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<br /> Chartw<br /> ay Federal Credit Union2009 Annual Repo ars<br /> rt Celebrating Fifty Ye<br /> Board of Directors<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> TOP ROW (L TO R): Dallas L. England, Director; Wayne E. Foshay, 2nd Vice Chairman; Robert O. Holmes, Director;<br /> George E. Sauer, Director; Albert C. Merritt, Director; Melvin S. Mizelle, Treasurer<br /> bOTTOM ROW (L TO R): Judith P. Sparrow, 1st Vice Chairman; E. L. Gull, Jr., Chairman; John L. McGrath, Secretary<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> 16<br /> Notesto Consolidated Financial Statements<br /> 1. SIGNIFICANT ACCOUNTING POLICIES<br /> Nature of Operations: Chartway Federal Credit Union is a cooperative association<br /> holding a corporate c<a title="Chartway | 2009 Annual Report page 18" href="http://catalog.proemags.com/publication/e042a33c?page=18">Board of DirectorsTO</a> Board of DirectorsTO<a title="Chartway | 2009 Annual Report page 10" href="http://catalog.proemags.com/publication/e042a33c?page=10">Notesto Consolidated Financial Statements1. SIGN</a> Notesto Consolidated Financial Statements1. SIGN<a title="Chartway | 2009 Annual Report page 5" href="http://catalog.proemags.com/publication/e042a33c?page=5">President&rsquo;s MessageI&rsquo;ll never forget the mornin</a> President&rsquo;s MessageI&rsquo;ll never forget the mornin<a title="Chartway | 2009 Annual Report page 8" href="http://catalog.proemags.com/publication/e042a33c?page=8">2009 Financial StatementsConsolidated Statement </a> 2009 Financial StatementsConsolidated Statement <a title="Chartway | 2009 Annual Report page 12" href="http://catalog.proemags.com/publication/e042a33c?page=12">Notesto Consolidated Financial Statementscapital</a> Notesto Consolidated Financial Statementscapital<a title="Chartway | 2009 Annual Report page 11" href="http://catalog.proemags.com/publication/e042a33c?page=11">(2) the financial condition and near-term prospec</a> (2) the financial condition and near-term prospec<a title="Chartway | 2009 Annual Report page 1" href="http://catalog.proemags.com/publication/e042a33c?page=1">Chartway Federal Credit Union2009 Annual Repo </a> Chartway Federal Credit Union2009 Annual Repo <a title="Chartway | 2009 Annual Report page 9" href="http://catalog.proemags.com/publication/e042a33c?page=9">Year Ending September 30, 2009Consolidated Sta</a> Year Ending September 30, 2009Consolidated Sta<a title="Chartway | 2009 Annual Report page 6" href="http://catalog.proemags.com/publication/e042a33c?page=6">Treasurer&rsquo;s ReportChartway has a remarkable his</a> Treasurer&rsquo;s ReportChartway has a remarkable his<a title="Chartway | 2009 Annual Report page 16" href="http://catalog.proemags.com/publication/e042a33c?page=16">Notesto Consolidated Financial StatementsUnfunde</a> Notesto Consolidated Financial StatementsUnfunde<a title="Chartway | 2009 Annual Report page 2" href="http://catalog.proemags.com/publication/e042a33c?page=2">C e Yel brating Fifty ears</a> C e Yel brating Fifty ears<a title="Chartway | 2009 Annual Report page 7" href="http://catalog.proemags.com/publication/e042a33c?page=7">Independent Auditor&rsquo;s ReportWe have audited the</a> Independent Auditor&rsquo;s ReportWe have audited the<a title="Chartway | 2009 Annual Report page 4" href="http://catalog.proemags.com/publication/e042a33c?page=4">Chairman&rsquo;s MessageAs America&rsquo;s credit unions ma</a> Chairman&rsquo;s MessageAs America&rsquo;s credit unions ma<a title="Chartway | 2009 Annual Report page 19" href="http://catalog.proemags.com/publication/e042a33c?page=19"> &ldquo;Chartway is the best thing that &ldquo;Chartwa</a> &ldquo;Chartway is the best thing that &ldquo;Chartwa<a title="Chartway | 2009 Annual Report page 15" href="http://catalog.proemags.com/publication/e042a33c?page=15">6. MEMbERS&rsquo;SHARESMembers&rsquo;shares are summarized a</a> 6. MEMbERS&rsquo;SHARESMembers&rsquo;shares are summarized a<a title="Chartway | 2009 Annual Report page 20" href="http://catalog.proemags.com/publication/e042a33c?page=20">www.chartway.com Your savin</a> www.chartway.com Your savin<a title="Chartway | 2009 Annual Report page 3" href="http://catalog.proemags.com/publication/e042a33c?page=3">Table of ContentsChairman&rsquo;s Message ..........</a> Table of ContentsChairman&rsquo;s Message ..........<a title="Chartway | 2009 Annual Report page 14" href="http://catalog.proemags.com/publication/e042a33c?page=14">Notesto Consolidated Financial Statements3. LOAN</a> Notesto Consolidated Financial Statements3. LOAN<a title="Chartway | 2009 Annual Report page 13" href="http://catalog.proemags.com/publication/e042a33c?page=13">2. INVESTMENTSInvestments classified as availabl</a> 2. INVESTMENTSInvestments classified as availabl<a title="Chartway | 2009 Annual Report page 17" href="http://catalog.proemags.com/publication/e042a33c?page=17"> The inputs for the determination of the fair</a> The inputs for the determination of the fair