STATEMENT OF FINANCIAL CONDITION AS OF SEPTEMBER 2007
	2006			2007
ASSETS   (FULL-USD)
Loans to Members(net of allowance)	$   10,541,364			$    9,933,834
Federal Share Insurance Fund	$       534,712			$       578,705
Cash Deposits in Banks	$    5,993,370			$    8,426,132
U.S.Govt.Securities and CD's	$   50,113,839			$   54,090,446
Furniture&Equipment	$                  -			$                  -
Accrued Interest	$       385,631			$       421,765
Prepaid Expenses and Other Assets	$       188,269			$       136,128
	$   67,757,185			$   73,587,010
LIABILITIES AND SHARHOLDERS EQUITY
Unearned Interest on Loans	$       123,376			$       124,469
Other Liabilities	$                  -			$           6,852
Accrued  EDP and Other-Expenses	$         17,062			$         15,483
SHAREHOLDERS DEPOSITS
Member Deposits	$   59,018,966			$   64,756,307
Regular Reserves	$    8,450,000			$    8,600,000
Reserves for Contingencies	$         52,947			$         39,682
Unrealized Gain/(Losses)	$                  -			$                  -
Undivided Earnings	$         94,834			$         44,217
	$   67,757,185			$   73,587,010
PROFIT AND LOSS STATEMENT
INCOME
Interest Income from Loans	$       467,374			$       464,944
Earnings from Investments	$    1,741,368			$    2,165,364
Gains or (Losses) on Securities/Currencies	$         14,293			$           1,444
Other Income	$         37,891			$         32,822
	$    2,260,926			$    2,664,574
EXPENSES
Cost of Operation	$       250,070			$       244,828
Provisions for Loan Losses	$         13,500			$         20,598
TOTAL EXPENSES	$       263,570			$       265,426
GROSS SURPLUS	$    1,997,356			$    2,399,148
DISTRIBUTION OF SURPLUS
Dividends to members	$    1,902,522			$    2,254,931
Reserves	$                  -			$         50,000
Voluntary Reserves for Contingencies	$                  -			$         50,000
Undivided Earnings	$         94,834			$         44,217
	$    1,997,356			$    2,399,148
East Meadow, October 6th, 2007
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