ASSETS

Cash and Investments..........................................$2,424,402.56

Loans...................................................................$3,660,324.68

Other Assest........................................................$     48,714.06

                                      Total Assets                  $6,133,441.30

LIABILITIES

Members Deposits..............................................$5,524,960.00

Reserves.............................................................$     95,908.57

Other Liabilities.................................................$    512,572.73

                                       Total Liabilities           $6,133,441.30

Statement of Income 

INCOME

Interest on Loans.....................................................$  252,058.90

Investment and Other Income..................................$     54,219.31

                                            Total Income               $   306,278.21

EXPENSES

Insurance Expense...................................................$      19,014.59

Dividend Expense...................................................$    109,970.39

Other Expenses........................................................$    153,494.39

                                             Total Expenses           $    282,479.37

NON-OPERATING INCOME/EXPENSE..............$      15,391.12

                                                   NET INCOME      $      39,189.96

Board of Directors

Danny St.Pierre, Chairman of the Board / Term Expires March 2010

Marie Bagley, Treasurer / Term Expires March 2010

James Paul Bowers, Secretary / Term Expires March 2010

Bridget O'Bannion, Member / Term Expires March 2010

William V. Geyser, Member / Term Expires March 2010

Clodile Romero II, Member / Term Expires March 2010

Tami Lockard, Member / Term Expires March 2010

CHANGES TO MANAGEMENT / OPERATIONS

• Changes to Management - None
• Changes to Bylaws - None
• Changes to Articles of Incorporation - None
• Changes to Financial Condition Impacting Operations - None
• Changes to membership Size Impacting Operations - None
• Changes to Services Offered - None
• Changes to Any other Information Impacting Operations - None

NOTICE OF AVAILABILITY OF CERTAIN DOCUMENTS

Texas Finance Code, Section 122.107

The following documents related to the credit union's finances and management are available upon request:

• A summary of the most recent annual audit;
• The most recent statement of financial condition, such as nonconfidential pages of the quarterly call report provided under Section 122.101;
• A copy of IRS Form 990 or its successor; and
• Any other documents that members are entitled to possess, as determined by the commission