Bad Debt Promissory Note in Ira by sdt87948

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									                                                                                                                                                     Cycle Date:      June-2010
                                                                                                                                                       Run Date:      07/28/2010
                                                                                                                                                         Interval:    Quarterly
                 Page              Click on links below to jump to FPR contents
                   1               Summary Financial Information
                   2               Ratio Analysis
**                 4               Assets
                   5               Liabilities, Shares & Equity
                   6               Income Statement
                   7               Delinquent Loan Information
                   8               Loan Losses, Bankruptcy Information, & Loan Modifications




                                                                                               CTECU
                                                                                               Credit Union
                                                                                               P. O. Box 430
                                                                                               Bellaire   TX   77402




                                                                                               Count of CU :                        1
                                                                                               Asset Range :                        10,000,000 - 50,000,000
                                                                                               Peer Group Number :                  3
                                                                                               Count of CU in Peer Group :          0



     Charter-Region-SE-District:
     67583 - 4 - H - 1

     *Note to Users: The peer groups and resulting peer average ratios are based upon all federally insured credit unions within the asset range. Peer average
     ratios are not available for aggregate reports.
     The ratios on aggregate FPRs are consolidated ratios for the group of credit unions included in the report and do not represent a peer average for that group.

** Page 3 - Supplemental Ratios - is not included
                                                                                                 Summary Financial Information
Return to cover                                                                                           For Charter : 67583
07/28/2010                                                                                               Count of CU : 1
CU Name:      CTECU                                                                                     Asset Range : 10,000,000 - 50,000,000
Peer Group:     3                                                                                             Criteria : N/A
                                                                                           Count of CU in Peer Group : 0

                                                                                   Jun-2009                Sep-2009      % Chg         Dec-2009      % Chg       Mar-2010     % Chg       Jun-2010     % Chg
ASSETS:                                                                         Amount                  Amount                      Amount                    Amount                   Amount
 Cash & Equivalents                                                                1,273,346               1,397,301        9.7        1,903,772      36.2       2,279,938     19.8       2,290,177       0.4
TOTAL INVESTMENTS                                                                 33,558,834              33,459,809       -0.3       32,907,867      -1.6      33,995,302      3.3      34,303,277       0.9
 Loans Held for Sale                                                                       0                       0       N/A                 0       N/A               0      N/A               0       N/A

 Real Estate Loans                                                                   2,490,516              2,660,231       6.8         3,204,393      20.5      3,301,378       3.0      3,357,974       1.7
 Unsecured Loans                                                                       593,170                627,913       5.9           723,973      15.3        620,640     -14.3        652,813       5.2
 Other Loans                                                                         4,056,080              3,984,622      -1.8         3,853,378      -3.3      3,463,909     -10.1      3,462,724       0.0
 TOTAL LOANS                                                                         7,139,766              7,272,766       1.9         7,781,744       7.0      7,385,927      -5.1      7,473,511       1.2
 (Allowance for Loan & Lease Losses)                                                   (28,954)               (35,865)     23.9           (35,941)      0.2        (34,900)     -2.9        (31,823)     -8.8
 Land And Building                                                                            0                      0      N/A                  0      N/A               0      N/A               0      N/A
 Other Fixed Assets                                                                       5,544                  4,967    -10.4              3,742    -24.7           2,845    -24.0           1,834    -35.5
 NCUSIF Deposit                                                                        302,048                302,048       0.0           302,048       0.0        302,048       0.0        364,004      20.5
 All Other Assets                                                                      309,589                335,010       8.2           316,742      -5.5        330,134       4.2        295,996     -10.3
   TOTAL ASSETS                                                                     42,560,173             42,736,036       0.4        43,179,974       1.0     44,261,294       2.5     44,696,976       1.0
LIABILITIES & CAPITAL:
 Dividends Payable                                                                      59,554                 55,312      -7.1            53,464      -3.3         46,673     -12.7         42,500      -8.9
 Notes & Interest Payable                                                                    0                      0       N/A                 0       N/A              0       N/A              0       N/A
 Accounts Payable & Other Liabilities                                                  126,022                107,005     -15.1            71,796     -32.9         33,826     -52.9        171,732     407.7
 Uninsured Secondary Capital                                                                 0                      0       N/A                 0       N/A              0       N/A              0       N/A
   TOTAL LIABILITIES                                                                   185,576                162,317     -12.5           125,260     -22.8         80,499     -35.7        214,232     166.1
 Share Drafts                                                                        2,510,127              2,443,131      -2.7         2,331,217      -4.6      2,716,851      16.5      2,493,871      -8.2
 Regular shares                                                                     15,554,445             16,013,196       2.9        16,094,199       0.5     19,034,692      18.3     18,271,859      -4.0
 All Other Shares & Deposits                                                        19,148,161             18,904,891      -1.3        19,516,771       3.2     17,384,609     -10.9     18,656,151       7.3
   TOTAL SHARES & DEPOSITS                                                          37,212,733             37,361,218       0.4        37,942,187       1.6     39,136,152       3.1     39,421,881       0.7
 Regular Reserve                                                                       610,516                610,516       0.0           610,516       0.0        610,516       0.0        610,516       0.0
 Other Reserves                                                                              0                      0       N/A                 0       N/A              0       N/A              0       N/A
 Undivided Earnings                                                                  4,551,348              4,601,985       1.1         4,502,011      -2.2      4,434,127      -1.5      4,450,347       0.4
   TOTAL EQUITY                                                                      5,161,864              5,212,501       1.0         5,112,527      -1.9      5,044,643      -1.3      5,060,863       0.3
   TOTAL LIABILITIES, SHARES, & EQUITY                                              42,560,173             42,736,036       0.4        43,179,974       1.0     44,261,294       2.5     44,696,976       1.0
INCOME & EXPENSE
 Loan Income*                                                                          208,191                309,409      -0.9           412,145      -0.1        102,093      -0.9         204,139      0.0
 Investment Income*                                                                    684,764              1,039,357       1.2         1,387,936       0.2        339,353      -2.2         682,809      0.6
 Other Income*                                                                           5,440                  8,560       4.9            11,644       2.0          5,705      96.0           8,719    -23.6
 Salaries & Benefits*                                                                  263,191                397,000       0.6           538,453       1.7        137,830       2.4         281,546      2.1
 Total Other Operating Expenses*                                                       170,658                254,820      -0.5           345,385       1.7         89,271       3.4         182,880      2.4
 Non-operating Income & (Expense)*                                                     208,413                      0    -100.0          -151,942       N/A       -128,809    -239.1        -128,809     50.0
 NCUSIF Stabilization Income*                                                              N/A                208,413                     208,413     -25.0              0    -100.0               0      N/A
 Provision for Loan/Lease Losses*                                                       -2,113                  4,798    251.4              4,798     -25.0         11,284     840.7          14,891    -34.0
 Cost of Funds*                                                                        395,653                579,064     -2.4            748,272      -3.1        147,841     -21.0         289,108     -2.2
NET INCOME (LOSS) BEFORE NCUSIF
  STABILIZATION EXPENSE*                                                               279,419                330,057    -21.3            231,288     -47.4        -67,884    -217.4          -1,567     98.8
NCUSIF Stabilization Expense*                                                          257,782                257,782    -33.3            258,988     -24.6              0    -100.0          50,096      N/A
 Net Income (Loss)*                                                                     21,637                 72,275    122.7            -27,700    -128.7        -67,884    -880.3         -51,663     61.9
TOTAL CU's                                                                                   1                      1      0.0                  1       0.0              1       0.0               1      0.0
* Income/Expense items are year-to-date while the related %change ratios are annualized.
# Means the number is too large to display in the cell


