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2011 Report Annual Federal Credit Union

Presidents Message Bethpagehasestablisheditsreputation byprovidingextraordinaryvalue,serviceand convenience,builtonafoundationofsound businesspracticesandfinancialstrength. In2011,ourassetsgrewtomorethan4.5 billion,andtodaywearenotonlythe largestcredituniononLongIsland,butwe arealsothelargestinNewYorkState, largestintheNortheastandthe18th largestintheUnitedStatesYearendresults includedrecordnetincomeof41millionanddepositgrowthof450 million.Asanonprofitfinancial

Statements of Financial Condition December 31, 2011 and 2010 Assets Cashandcashequivalents Investments Availableforsale Other Loansheldforsale Loansreceivable,net Mortgageservicingrights,net Accruedinterestreceivable Propertyandequipment NationalCreditUnionShare InsuranceFunddeposit Realestateacquiredthrough foreclosure Otherassets Total assets Liabilities and Members Equity Liabilities Membersshares Borrowedfunds Accruedexpensesandother liabilities Total liabilities 4,035,702 103,929 4,139,63

Supervisory Committees Report TheSupervisoryCommitteeiscomposedofindependentvolunteerswhoare primarilyresponsibleforensuringthatthefinancialconditionofBethpageFederal CreditUnionisaccuratelystatedandpresented. TheCommitteesmajorresponsibilitiesaretoyou,themembersofBethpage FederalCreditUnion.TheCommittee EnsurescompliancewithNCUAguidelinesandregulations. Monitorsthefinancialreportingbymanagement. OverseestheroleoftheInternalAuditdepartment. MakessurethatBethpageFederalCreditUnionrespondstoth

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