 13 and 14: 2012 Community IMPACT Through gener
Page 15 and 16: 2012 Member IMPACT In May 2012, we
Page 17 and 18: “Affinity Plus- Where a group of

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