LUFTHANSA EMPLOYEE FEDERAL CREDIT UNION
STATEMENT OF FINANCIAL CONDITION AS OF MARCH 31, 2007
	2006			2007
ASSETS   (FULL-USD)
Loans to Members(net of allowance)	$   10,522,510			$    9,706,890
Federal Share Insurance Fund	$       520,063			$       521,034
Cash Deposits in Banks	$    1,016,356			$       306,745
Receivables fr.Sponsor	$       109,581			$                  -
U.S.Govt.Securities and CD's	$   56,147,860			$   59,731,765
Other Assets	$       383,839			$       433,928
	$   68,700,209			$   70,700,362
LIABILITIES AND SHARHOLDERS EQUITY
Unearned Interest on Loans	$       103,909			$       122,791
Other Liabilities	$         10,000			$           6,749
Accrued Expenses	$           1,800			$           1,800
SHAREHOLDERS DEPOSITS
Member Deposits	$   60,007,017			$   61,973,792
Regular Reserves	$    8,450,000			$    8,550,000
Reserves for Contingencies	$         46,259			$         36,529
Unrealized Gain/(Losses)	$                  -			$                  -
Undivided Earnings	$         81,224			$           8,701
	$   68,700,209			$   70,700,362
PROFIT AND LOSS STATEMENT
INCOME
Interest Income from Loans	$       147,165			$       154,919
Earnings from Investments	$       547,939			$       670,525
Gains or (Losses) on Securities	$           4,299			$          (3,710)
Other Income	$         18,788			$           9,244
	$       718,191			$       830,978
EXPENSES
Cost of Operation	$         91,414			$         74,080
Federal Sup. Fee	$           3,527			$           3,494
TOTAL EXPENSES	$         94,941			$         77,574
GROSS SURPLUS	$       623,250			$       753,404
DISTRIBUTION OF SURPLUS
Dividends to members	$       573,713			$       719,703
Reserves	$                  -			$         25,000
Voluntary Reserves for Contingencies	$                  -			$                  -
Undivided Earnings	$         49,537			$           8,701
	$       623,250			$       753,404
East Meadow, Apr. 6th, 2007
* YOUR EXPECTATIONS ARE OUR OBLIGATION *
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