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Note 3: Securities: Credit Losses Recognized on Investments Policy (Policies) | 9 Months Ended
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Mar. 31, 2020
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.” There were no credit losses recognized in income and other losses or recorded in other comprehensive income for the three- and nine- month periods ended March 31, 2020 and 2019.

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