Financial Reports

Annual Report

• 2009 Annual Report
• 2008 Annual Report
• 2010 Annual Report
• 2011 Annual Report

Half Yearly Report

• December 2010

Prudential Disclosures

The activities of Holiday Coast Credit Union, like all other Credit Unions, Building Societies, Banks and other financial institutions, are regulated by a Federal Government body, APRA (The Australian Prudential Regulation Authority). The primary role of APRA is to ensure the stability of the financial industry and a key way it does this is through stringent capital adequacy requirements. Holiday Coast Credit Union is required to provide financial information to APRA on a monthly basis and APRA also conducts on-site prudential reviews of the Credit Union periodically.

A key indicator APRA use to ensure that the Credit Union remains financially stable is our level of capital, which allows us to carry on our day-to-day activities, and also acts as a reserve, or buffer, to cover any unforeseen losses that may occur.

It is one of the duties of our Board to ensure that we maintain a level, and quality, of capital sufficient to cover the risks to which we are exposed. As from September 2008, Holiday Coast Credit Union is required to disclose information about our capital for the information of members and prospective members (hence the heading 'Prudential Disclosures'). The Prudential Disclosures table shows our assets, their 'risk weight' and total capital (i.e. reserves and retained profits).

This data is used to calculate a 'Capital Adequacy Ratio', which APRA monitors to ensure it does not fall below their minimum requirement of 8%.

Capital Structure

• As at 30 June 2011

Prudential Disclosures

• As at 31 December 2011
• As at 30 September 2011
• As at 30 June 2011
• As at 31 March 2011