Page 11 - 2023 Annual Report
P. 11
Independent Auditor’s Report
February 5, 2024
To the Supervisory Committee of Educational Systems Federal Credit Union:
We have audited, in accordance with auditing standards generally accepted in the
United States of America the statements of financial condition of Educational Systems
Federal Credit Union as of December 31, 2023 and 2022, and the related statements of
comprehensive income (loss), members’ equity, and cash flows for the years then ended
(not presented herein); and in our report dated February 5, 2024, we expressed an
unmodified opinion on those financial statements.
In our opinion, the information set forth in the accompanying condensed financial
statements is fairly stated, in all material respects, in relation to the financial statements
from which it has been derived.
D DeeLLeeoonn && SSttaanngg
DeLeon & Stang, CPAs and Advisors
Frederick, Maryland
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