                                                                                                                                                                                          1. Summary Financial
                                                                                                         Ratio Analysis
Return to cover                                                                                    For Charter : 67583
07/28/2010                                                                                        Count of CU : 1
CU Name:      CTECU                                                                               Asset Range : 10,000,000 - 50,000,000
Peer Group:     3                                                                                      Criteria : N/A
                                                                                Count of CU in Peer Group : 0                                                      Mar-2010                                  Jun-2010


                                                                                       Jun-2009         Sep-2009          Dec-2009          Mar-2010       PEER Avg Percentile**             Jun-2010   PEER Avg Percentile**
CAPITAL ADEQUACY
 Net Worth/Total Assets                                                                    12.12            12.19             11.84            11.39             12.65                 40      11.32         N/A            N/A
 Net Worth/Total Assets--Including Optional
  Total Assets Election                                                                   12.12             12.19            11.84             11.39            12.66                  39      11.32         N/A            N/A
 Total Delinquent Loans / Net Worth                                                        0.59              0.96             2.00              1.70             8.45                  23       1.75         N/A            N/A
 Solvency Evaluation (Estimated)                                                         113.87            113.95           113.47            112.89           114.98                  47     112.84         N/A            N/A
 Classified Assets (Estimated) / Net Worth                                                 0.56              0.69             0.70              0.69             5.85                   7       0.63         N/A            N/A
ASSET QUALITY
 Delinquent Loans / Total Loans                                                              0.43             0.69              1.32             1.16            1.61                 51        1.19         N/A            N/A
 * Net Charge-Offs / Average Loans                                                           0.00             0.00              0.00             0.65            0.67                 62        0.50         N/A            N/A
 Fair (Market) HTM Invest Value/Book Value HTM Invest.                                       0.00             0.00              0.00             0.00          102.57                N/A        0.00         N/A            N/A
 Accum Unreal G/L On AFS/Cost Of AFS                                                         0.00             0.00              0.00             0.00            1.05                N/A        0.00         N/A            N/A
 Delinquent Loans / Assets                                                                   0.07             0.12              0.24             0.19            0.86                 19        0.20         N/A            N/A
EARNINGS
 * Return On Average Assets                                                                  0.11             0.24             -0.07            -0.62              0.07                18       -0.24        N/A            N/A
 *Return On Average Assets Before NCUSIF Stabilization
    Income/Expense                                                                          1.37             0.40              0.06            -0.62              0.08               N/A       -0.01         N/A            N/A
 * Gross Income/Average Assets                                                              4.40             4.42              4.40             4.09              5.45                15        4.08         N/A            N/A
 * Yield on Average Loans                                                                   5.77             5.66              5.47             5.38              6.92                 4        5.35         N/A            N/A
 * Yield on Average Investments                                                             4.15             4.19              4.20             3.83              1.76                99        3.83         N/A            N/A
 * Fee & Other Op.Income / Avg. Assets                                                      0.03             0.03              0.03             0.05              0.94                 5        0.04         N/A            N/A
 * Cost of Funds / Avg. Assets                                                              1.94             1.89              1.82             1.35              1.00                82        1.32         N/A            N/A
 * Net Margin / Avg. Assets                                                                 2.46             2.53              2.58             2.74              4.45                10        2.76         N/A            N/A
 * Operating Exp./ Avg. Assets                                                              3.38             2.96              2.78             2.08              3.81                 9        2.34         N/A            N/A
 * Provision For Loan & Lease Losses / Average Assets                                      -0.01             0.02              0.01             0.10              0.41                25        0.07         N/A            N/A
 * Net Interest Margin/Avg. Assets                                                          2.43             2.51              2.55             2.69              3.51                17        2.72         N/A            N/A
  Operating Exp./Gross Income                                                              76.99            67.01             63.08            50.79             69.66                12       57.45         N/A            N/A
  Fixed Assets & Foreclosed & Repossessed Assets / Total Assets1                            0.01             0.01              0.01             0.01              2.29                 1        0.00         N/A            N/A
 * Net Operating Exp. /Avg. Assets                                                          3.36             2.93              2.75             2.03              3.09                13        2.30         N/A            N/A
ASSET / LIABILITY MANAGEMENT
 Net Long-Term Assets / Total Assets                                                       45.37            47.76             48.40            46.82             18.28                 97      47.14         N/A            N/A
 Reg. Shares / Total Shares & Borrowings                                                   41.80            42.86             42.42            48.64             47.98                 58      46.35         N/A            N/A
 Total Loans / Total Shares                                                                19.19            19.47             20.51            18.87             60.56                  2      18.96         N/A            N/A
 Total Loans / Total Assets                                                                16.78            17.02             18.02            16.69             52.52                  3      16.72         N/A            N/A
 Cash + Short-Term Investments / Assets                                                    18.57            19.25             19.31            20.81             27.48                 34      18.64         N/A            N/A
 Total Shares, Dep. & Borrs / Earning Assets                                               88.78            88.82             89.23            89.77             91.23                 37      89.60         N/A            N/A
 Reg Shares + Share Drafts / Total Shares & Borrs                                          48.54            49.40             48.56            55.58             58.31                 50      52.68         N/A            N/A
 Borrowings / Total Shares & Net Worth                                                      0.00             0.00              0.00             0.00              0.13                  2       0.00         N/A            N/A
PRODUCTIVITY
 Members / Potential Members                                                              55.95            55.60             55.40            55.05             51.12                  71      54.93         N/A            N/A
 Borrowers / Members                                                                      28.46            27.79             28.11            26.93             42.67                  17      26.99         N/A            N/A
 Members / Full-Time Employees                                                           223.80           211.81            233.26           183.50            458.94                   1     183.08         N/A            N/A
 Avg. Shares Per Member                                                                 $16,628          $16,799           $17,122          $17,773            $6,277                  99    $17,944         N/A            N/A
 Avg. Loan Balance                                                                      $11,208          $11,768           $12,491          $12,455            $9,355                  85    $12,603         N/A            N/A
* Salary And Benefits / Full-Time Empl.                                                 $52,638          $50,413           $56,679          $45,943           $50,591                  41    $46,924         N/A            N/A
OTHER RATIOS
* Net Worth Growth                                                                          0.84             1.87             -0.54             -5.31             0.16                17       -2.02         N/A            N/A
* Market (Share) Growth                                                                    19.32            13.47             11.81             12.59            13.50                51        7.80         N/A            N/A
* Loan Growth                                                                              -4.31            -0.45              6.64            -20.35            -5.94                11       -7.92         N/A            N/A
* Asset Growth                                                                             17.27            12.11             10.21             10.02             9.44                51        7.03         N/A            N/A
* Investment Growth                                                                        22.33            14.96             11.05             16.92            38.90                34       10.27         N/A            N/A
* Membership Growth                                                                         0.72            -0.36             -0.63             -2.53             0.21               N/A       -1.71         N/A            N/A
* Annualization factor: March = 4; June = 2; September =4/3; December = 1 (or no annualizing)
**Percentile Rankings and Peer Average Ratios are produced once a quarter after the data collection is complete.
 Subsequent corrections to data after this date are not reflected in the Percentile Rank or the Peer Average Ratios until the next cycle.

