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About Honda FCU
Mission Statement
Financial Performance
Statement of Financial Condition
Corporate Information
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|
Statement of Financial Condition
As
of December 31, 2004
| Assets |
|
|
Loans
|
|
| Vehicle Loans |
$123,362,450.64 |
| Other Member Loans |
11,143,535.63 |
| Mortgage Loans |
150,739,613.28
|
| Visa |
34,853,160.91
|
| Collateral in Process |
188,704.84
|
| Loan Participation |
11,218,140.95
|
| Less: Allow for Ln. Loss |
(913,325.98)
|
| |
|
| Net
Loans |
$330,592,280.27
|
| |
|
| Cash/Cash Equivalents |
$31,273,982.73
|
| Investments |
3,463,542.09
|
| Prepaid & Deferred Exp. |
305,431.02
|
| Other Receivables |
38,002.11
|
| Building (Net) |
4,807,002.27
|
| Land |
150,207.10
|
| Furniture & Equipment
(Net) |
3,749,058.74
|
| Accrued Interest on Loans |
650,337.81
|
| Accrued Income on
Investments |
- |
| Share Insurance Fund |
3,527,596.18
|
| Real Estate Loans Sold |
- |
| Other Assets |
1,260,021.76
|
| |
|
|
Total
Assets
|
$379,817,462.08
|
Liabilities & Equity
| Liabilities |
|
|
Accounts Payable
|
$3,030,276.71
|
| Notes Payable |
12,950,000.00 |
| Checks Outstanding |
-
|
| Accrued Expense |
2,778,852.27
|
| Accrued Visa Points |
751,387.06
|
| Unapplied EDP |
317,834.87
|
| Due to Wescorp |
- |
| Total
Liabilities |
$19,828,350.91
|
| |
|
| Shares |
|
| Regular Shares |
$131,818,306.75
|
| Checking * |
61,262,306.44
|
| IRA Shares |
22,183,060.06
|
| Certificates |
51,711,287.20 |
|
| Money Market |
61,700,988.07
|
| Total
Shares |
$328,675,948.52
|
| |
|
| Net Worth |
|
| Net Unrealized
Gains/(Losses) |
|
| AVS Investments |
$ -
|
| Regular Reserve |
8,322,208.22
|
| Undivided Earnings |
22,990,954.43
|
| Net Income |
-
|
| Total
Net Worth |
$31,313,162.65
|
| |
|
| Total
Equity |
$359,989,111.17
|
| Total
Liabilities & Equity |
$379,817,462.08
|
| Statistical Report |
|
|
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# |
Amount |
| Delinquent Loans: |
|
|
| 2 to less than 6 months: |
212
|
1,269,772.36
|
| 6 to less than 12 months: |
58
|
359,811.14
|
| 12 months and over: |
55
|
258,102.95
|
| Subtotal |
325
|
$1,887,686.45
|
| Current and less than 2
months delinquent |
38,585
|
329,617,919.80
|
| Total Loans |
38,910
|
$331,505,606.25
|
| |
|
|
| Visa Line of Credit
Outstanding |
|
136,021,397.00
|
| Equity Reserve Line of Credit
Outstanding |
|
72,391,579.92
|
| Total Lines of Credit |
|
$208,412,976.92
|
| |
|
|
| Lines of Credit Unused |
|
$138,867,974.64
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| Statistical Report |
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|
| |
# |
Amount |
| Loans Made: |
|
|
| Year-To-Date: |
2,182
|
$28,348,605
|
| Since Organization: |
134,444
|
$1,206,876,693
|
| |
|
|
| Number of Members: |
46,644
|
|
| Number of Staff |
134 |
|
| |
|
|
| Number of Members Accounts: |
98,030
|
|
| |
|
|
| Loans Charged Off since
Organization: |
|
$5,774,770
|
| |
|
|
| Recoveries of Charge Offs: |
|
$756,744
|
| |
|
|
| Maximum Assets under PCA |
|
$447,330,895.00
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| |
|
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| * Adjusted for AHMC Credit Dept Check Availability. |
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