Audit Report SampleAudit Report SampleAudit Report Sample
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SAMPLE AUDIT REPORT
Sample Credit Union
Report on Operations
As of Audit Date

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SAMPLE AUDIT REPORT
SAMPLE CREDIT UNION
REPORT ON OPERATIONS
AS OF AUDIT DATE
GENERAL OVERVIEW
Overall, the Credit Union appeared to be well managed and continuing to maintain its
financial stability. During the twelve months ended December 31, 2009, the Credit
Union experienced modest growth, with total assets increasing approximately $756,000
(2.9%), investments increasing approximately $2,017,000 (22.1%), and shares and
equivalents increasing approximately $630,000 (2.8%). However, during the same
period, loans decreased approximately $1,202,000 (8.3%).

NET WORTH
Net income of approximately $124,000 generated during the twelve months ended
December 31, 2009, strengthened the Credit Union's capital position. Capital is
comprised of regular reserves and undivided earnings, and represents all earnings the
Credit Union has ac