Percentile Rankings show where the credit union stands in relation to its peers in key areas of performance. To arrive at the percentile ranking, all data for all credit unions in a peer
group are arranged in order from highest (100) to lowest (0) value. The percentile ranking assigned to the credit union is a measure of the relative standing of that ratio in the entire
range of ratios. A high or low ranking does not imply good or bad performance. However, when reviewed in relation to other available data, users may draw conclusions as to the
importance of the percentile rank to the credit union's financial performance.
1
    For periods before 2004, the Fixed Assets & Foreclosed and Repossessed assets did not include repossessed vehicles.
                                                                                                                                                                                                                        2. Ratios
                                                                                                     Assets
Return to cover                                                                             For Charter : 67583
07/28/2010                                                                                 Count of CU : 1
CU Name:      CTECU                                                                        Asset Range : 10,000,000 - 50,000,000
Peer Group:     3                                                                               Criteria : N/A
                                                                             Count of CU in Peer Group : 0

                                                                          Jun-2009             Sep-2009     % Chg           Dec-2009     % Chg     Mar-2010     % Chg     Jun-2010      % Chg
ASSETS
CASH:
  Cash On Hand                                                               55,852               63,848     14.3              70,708      10.7       64,891     -8.2        69,283          6.8
  Cash On Deposit                                                         1,118,494            1,234,453     10.4           1,833,064      48.5    2,215,047     20.8     2,121,894         -4.2
  Cash Equivalents                                                           99,000               99,000      0.0                   0    -100.0            0     N/A         99,000         N/A
TOTAL CASH & EQUIVALENTS                                                  1,273,346            1,397,301      9.7           1,903,772      36.2    2,279,938     19.8     2,290,177          0.4

INVESTMENTS:
  Trading Securities                                                              0                   0       N/A                   0      N/A             0      N/A             0         N/A
  Available for Sale Securities                                                   0                   0       N/A                   0      N/A             0      N/A             0         N/A
  Held-to-Maturity Securities                                                     0                   0       N/A                   0      N/A             0      N/A             0         N/A
  Deposits in Commercial Banks, S&Ls, Savings Banks                      30,500,488          30,897,488       1.3          30,596,488      -1.0   32,109,732      4.9    32,911,732         2.5
Loans to, Deposits in, and Investments in Natural
 Person Credit Unions2                                                    2,672,060           2,176,035      -18.6          2,077,035      -4.5    1,780,035     -14.3    1,286,010       -27.8
  Total MCSD and PIC in Corporate CUs                                       386,286             386,286        0.0            234,344     -39.3      105,535     -55.0      105,535         0.0
  All Other Investments in Corporate Cus                                          0                   0       N/A                   0      N/A             0      N/A             0        N/A
  All Other Investments2                                                          0                   0       N/A                   0      N/A             0      N/A             0        N/A
TOTAL INVESTMENTS                                                        33,558,834          33,459,809       -0.3         32,907,867      -1.6   33,995,302       3.3   34,303,277         0.9

     LOANS HELD FOR SALE                                                          0                    0      N/A                   0      N/A             0      N/A             0         N/A

