FINANCIAL STATEMENT

DECEMBER 31, 2010

                        ASSETS                                                                LIABILITIES

Loans to members (net)     $1,185,049                       Members Shares    $2,434,716

Cash in Bank                            315,133                       Accounts Payable         18,152

SW Corp FCU                             17,673                       Special Reserves           58,779

Certificates of Deposit          1,193,257                        Undivided Earnings     239,465

Prepaid Expenses                           356

Fixed Assets (net)                               1

Investment in CUSO                   11,499

Other Assets                               23,995

Accrued Interest on Loans            2,374

Accrued Income on Investments   1,400

Accounts Receivable                         375                                                                         

                                             $2,751,112                                                       $2,751,112

STATEMENT OF OPERATIONS

DECEMBER 31, 2010

INCOME

Interest on Loans                                         $89,171

Interest Refunds                                             (4,806)

Investment Income                                         19,693

Fees, Charges & Misc                                        2,096

           Total Income                                                      $ 106,153

EXPENSES

Annual Meeting Expense                                     293

Association Dues                                               2,577

Examination Fees                                               2,170

Insurance-Bonds & Other                                   3,547

Loan Servicing                                                       694

Members Insurance                                          13,880

NCUSIF Stabilization Exp                                    3,315

NCUA Insurance                                                 2,980

Office Operations                                               8,869

Outside Audit Fees                                            1,800

Professional Fees                                              7,449

Travel & Conference                                          1,544

Miscellaneous Expenses                                    2,423

             Total Operating Expense                                  $ 51,541

              Income from Operations                                  $ 54,613

 COMPLAINT NOTICE

This credit union is incorporated under the laws of the State of Texas and under state law is subject to regulatory oversight by the Texas Credit Union Department. If you have a dispute with ADA Employees  Credit Union you should contact the credit union. If the dispute is not resolved to your satisfaction, you may file a complaint against the credit union by contacting the Texas Credit Union Department through one of the means indicated below:

Mail: Texas Credit Union Department

914 East Anderson Lane

Austin, Texas 78752-1699

Phone -- (512) 837-9236

Fax -- (512) 832-0278

E-mail: complaints@tcud.state.tx.us

Website: www.tcud.state.tx.us        

yOU HAVE A RIGHT TO KNOW ABOUT YOUR CREDIT UNION

  Upon request, a member is entitled to review or receive a copy of the most version of certain credit union documnets. 

• Balance Sheet & Income Statement (see above)
• Most recent annual audit
• Certain Board policies
• Internal Revenue Service Form 990

  Please contact the credit union office to arrange for access.