Bridgewater Credit Union, a Division of Merrimack Valley Credit Union
Bridgewater Credit Union Financials

bridgewater credit union financials

Officer's Statement of Assets and Liabilities

September 2018 and August 2018

Assets
2018
September
(Unaudited)
2018
August
(Unaudited)
Cash and Cash Equivalents $ 21,718,183 $ 18,220,124
Investments $ 68,234,654 $ 67,526,855
Loans, Net $ 270,922,727 $ 272,111,537
Premises and Equipment, NET $ 5,980,166 $ 6,003,415
Accrued Interest Receivable $ 1,125,382 $ 1,095,393
NCUSIF Insurance Deposit $ 2,771,234 $ 2,771,234
Other Assets $ 9,419,049 $ 8,682,676
Total Assets
$ 380,171,395 $ 376,411,234
 
Total Liabilities and Equity
Shares and Deposits $ 304,076,907 $ 301,165,174
Borrowed Funds $ 38,863,779 $ 39,134,486
Mortgagor's Escrow $ 1,392,822 $ 680,735
Other Liabilities $ 1,550,131 $ 783,925
Total Liabilities
$ 345,883,639 $ 341,764,320
 
Undivided Earnings and Reserves $ 36,277,086 $ 36,269,917
Unrealized Gain on Investments $ (1,989,330) $ (1,623,003)
Total Equity
$ 34,287,756 $ 34,646,914
 
Total Liabilities and Equity
$ 380,171,395 $ 376,411,234

 

I do hereby certify that the foregoing statements are true and correct to the best of my knowledge and belief.

John J. Howard, President & CEO

Michael E. Valley, S.V.P., CFO & Treasurer

Mary K. Briand, Audit Committee

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