LOANS AND LEASES:
   Unsecured Credit Card Loans                                              343,338              365,897       6.6            433,307      18.4      335,377     -22.6      342,958         2.3
   All Other Unsecured Loans/Lines of Credit                                249,832              262,016       4.9            290,666      10.9      285,263      -1.9      309,855         8.6
   New Vehicle Loans                                                      2,422,146            2,525,088       4.3          2,392,389      -5.3    2,120,603     -11.4    2,052,549        -3.2
   Used Vehicle Loans                                                     1,012,232              946,114      -6.5            960,606       1.5      969,951       1.0      913,023        -5.9
   1st Mortgage Real Estate Loans/Lines of Credit                         2,490,516            2,660,231       6.8          3,204,393      20.5    3,301,378       3.0    3,357,974         1.7
   Other Real Estate Loans/Lines of Credit                                         0                    0     N/A                    0     N/A              0     N/A              0       N/A
   Leases Receivable                                                               0                    0     N/A                    0     N/A              0     N/A              0       N/A
   Total All Other Loans/Lines of Credit                                    621,702              513,420     -17.4            500,383      -2.5      373,355     -25.4      497,152        33.2
TOTAL LOANS                                                               7,139,766            7,272,766       1.9          7,781,744       7.0    7,385,927      -5.1    7,473,511         1.2
(ALLOWANCE FOR LOAN & LEASE LOSSES)                                         (28,954)             (35,865)     23.9            (35,941)      0.2      (34,900)     -2.9      (31,823)       -8.8
   Foreclosed Real Estate                                                          0                    0     N/A                    0     N/A              0     N/A              0       N/A
   Repossessed Autos                                                               0                    0     N/A                    0     N/A              0     N/A              0       N/A
   Foreclosed and Repossessed Other Assets                                         0                    0     N/A                    0     N/A              0     N/A              0       N/A
TOTAL FORECLOSED and REPOSSESSED ASSETS1                                           0                    0     N/A                    0     N/A              0     N/A              0       N/A
Land and Building                                                                  0                    0     N/A                    0     N/A              0     N/A              0       N/A
Other Fixed Assets                                                             5,544                4,967    -10.4               3,742    -24.7         2,845    -24.0         1,834      -35.5
NCUA Share Insurance Capitalization Deposit                                 302,048              302,048       0.0            302,048       0.0      302,048       0.0      364,004        20.5

  Identifiable Intangible Assets                                                 0                    0      N/A                    0      N/A            0       N/A            0         N/A
  Goodwill                                                                       0                    0      N/A                    0      N/A            0       N/A            0         N/A
TOTAL INTANGIBLE ASSETS                                                          0                    0      N/A                    0      N/A            0       N/A            0         N/A
  Accrued Interest on Loans                                                 22,810               22,438      -1.6              25,116      11.9      23,271       -7.3      24,917          7.1
  Accrued Interest on Investments                                          212,824              244,328      14.8             217,198     -11.1     237,854        9.5     212,971        -10.5
  All Other Assets                                                          73,955               68,244      -7.7              74,428       9.1      69,009       -7.3      58,108        -15.8
TOTAL OTHER ASSETS                                                         309,589              335,010       8.2             316,742      -5.5     330,134        4.2     295,996        -10.3

TOTAL ASSETS                                                             42,560,173          42,736,036       0.4          43,179,974       1.0   44,261,294      2.5    44,696,976         1.0
TOTAL CU's                                                                        1                   1       0.0                   1       0.0            1      0.0             1         0.0
1
    OTHER RE OWNED PRIOR TO 2004
2
    LOANS TO, DEPOSITS IN, AND INVESTMENTS IN NATURAL PERSON CUs INCLUDED IN ALL OTHER INVESTMENTS PRIOR TO JUNE 2006 FOR SHORT FORM FILERS
# Means the number is too large to display in the cell


                                                                                                                                                                                       4. Assets
                                                                                          Liabilities, Shares & Equity
Return to cover                                                                                   For Charter : 67583
07/28/2010                                                                                       Count of CU : 1
CU Name:      CTECU                                                                             Asset Range : 10,000,000 - 50,000,000
Peer Group:     3                                                                                      Criteria : N/A
                                                                                  Count of CU in Peer Group : 0

                                                                               Jun-2009              Sep-2009   % Chg              Dec-2009    % Chg             Mar-2010    % Chg        Jun-2010    % Chg
LIABILITIES, SHARES AND EQUITY
LIABILITIES:
  Uninsured Secondary Capital                                                          0                    0      N/A                     0     N/A                     0     N/A               0       N/A
  Other Borrowings                                                                   N/A                  N/A                            N/A                           N/A                     N/A
  Other Notes, Promissory Notes, Interest Payable, & Draws
   Against Lines of Credit                                                             0                    0       N/A                   0       N/A                    0      N/A              0       N/A
  Borrowing Repurchase Transactions                                                    0                    0       N/A                   0       N/A                    0      N/A              0       N/A
  Subordinated Debt                                                                    0                    0       N/A                   0       N/A                    0      N/A              0       N/A
  Accrued Dividends and Interest Payable                                          59,554               55,312      -7.1              53,464      -3.3               46,673    -12.7         42,500      -8.9
  Accounts Payable & Other Liabilities                                           126,022              107,005     -15.1              71,796     -32.9               33,826    -52.9        171,732     407.7
TOTAL LIABILITIES                                                                185,576              162,317     -12.5             125,260     -22.8               80,499    -35.7        214,232     166.1

SHARES AND DEPOSITS
  Share Drafts                                                                 2,510,127            2,443,131      -2.7           2,331,217      -4.6            2,716,851     16.5       2,493,871      -8.2
  Regular Shares                                                              15,554,445           16,013,196       2.9          16,094,199       0.5           19,034,692     18.3      18,271,859      -4.0
  Money Market Shares                                                                  0                    0       N/A                   0      N/A                     0      N/A               0      N/A
  Share Certificates                                                          14,762,666           14,528,361      -1.6          15,016,763       3.4           12,980,943    -13.6      14,234,688       9.7
  IRA/KEOGH Accounts                                                           4,374,993            4,368,186      -0.2           4,491,952       2.8            4,395,324     -2.2       4,413,274       0.4
  All Other Shares1                                                                    0                    0       N/A                   0      N/A                     0      N/A               0      N/A
  Non-Member Deposits                                                             10,502                8,344     -20.5               8,056      -3.5                8,342      3.6           8,189      -1.8
TOTAL SHARES AND DEPOSITS                                                     37,212,733           37,361,218       0.4          37,942,187       1.6           39,136,152      3.1      39,421,881       0.7

