1. Educating Members for Financial Success
Annual Report
2014
Celebrating $100 Million in Assets!
2014 Annual Report
Pickens Technical College
Multimedia Graphic Design
Designed By: Jenika Enoch
Locations: Main Branch
751 Chambers Rd. Aurora, CO 80011
High Point Branch
18856 E Hampden Ave. Aurora, CO 80013
Pickens Technical College
500 Airport Blvd. Aurora, CO 80011
Phone: Credit Union
303-360-0987
Toll-Free
877-208-2979
Telephone Teller
303-360-7226
Main Fax
303-360-0511
Website: www.asfcu.com

2. 2014 President’s Report
AFSCU reached the $100 million in total assets milestone in October, which is quite an
accomplishment. As your financial parter we appreciate your business and support. We could
not have done it without your involvement. We had another successful year, and we continue to
grow and provide new services for our membership. Technology is going to be a big factor as we
strategize for future products and services.
Providing mobile capabilities, along with lower fees and conveniences to access your money are
priorities for 2015. Our financial members continue to be very strong and compared to our peers were
much better than most, especially on lower deliquency ratio, net income, and controlling expenses.
During the past year we’ve heard a lot about credit card data breaches. This is a huge concern to us and our
industry. We need your help in monitoring your credit card and checking accounts. We recommend that you review
your accounts frequently to see if any ACH items, outgoing wires, or online transactions have taken place. Contact us immediately if you
notice any unauthorized activity.
We offer an Identity Recovery Service that will work on your behalf to restore your identity, monitor your credit report for twelve months, and
give you peace of mind during this unfortunate circumstance.
Also, we offer free document shredding in the Spring and Fall every year. Watch for details on the website, in our newsletter or at each
branch.
On behalf of the Board of Directors, Supervisory Committee, Management, and the staff of your credit union, we hope 2015 finds you healthy
and that it will be a prosperous year for you and your loved ones.
Respectfully,
Brad Johnson (President and CEO, ASFCU)
and your Board of Directors
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Brad Johnson - CEO, Aurora Schools Federal Credit Union
Sandra Mishler - Director, Aurora Schools Federal Credit Union
Teri Lawson - Business Instructor, Hinkley High School (APS)
John Lawson - Graphic Design Instructor, Pickens Technical College
Roy Smith - Family Liason, Aurora Hills Middle School (APS)
Sue Miles - Retired, Aurora Public Schools
Todd Williams - Agency Executive, The Horace Mann Company
Janet Kiyota - Business Owner, Trion Promotion and Design
Chris Vann - Truancy Reduction Coordinator, Division of Equity and Engagement (APS)
The ASPIRE Foundation was formed by Aurora Schools Federal Credit Union to
raise money for scholarships and classroom initiatives to benefit Aurora students.
Last year we held the 1st annual, “A Taste for Education” event, where we
treated guests to food, wine, and craft beer tasting in an effort to raise funds for
scholarships. During the event, we presented six scholarship awards to recipients
from six APS high schools. Through ticket sales and a silent auction, we raised
more than $6,000 for scholarships. The silent auction was a huge success and
featured artwork by students from Pickens Technical College.
The ASPIRE Foundation raised additional funds through other, smaller initiatives
as well. We had our ASPIRE for Change Drive which raised funds and awareness
during free shred day at the Credit Union. We also sold fruit cake in the Credit
Union lobbies during the holidays. Moreover, our staff at ASFCU has been raising
funds by saving aluminum cans.
This year theASPIRE Foundation is holding its 2nd annual, “ATaste for Education”
event, on May 8th at the Radisson Hotel in Aurora. We are anticipating awarding
eight scholarships; seven to APS as well as a new scholarship for Cherry Creek
students who attend Aurora schools. We are already working on our silent
auction items and the students at Pickens Technical College are hard at
work designing skateboards for this year’s event. For tickets and other
information about the foundation, please call (303) 577-1069. To be notified
of all upcoming ASPIRE events, please visit us at www.cuaspire.com
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3. “ A good financial plan is a road
map that shows us exactly how the
choices we make today will
affect our future. ”
-Alexa Von Tobel
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2014
Member
Benefits
Report Card Rewards
$2 for every A, $1 for every B
“Smarty Kids” Youth Savings Accounts
Prizes earned for each savings deposit
Auto Loans
Members 18+ eligible
Local Business Discounts
Sprint and General Motors
Overdraft Protection
Lifetime Membership
Once you join, you’re in for life!
