Page 11 - 2025 Annual Report
P. 11
Independent Auditor’s Report
February 9, 2026
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, 2025 and 2024, and the related statements of comprehensive
income, members’ equity, and cash flows for the years then ended (not presented herein);
and in our report dated February 9, 2026, 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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