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Note 2: Available for Sale Securities: Credit Losses Recognized on Investments Policy (Policies) | 12 Months Ended
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Jun. 30, 2019
Policies |
Credit Losses Recognized on Investments Policy | Credit losses recognized on investments. During fiscal 2009, the Company adopted ASC 820, formerly FASB Staff Position 157-4, “Determining Fair Value When the Volume and Level of Activity for the Asset or Liability Have Significantly Decreased and Identifying Transactions That Are Not Orderly.” The following table provides information about the trust preferred security for which only a credit loss was recognized in income and other losses are recorded in other comprehensive income (loss) for the years ended June 30, 2019 and 2018.

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