EQUITY:
  Undivided Earnings                                                           4,551,348            4,601,985      1.1             4,502,011     -2.2            4,434,127     -1.5       4,450,347      0.4
  Regular Reserves                                                               610,516              610,516      0.0               610,516      0.0              610,516      0.0         610,516      0.0
  Appropriation For Non-Conforming Investments (SCU Only)                              0                    0      N/A                     0     N/A                     0     N/A                0      N/A
  Other Reserves                                                                       0                    0      N/A                     0     N/A                     0     N/A                0      N/A
  Equity Acquired in Merger                                                            0                    0      N/A                     0     N/A                     0     N/A                0      N/A
  Miscellaneous Equity                                                                 0                    0      N/A                     0     N/A                     0     N/A                0      N/A
  Accumulated Unrealized G/L on AFS Securities                                         0                    0      N/A                     0     N/A                     0     N/A                0      N/A
  Accumulated Unrealized Losses for OTTI (due to other
   factors) on HTM Debt Securities                                                   N/A                    0                              0     N/A                     0     N/A                0      N/A
  Accumulated Unrealized G/L on Cash Flow Hedges                                       0                    0      N/A                     0     N/A                     0     N/A                0      N/A
  Other Comprehensive Income                                                           0                    0      N/A                     0     N/A                     0     N/A                0      N/A
  Net Income                                                                           0                    0      N/A                     0     N/A                     0     N/A                0      N/A
EQUITY TOTAL                                                                   5,161,864            5,212,501      1.0             5,112,527     -1.9            5,044,643     -1.3       5,060,863      0.3

TOTAL SHARES & EQUITY                                                         42,374,597           42,573,719       0.5          43,054,714       1.1           44,180,795         2.6   44,482,744      0.7

TOTAL LIABILITIES, SHARES, & EQUITY                                           42,560,173           42,736,036       0.4          43,179,974       1.0           44,261,294         2.5   44,696,976      1.0

NCUA INSURED SAVINGS2
   Uninsured Shares                                                            1,751,925            1,650,766      -5.8           1,541,817      -6.6            1,751,106     13.6       1,743,246      -0.4
   Uninsured Non-Member Deposits                                                       0                    0      N/A                    0      N/A                     0      N/A               0      N/A
Total Uninsured Shares & Deposits                                              1,751,925            1,650,766      -5.8           1,541,817      -6.6            1,751,106     13.6       1,743,246      -0.4
Insured Shares & Deposits                                                     35,460,808           35,710,452       0.7          36,400,370       1.9           37,385,046      2.7      37,678,635       0.8
TOTAL NET WORTH                                                                5,161,864            5,212,501       1.0           5,112,527      -1.9            5,044,643     -1.3       5,060,863       0.3
# Means the number is too large to display in the cell
1
    PRIOR TO JUNE 2006, INCLUDED MONEY MKT, SHARE CERTS, IRA/KEOGHs, AND NONMEMBER SHARES FOR SHORT FORM FILERS
2
    PRIOR TO 10/03/08 SHARES INSURED UP TO $100,000; 10/03/08 to 05/20/09 SHARES INSURED UP TO $100,000 and $250,000 FOR IRAS; 5/20/09 AND FORWARD SHARES INSURED UP TO $250,000
                                                                                                                                                                                              5. LiabShEquity
                                                                                                     Income Statement
Return to cover                                                                                         For Charter : 67583
07/28/2010                                                                                             Count of CU : 1
CU Name:      CTECU                                                                                   Asset Range : 10,000,000 - 50,000,000
Peer Group:     3                                                                                           Criteria : N/A
                                                                                        Count of CU in Peer Group : 0

                                                                                     Jun-2009             Sep-2009    % Chg           Dec-2009     % Chg    Mar-2010    % Chg    Jun-2010     % Chg
* INCOME AND EXPENSE
INTEREST INCOME:
   Interest on Loans                                                                   208,191             309,409      -0.9            412,145      -0.1    102,093      -0.9    204,139         0.0
   Less Interest Refund                                                                     (0)                 (0)     N/A                  (0)     N/A          (0)     N/A          (0)        N/A
   Income from Investments                                                             684,764           1,039,357       1.2          1,387,936       0.2    339,353      -2.2    682,809         0.6
   Income from Trading                                                                        0                   0     N/A                    0     N/A            0     N/A            0        N/A
TOTAL INTEREST INCOME                                                                  892,955           1,348,766       0.7          1,800,081       0.1    441,446      -1.9    886,948         0.5
INTEREST EXPENSE:
   Dividends                                                                            76,091             145,593     27.6             200,279       3.2     50,074       0.0    102,259         2.1
   Interest on Deposits                                                                319,562             433,471     -9.6             547,991      -5.2     97,767     -28.6    186,849        -4.4
   Interest on Borrowed Money                                                                0                   0      N/A                   2       N/A          0    -100.0          0         N/A
TOTAL INTEREST EXPENSE                                                                 395,653             579,064     -2.4             748,272      -3.1    147,841     -21.0    289,108        -2.2
PROVISION FOR LOAN & LEASE LOSSES                                                       -2,113               4,798    251.4               4,798     -25.0     11,284     840.7     14,891       -34.0
NET INTEREST INCOME AFTER PLL                                                          499,415             764,904      2.1           1,047,011       2.7    282,321       7.9    582,949         3.2
NON-INTEREST INCOME:
   Fee Income                                                                            5,440               8,560       4.9             11,644       2.0      5,705      96.0      8,719       -23.6
   Other Operating Income                                                                    0                   0       N/A                  0       N/A          0       N/A          0         N/A
   Gain (Loss) on Investments                                                                0                   0       N/A                  0       N/A          0       N/A          0         N/A
   Gain (Loss) on Disposition of Assets                                                      0                   0       N/A                  0       N/A          0       N/A          0         N/A
   Gain from Bargain Purchase (Merger)                                                       0                   0       N/A                  0       N/A          0       N/A          0         N/A
   Other Non-Oper Income/(Expense)                                                     208,413                   0    -100.0           -151,942       N/A   -128,809    -239.1   -128,809        50.0
   NCUSIF Stabilization Income                                                             N/A             208,413                      208,413     -25.0          0    -100.0          0         N/A
TOTAL NON-INTEREST INCOME                                                              213,853             216,973     -32.4             68,115     -76.5   -123,104    -822.9   -120,090        51.2
NON-INTEREST EXPENSE
   Total Employee Compensation & Benefits                                              263,191             397,000      0.6             538,453      1.7     137,830      2.4     281,546         2.1
   Travel, Conference Expense                                                            4,106               5,886     -4.4               9,197     17.2       1,891    -17.8       4,927        30.3
   Office Occupancy                                                                     42,221              60,759     -4.1              82,393      1.7      21,406      3.9      42,812         0.0
   Office Operation Expense                                                             40,306              59,938     -0.9              79,554     -0.5      18,105     -9.0      37,573         3.8
   Educational and Promotion                                                              -326               1,981    505.1               4,013     51.9       2,272    126.5       3,679       -19.0
   Loan Servicing Expense                                                                5,255               7,536     -4.4              10,762      7.1       4,011     49.1       9,576        19.4
   Professional, Outside Service                                                        63,552              95,201     -0.1             127,187      0.2      32,401      1.9      66,232         2.2
   Member Insurance                                                                      5,577               8,477      1.3              11,351      0.4       2,843      0.2       5,690         0.1
   Operating Fees                                                                        3,097               4,697      1.1               7,108     13.5       2,411     35.7       4,823         0.0
   Misc Operating Expense                                                                6,870              10,345      0.4              13,820      0.2       3,931     13.8       7,568        -3.7
TOTAL NON-INTEREST EXPENSE                                                             433,849             651,820      0.2             883,838      1.7     227,101      2.8     464,426         2.3
NET INCOME (LOSS) BEFORE NCUSIF
   STABILIZATION EXPENSE                                                               279,419             330,057    -21.3             231,288     -47.4    -67,884    -217.4     -1,567        98.8
NCUSIF Stabilization Expense                                                           257,782             257,782    -33.3             258,988     -24.6          0    -100.0     50,096         N/A
NET INCOME (Loss)                                                                       21,637              72,275    122.7             -27,700    -128.7    -67,884    -880.3    -51,663        61.9
RESERVE TRANSFERS:
  Transfer to Regular Reserve                                                                 0                  0      N/A                   0      N/A           0      N/A           0         N/A
* All Income/Expense amounts are year-to-date while the related % change ratios are annualized.
# Means the number is too large to display in the cell


