I have concluded
the annual review of the books
and records of Reed Credit
Union. The review covered a
period of 11 months from
December 1, 2010 thru October
31, 2011. The review was
performed in accordance with
Rule 91.516 of the Texas Credit
Union Department and Section
715 of the NCUA Rules and
Regulations.
The review
included a test and examination
of substantially all accounts
and records of the credit union
including a review of the
internal controls of the credit
union. The financial statements
presented in this report fairly
represents the financial
condition of Reed Credit Union
as of October 31, 2011.
Accounting practices and
procedures are well documented.
Capital Ratios continue to be
strong.
Joe
E Hamilton & Associates
