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CU System
Year-end net income at Corporate Central is 10.1M
MUSKEGO, Wis. (2/11/11)--Corporate Central CU has posted its unaudited year-end December 2010 financial statement on its website. Net income, before paid-in-capital (PIC) dividends, for the month totaled $717,856, said the $1.8 billion asset, Muskego, Wis.-based corporate. That amount brings the total PIC for the year to $10.15 million, said the financial report. Income from interest totaled $1.28 million for December, bringing the total for 2010r to $18 million. The corporate's Net Economic Value (NEV), as of Dec. 31, is at $180.5 million or a NEV ratio of 10.06%, well above the regulatory minimum of 2%. Capital at the corporate as of Jan. 31 totaled $179.3 million, which brings its capital ratio to 10.07%, well above the federal regulatory capital ratio. Risk-based capital was 61.10%, according to the financial statement. Capital includes retained earnings totaling $22.48 million; PIC totaling $65.5 million; Tier 1 (Core) Capital at $87.9 million and membership capital at $91.37 million, said the corporate.


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