                                                                                                                                                                                             6. IncExp
                                                                           Delinquent Loan Information
Return to cover                                                                    For Charter : 67583
07/28/2010                                                                        Count of CU : 1
CU Name:      CTECU                                                               Asset Range : 10,000,000 - 50,000,000
Peer Group:     3                                                                      Criteria : N/A
                                                                    Count of CU in Peer Group : 0

                                                                  Jun-2009            Sep-2009    % Chg            Dec-2009      % Chg    Mar-2010   % Chg               Jun-2010    % Chg
 DELINQUENCY SUMMARY - ALL LOAN TYPES
  1 to < 2 Months Delinquent                                        97,603             125,818      28.9             73,730      -41.4      24,515    -66.8                  3,017    -87.7
  2 to < 6 Months Delinquent                                             0              20,211      N/A              63,731      215.3      49,708    -22.0                  4,799    -90.3
  6 to 12 Months Delinquent                                         23,432                   0    -100.0              9,328       N/A        8,707     -6.7                 57,026    554.9
  12 Months & Over Delinquent                                        7,063              29,883     323.1             29,332       -1.8      27,509     -6.2                 26,807     -2.6
  Total Del Loans - All Types (2 or more Mo)                        30,495              50,094      64.3            102,391      104.4      85,924    -16.1                 88,632      3.2
 LOAN DELINQUENCY - BY LOAN TYPE
Unsecured Credit Card Loans
  1 to < 2 Months Delinquent                                         6,660                   0    -100.0                  0        N/A       6,735    N/A                    2,099    -68.8
  2 to < 6 Months Delinquent                                             0               6,774      N/A                   0      -100.0      1,076    N/A                    4,799    346.0
  6 to 12 Months Delinquent                                         23,432                   0    -100.0              6,900        N/A       6,626    -4.0                   5,772    -12.9
  12 Months & Over Delinquent                                        7,063              29,883     323.1             29,332        -1.8     27,509    -6.2                  26,807     -2.6
  Total Del Credit Card Lns (2 or more Mo)                          30,495              36,657      20.2             36,232        -1.2     35,211    -2.8                  37,378      6.2
Credit Cards DQ > 2 Mo / Total Credit Card Loans                      8.88               10.02      12.8               8.36       -16.5      10.50    25.6                   10.90      3.8
1st Mortgage Fixed Rate and Hybrid/Balloon > 5 years
 1 to < 2 Months Delinquent                                         85,500              72,381     -15.3             72,067        -0.4         0    -100.0                      0      N/A
 2 to < 6 Months Delinquent                                              0              10,953      N/A              10,936        -0.2         0    -100.0                      0      N/A
 6 to 12 Months Delinquent                                               0                   0      N/A                   0        N/A          0      N/A                       0      N/A
 12 Months & Over Delinquent                                             0                   0      N/A                   0        N/A          0      N/A                       0      N/A
 Total Del 1st Mtg Fixed and Hybrid/Balloon Lns > 5yrs
  (2 or more Mo)                                                         0              10,953      N/A              10,936        -0.2         0    -100.0                      0      N/A
%1st Mortgage Fixed and Hybrid/Balloon (> 5 yrs)
  Delinquent > 2 Mo / Total 1st Mtg Fixed and
  Hybrid/Balloons > 5 yrs                                             0.00                 0.41     N/A                   0.34    -17.1       0.00   -100.0                   0.00      N/A
1st Mortgage Adjustable Rate Loans and
  Hybrid/Ballons < 5 years
 1 to < 2 Months Delinquent                                              0                   0      N/A                     0      N/A          0      N/A                       0      N/A
 2 to < 6 Months Delinquent                                              0                   0      N/A                     0      N/A          0      N/A                       0      N/A
 6 to 12 Months Delinquent                                               0                   0      N/A                     0      N/A          0      N/A                       0      N/A
 12 Months & Over Delinquent                                             0                   0      N/A                     0      N/A          0      N/A                       0      N/A
 Total Del 1st Mtg Adj Rate Lns (2 or more Mo)                           0                   0      N/A                     0      N/A          0      N/A                       0      N/A
%1st Mortgage Adjustable Rate Loans and Hybrid/Balloons
  (< 5 years) Delinquent > 2 Mo / Total 1st Mortgage Adjustable       0.00                 0.00     N/A                   0.00     N/A        0.00     N/A                    0.00      N/A
  Rate Loans and Hybrids/Balloons < 5 yrs
Other Real Estate Fixed Rate/Hybrid/Balloon
 1 to < 2 Months Delinquent                                              0                   0      N/A                     0      N/A          0      N/A                       0      N/A
 2 to < 6 Months Delinquent                                              0                   0      N/A                     0      N/A          0      N/A                       0      N/A
 6 to 12 Months Delinquent                                               0                   0      N/A                     0      N/A          0      N/A                       0      N/A
 12 Months & Over Delinquent                                             0                   0      N/A                     0      N/A          0      N/A                       0      N/A
