Fraternity-Testvériség, 1997 (75. évfolyam, 1-4. szám)

1997-04-01 / 2. szám

Page 6

TESTVÉRISÉG

FROM THE TREASURER’S OFFICE

FINANCIAL REPORT

DECEMBER 31, 1996

The Hungarian Reformed Federation of America enjoys a healthy, strong and solvent financial position. We can meet all present and future obligations. The statistics for 1996 are:

ASSETS

Bonds

$17,858,361

Mortgage loans on real estate

3,075,914

Real estate occupied by society

931,441

Certificate loans and liens

318,225

Cash on hand & on deposit

554,354

Investment income due & accrued

420,563

Premiums collected not yet remitted

8,628

Aggregate write-ins for invested assets

36.449

TOTAL ASSETS

$23,203,935

LIABILITIES

Aggregate reserve for life certificate

$12,427,783

Aggregate reserve

53,684

for accident & health certif.

Certificate-contract claims

111,000

Premiums received in advance

122,627

Commissions due to field workers

3,482

General expenses due & accrued

22,440

Adjustment due to foreign

165,023

exchange rates

Liabilities for employees benefits

1,210,133

Interest maintenance reserve

292,481

Asset valuation reserve

350,291

Aggregate write-ins for liabilities

203.359

TOTAL LIABILITIES

$14,962,303

Mortality rate experience 68.7

Dues income 450,075

BENEFITS PAID TO MEMBERS

Death

Matured

Surrender

$476,146

155,697

194,062

eSafes

STUDENT AID & LOAN FUND

Financial Status — December 31, 1996

Balance on checking account $ 5,188.58

12/31/1995

Income 1996 22,835.21

Disbursements 7,525.00

Balance 12/31/1996 $20,498.79

STUDENT AID INVESTMENTS

Bonds:

Pacific Bell (7.0%) $60,000

U.S. Leasing International (7.2%) 40,000

SuzanneS. Virgulák, Treasuer

UNASSIGNED FUNDS SURPLUS

KEY INDICATORS

Assets

New insurance written Insurance in force Certificates in force Investment income Investment yield (%) Solvency ratio Unassigned funds - surplus

$ 8,241,632

$23,203,935

2,052,000

45,080,000

15,453

1,312,703

5.8

154.75

8,241,632

ATTENTION MEMBERS

rAííU'DDUBMU'ridUUl

►

For the 100th anniversary of the founding of our society, we offer $3,000 extra life insurance to our members up to age 70.

Members who wish to add extra insurance to their present policies, please call your local agent or the Home Office at (202) 328-2630.