2001 Financial Performance
Statement of Financial Condition				Statement of Income and Expense
ASSETS	2001	2000		INCOME	2001	2001
Cash and cash equivalents	$1,220,562	$581,658		Interest on loans to members	$407,955	$304,720
Investment	1,924,492	2,258,254		Interest on investment	124,517	186,311
Loans to members LESS of the allowance	4,594,454	3,993,949		Non-interest income	69,801	20,293
Fixed Assets	11,443	17,566
Federal share insurance fund deposit	54,762	49,906		TOTAL INCOME	$602,273	$511,324
Other Assets	58,857	8,836
TOTAL ASSETS	$7,864,570	$6,910,169		EXPENSES
				Dividends on member's shares	$194,927	$172,873
LIABILITIES				Interest on borrowed funds	12,500	12,500
Member's shares	$6,721,457	$5,952,109		Provision for loan losses	25,000	23,500
Accrued expenses and other liabilities	29,113	17,971		Salaries and benefits	157,855	111,405
Borrowed Funds	250,000	250,000		Operations	92,832	93,460
				Occupancy	16,392	12,150
TOTAL LIABILITIES	$7,000,570	$6,220,080
				TOTAL EXPENSES	$499,506	$425,888
EQUITY
Retained Earnings, substantially restricted	$864,000	$751,233		NET INCOME	$102,767	$85,436
TOTAL LIABILITIES AND EQUITY	$7,864,570	$6,971,313