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AIR LINE PILOTS ASSOCIATION FEDERAL CREDIT UNION
3145 W. 63rd Street Chicago 29, Illinois
CHARTER 5609

FINANCIAL AND STATISTICAL REPORT June 30, 1948
BALANCE SHEET

ASSETS
[[4 column table]]
|ACCOUNT NO.|LOANS:|No.|Amount|
|101-a|Current and less than 2 mon. delinquent|19| $5,515.75|
|104|CASH| |13,883.18|
|105|Petty cash| |10.00|
|115-2|Prepaid Loan Insurance| |8.97|
| | |Total|$19,417.90|
[[/4 column table]]
LIABILITIES
[[3 column table]]
|310|SHARES|$19,328.40|
|311|Reserves for bad loans|30.00|
|313|Profit|59.50|  
| |Total| $19,417.90 |
[[/3 column table]]       
STATEMENT OF INCOME AND EXPENSES
INCOME
[[3 column table]]
|401|Interest on loans|$73.33|
|409|Other Income|$500.00|
| |Total|$573.33|
[[/3 column table]]
Expenses
[[3 column table]]
|202-3|Stationary and Supplies|$428.73|
|202-5|Educational Expense|16.07|
|202-6|Borrowers' Insurance|6.03|
|202-9|Surety Bond Premium|36.00|
|202-9|Miscellaneous General (Charter Fee)|25.00|
|202-9|League Registration Fee|2.00|
| |Total|$513.83|
|313|Net Profit|$ 59.50|
[[/3 column table]]

Statistical Information
[[2 column table]]
|Number of Members June 30, 1948|117|
|Number of Potential Members|6457|
|Loans made since organization (number)|23|
|Loans made since organization (amount)|$7635.00|
[[/2 column table]]

Certified correct by
George L. Duvall
George L. Duvall
Clerk-Treasurer