Total Del Other RE Fixed/Hybrid/Balloon Lns (2 or more Mo)               0                   0      N/A                     0      N/A          0      N/A                       0      N/A
%Other Real Estate Fixed/Hybrid/Balloon Loans
  Delinquent > 2 Mo / Total Other RE
  Fixed/Hybrid/Balloon Loans                                          0.00                 0.00     N/A                   0.00     N/A        0.00     N/A                    0.00      N/A
Other Real Estate Adjustable Rate
 1 to < 2 Months Delinquent                                              0                   0      N/A                     0      N/A          0      N/A                       0      N/A
 2 to < 6 Months Delinquent                                              0                   0      N/A                     0      N/A          0      N/A                       0      N/A
 6 to 12 Months Delinquent                                               0                   0      N/A                     0      N/A          0      N/A                       0      N/A
 12 Months & Over Delinquent                                             0                   0      N/A                     0      N/A          0      N/A                       0      N/A
 Total Del Other RE Adj Rate Lns                                         0                   0      N/A                     0      N/A          0      N/A                       0      N/A
%Other Real Estate Adjustable Rate Loans Delinquent > 2 Mo
  / Total Other RE Adjustable Rate Loans                              0.00                 0.00     N/A                   0.00     N/A        0.00     N/A                    0.00      N/A
Leases Receivable
 1 to < 2 Months Delinquent                                              0                   0      N/A                     0      N/A          0      N/A                       0      N/A
 2 to < 6 Months Delinquent                                              0                   0      N/A                     0      N/A          0      N/A                       0      N/A
 6 to 12 Months Delinquent                                               0                   0      N/A                     0      N/A          0      N/A                       0      N/A
 12 Months & Over Delinquent                                             0                   0      N/A                     0      N/A          0      N/A                       0      N/A
 Total Del Leases Receivable (2 or more Mo)                              0                   0      N/A                     0      N/A          0      N/A                       0      N/A
%Leases Receivable Delinquent > 2 Mo
  / Total Leases Receivable                                           0.00                 0.00     N/A                   0.00     N/A        0.00     N/A                    0.00      N/A
All Other Loans
  1 to < 2 Months Delinquent                                         5,443              53,437    881.8               1,663   -96.9         17,780   969.2                     918   -94.8
  2 to < 6 Months Delinquent                                             0               2,484     N/A               52,795 2,025.4         48,632    -7.9                       0 -100.0
  6 to 12 Months Delinquent                                              0                   0     N/A                2,428    N/A           2,081   -14.3                  51,254 2,363.0
  12 Months & Over Delinquent                                            0                   0     N/A                    0    N/A               0    N/A                        0    N/A
  Total Del All Other Lns (2 or more Mo)                                 0               2,484     N/A               55,223 2,123.1         50,713    -8.2                  51,254     1.1
%All Other Loans Delinquent > 2 Mo / Total All Other Loans            0.00                0.06     N/A                 1.33 2,178.2           1.35     1.5                    1.36     0.4
# Means the number is too large to display in the cell


                                                                                                                                                              7. Delinquent Loan Information
                                                                             Loan Losses & Bankruptcy Information, and Loan Modifications
Return to cover                                                                                     For Charter : 67583
07/28/2010                                                                                         Count of CU : 1
CU Name:      CTECU                                                                                Asset Range : 10,000,000 - 50,000,000
Peer Group:     3                                                                                       Criteria : N/A
                                                                                     Count of CU in Peer Group : 0

                                                                                    Jun-2009           Sep-2009    % Chg            Dec-2009      % Chg               Mar-2010     % Chg              Jun-2010    % Chg

LOAN LOSS SUMMARY (TOTAL FOR ALL LOAN TYPES)
 * Total Loans Charged Off                                                                  0                  0     N/A                   0        N/A                  12,324    N/A                   19,008     -22.9
 * Total Loans Recovered                                                                    0                  0     N/A                  76        N/A                       0 -100.0                        0      N/A
* NET CHARGE OFFS ($$)                                                                      0                  0     N/A                 -76        N/A                  12,324 ######                   19,008     -22.9
**%Net Charge-Offs / Average Loans                                                       0.00               0.00     N/A                0.00        N/A                    0.65 ######                     0.50     -23.3

Total Del Loans & *Net Charge-Offs                                                     30,495             50,094    64.3             102,315      104.2                  98,248      -4.0               107,640       9.6
Combined Delinquency and Net Charge Off Ratio                                            0.43               0.69    61.3                1.31       90.9                    1.81      37.9                  1.68      -7.1

