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LINE OF CREDIT
6 Months Ended
Jun. 30, 2013
LINE OF CREDIT  
LINE OF CREDIT

NOTE 2 — LINE OF CREDIT

 

The Cooperative established a $1,000,000 line of credit with a variable interest rate based on the prime rate maturing July 16, 2013.  The line of credit is secured by business assets.  At June 30, 2013, the Cooperative had no outstanding balance on the line of credit. Subsequent to period end, the line of credit was renewed.