Statements of Financial Condition Years Ended December 31, 2017 and 2016. (Dollars in Thousands) Assets 2017 2016 Cash and cash equivalents $ 199,102 $ 153,380 Securities held-to-maturity 1,636,143 1,748,51 2 Securities available for sale 250,233 264,835 Loans to members, net 3,5 8 3 ,661 3,1 1 9 ,990 Loans held for sale 1, 0 3 9 3 ,770 Accrued interest receivable 1 1,745 9 , 124 Deposit in National Credit Union Share Insurance Fund 48,072 45,484 Property and equipment, net 62,353 63,098 Prepaid expenses and other assets 44,143 53,819 Total Assets $ 5,836,491 $ 5,462,012 Liabilities, Members’ Shares and Equity Liabilities: Accounts payable and accrued expenses $ 44,8 2 2 $ 37,4 2 1 Dividends payable 4 2 Members’ Shares: Members’ accounts: Regular share accounts 883,816 835,226 Share draft accounts 551,250 510,929 Money market accounts 2,025,788 2,156,568 Individual retirement accounts 373,275 359,952 Share certificates 1,384,042 1,017,613 Total members’ shares $ 5, 2 18, 171 $ 4,880,288 Total Liabilities and Members’ Shares 5,262,997 4,917,7 1 1 Retained earnings 573,494 544,301 Total Liabilities and Equity $ 5,836,491 $ 5,462,012
2017 Annual Report
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