LOAN LOSS SUMMARY BY LOAN TYPE
* Unsecured Credit Card Lns Charged Off                                                     0                  0     N/A                    0       N/A                       0      N/A                      0      N/A
* Unsecured Credit Card Lns Recovered                                                       0                  0     N/A                   76       N/A                       0    -100.0                     0      N/A
* NET UNSECURED CREDIT CARD C/Os                                                            0                  0     N/A                  -76       N/A                       0     100.0                     0      N/A
**Net Charge Offs - Credit Cards / Avg Credit Card Loans                                 0.00               0.00     N/A                -0.02       N/A                    0.00     100.0                  0.00      N/A
* All Other Loans Charged Off                                                               0                  0     N/A                    0       N/A                  12,324      N/A                 19,008     -22.9
* All Other Loans Recovered                                                                 0                  0     N/A                    0       N/A                       0      N/A                      0      N/A
* NET ALL OTHER LOAN C/Os                                                                   0                  0     N/A                    0       N/A                  12,324      N/A                 19,008     -22.9
** Net Charge Offs - All Other Loans / Avg All Other Loans                               0.00               0.00     N/A                 0.00       N/A                    1.25      N/A                   0.96     -23.1
* Total 1st Mortgage RE Loan/LOCs Charged Off                                               0                  0     N/A                    0       N/A                       0      N/A                      0      N/A
* Total 1st Mortgage RE Loans/LOCs Recovered                                                0                  0     N/A                    0       N/A                       0      N/A                      0      N/A
* NET 1st MORTGAGE RE LOANS/LOCs C/Os                                                       0                  0     N/A                    0       N/A                       0      N/A                      0      N/A
** Net Charge Offs - 1st Mortgage RE Loans/LOCs
     / Avg 1st Mortgage RE Loans/LOCs                                                    0.00               0.00     N/A                0.00        N/A                    0.00      N/A                   0.00      N/A
* Total Other RE Loans/LOCs Charged Off                                                     0                  0     N/A                   0        N/A                       0      N/A                      0      N/A
* Total Other RE Loans/LOCs Recovered                                                       0                  0     N/A                   0        N/A                       0      N/A                      0      N/A
* NET OTHER RE LOANS/LOCs C/Os                                                              0                  0     N/A                   0        N/A                       0      N/A                      0      N/A
**Net Charge Offs - Other RE Loans/LOCs
     / Avg Other RE Loans/LOCs                                                           0.00               0.00     N/A                0.00        N/A                    0.00      N/A                   0.00      N/A
*Total Real Estate Loans Charged Off                                                        0                  0     N/A                   0        N/A                       0      N/A                      0      N/A
*Total Real Estate Lns Recovered                                                            0                  0     N/A                   0        N/A                       0      N/A                      0      N/A
*NET Total Real Estate Loan C/Os                                                            0                  0     N/A                   0        N/A                       0      N/A                      0      N/A
** Net Charge Offs - Total RE Loans / Avg Total RE Loans                                 0.00               0.00     N/A                0.00        N/A                    0.00      N/A                   0.00      N/A
*Total Modified 1st & Other Real Estate Lns Charged Off                                     0                  0     N/A                   0        N/A                       0      N/A                      0      N/A
*Total Modified 1st and Other Real Estate Lns Recovered                                     0                  0     N/A                   0        N/A                       0      N/A                      0      N/A
*NET Modified Real Estate C/Os                                                              0                  0     N/A                   0        N/A                       0      N/A                      0      N/A
** Net Charge Offs - Total Modified RE Loans
     / Avg Total Modified RE Loans                                                        N/A                N/A                        0.00                               0.00      N/A                   0.00      N/A
* Total Leases Receivable Charged Off                                                       0                  0     N/A                   0        N/A                       0      N/A                      0      N/A
* Total Leases Receivable Recovered                                                         0                  0     N/A                   0        N/A                       0      N/A                      0      N/A
* NET LEASES RECEIVABLE C/Os                                                                0                  0     N/A                   0        N/A                       0      N/A                      0      N/A
**Net Charge Offs - Leases Receivable
     / Avg Leases Receivable                                                             0.00               0.00     N/A                0.00        N/A                    0.00      N/A                   0.00      N/A
BANKRUPTCY SUMMARY
 Number of Members Who Filed Chapter 7 YTD                                                  0                  0     N/A                      0     N/A                        0     N/A                      0      N/A
 Number of Members Who Filed Chapter 13 YTD                                                 0                  0     N/A                      0     N/A                        0     N/A                      0      N/A
 Number of Members Who Filed Chapter 11 YTD                                                 0                  0     N/A                      0     N/A                        0     N/A                      0      N/A
Total Number of Members Bankrupt                                                            0                  0     N/A                      0     N/A                        0     N/A                      0      N/A

Total Loans Outstanding Subject to Bankruptcy (Ch 7,13,11)                                  0                  0     N/A                      0     N/A                        0     N/A                      0      N/A
* All Loans Charged Off due to Bankruptcy YTD                                               0                  0     N/A                      0     N/A                        0     N/A                      0      N/A
%Charge Offs Due To Bankruptcy (YTD)
  / Total Charge Offs (YTD)                                                              0.00               0.00     N/A                0.00        N/A                    0.00      N/A                   0.00      N/A
LOAN MODIFICATIONS OUTSTANDING
 Modified First Mortgate RE Loans                                                           0                  0     N/A                      0     N/A                        0     N/A                      0      N/A
 Modified Other RE Loans                                                                    0                  0     N/A                      0     N/A                        0     N/A                      0      N/A
Total Modified First and Other RE Loans                                                     0                  0     N/A                      0     N/A                        0     N/A                      0      N/A
Modified RE Loans Also Reported as Business Loans                                           0                  0     N/A                      0     N/A                        0     N/A                      0      N/A
 Modified Consumer Loans (Not Secured by RE)                                              N/A                N/A                            N/A                                0                              0      N/A
 Modified Business Loans (Not Secured by RE)                                              N/A                N/A                            N/A                                0                              0      N/A
TOTAL Modified First RE, Other RE, Consumer, and
  Business Loans                                                                          N/A                N/A                            N/A                               0                               0      N/A
Total Modified Loans to Total Loans                                                       N/A                N/A                            N/A                            0.00                            0.00      N/A
Total Modified Loans to Net Worth                                                         N/A                N/A                            N/A                            0.00                            0.00      N/A
# Means the number is too large to display in the cell
*Amounts are year-to-date while the related %change ratios are annualized.
** Annualization factor: March = 4; June = 2; September =4/3; December = 1 (or no annualizing)


                                                                                                                                                          8. Loan Losses & Bankruptcy Information, and Loan Modifications

								
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