Co-op Transactions
All Local Branches
Three convenient Aurora branches
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4. 2014 Supervisory Committee Report
OurSupervisoryCommitteeconsistsofthreevolunteers,whoareappointedannually
by the Board of Directors. The Supervisory Committee’s primary responsibility is
ensuring the safety and soundness of the credit union and member funds, while
also monitoring the accuracy of credit union records.
To assist in fulfilling these responsibilities, the Supervisory Committee retained the
public accounting of Holben, Hay, Lake, Balzer, LLC to perform interim and annual
internal audits. These audit review and test branch and department operations to
ensure compliance with policies and procedures and to confirm that the appropriate
internal controls are in place.
The Committee is responsible for thoroughly reviewing the audit reports and reporting any
findings to the Board of Directors. The management team must address all recommendations and
respond accordingly. Audit responses are reviewed and monitored by the Supervisory Committee at
least quarterly. It is our opinion that your credit union continues to be run in a safe and sound manner.
The Committee appreciates your continued confidence in our oversight role. The support and cooperation of the Board of Directors,
management, and employees has assisted us in the performance of our duties and is greatly appreciated.
As committee members, we take pride in being able to offer you a safe and sound envronment in which to conduct your financial business
and we look forward to serving you in the years to come. Thank you for your continued support of ASFCU.
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Total Members’
Equity
Total Shares
2014
2014
2013
2013
2012
2012
2014 - $99,982,086
2013 - $96,398,003
2012 - $95,938,609
2014 - $89,502,806
2013 - $86,273,743
2012 - $86,203,714
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5. “We make our members’ lives
easier and improve their
financial success
ina changing world”
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Net Loans
& Leases
Total Assets
2014
2014
2013
2013
2012
2012
2014 - $50,506,939
2013 - $53,923,991
2012 - $54,543,191
2014 - $99,982,086
2013 - $96,398,003
2012 - $95,938,609
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Snapshot of 2014

6. Comparative Statement of Consolidated Financial Condition
Unsecured Credit Card Loans $1,641,871 $1,806,260 $1,919,461
Other Unsecured Loans/Lines of Credit 889,333 951,699 1,042,773
New Vehicle Loans 2,437,323 2,717,545 3,710,044
Used Vehicle Loans 7,963,152 8,550,317 9,503,030
1st Mortgage Real Estate Loans 30,771,286 32,992,638 30,429,619
Other Real Estate Loans 6,653,458 6,573,196 7,564,630
All Other Secured Loans 508,542 745,263 916,586
LESS: Allowance for Loan/Lease Losses (358,026) (412,927) (542,952)
NET LOANS AND LEASES TO MEMBERS $50,506,939 $53,923,991 $54,543,191
Cash and Cash Equivalents Investments $3,326,513 $4,703,247 $7,342,344
Investments - 3 Months to 8 Years 41,776,951 33,476,149 31,340,287
Prepaid & Deferred Expenses 121,254 144,297 116,793
Accrued Income & Other Receivables 204,207 211,917 395,093
Foreclosed and Repossessed Assets 15,000 15,000 46,783
Land and Building 782,648 818,302 853,956
Other Fixed Assets 212,543 168,054 241,191
NCUA Share Ins Capitalization Deposit 859,501 845,445 856,023
Credit Union Service Organizations 180,080 159,666 143,287
OTHER ASSETS 1,996,450 - 59,661
TOTAL ASSETS $99,982,086 $96,398,003 $95,938,609
ASSETS AS OF 12/31/2014 12/31/2013 12/31/2012
Liabilities, Shares & Members’ Equity
Accounts Payable and Other Liabilities $102,677 $130,539 $141,105
Dividends Payable 2,679 3,982 2,742
Accrued Expenses 182,105 162,121 166,883
TOTAL LIABILITIES $287,461 $296,642 $310,730
Regular Shares $18,066,650 $16,417,364 $15,371,024
Share Drafts 10,866,691 10,442,889 10,254,716
Money Market Shares 26,035,780 23,327,978 21,883,127
Certificates 24,308,951 25,284,546 27,931,476
IRA Certificates and Shares 10,204,734 10,746,966 10,741,371
Non-Member Certificates - - 99,000
TOTAL SHARES $89,502,806 $86,273,473 $86,230,714
Regular Reserve 2,042,705 2,042,705 2,042,705
Undivided Earnings 8,149,114 7,784,913 7,354,460
Total Members’ Equity $10,191,819 $9,827,618 $9,397,165
TOTAL LIABILITIES, SHARES
& MEMBERS’ EQUITY
$99,982,086 $96,398,003 $95,938,609
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