Ingersoll-Rand Federal Credit Union
Financials








INGERSOLL-RAND FEDERAL CREDIT UNION
BALANCE SHEET

 

JANUARY 31, 2016

   
   

ASSETS

 
   
Loans - Regular

$  13,370,626.78

Loans - VISA Credit Cards

646,896.12

Loans - PHEAA

599,912.19

VISA Accounts Receivable      0.00
Student Choice Loans 981,641.94
Allowance for Loan Losses

(107,217.54)

Allowance for OP Losses (1,320.53)
   
Cash In Bank 1,207,896.60
   
Investments:  
Mid-Atlantic Corporate FCU - Shares/Federal Funds 1,845,164.42
Mid-Atlantic Corporate FCU - MCSD 257,404.13
Various CD's (Held to Maturity) 35,929,398.83
Citizens & Northern Bank 2,838,089.44
Central Liquidity Facility (CLF) 154,355.00
   
   
Loans Held For Sale  200,429.86
Prepaid and Deferred Expenses 26,505.25
   
Land 100,000.00
Building 630,676.74
Building - Depreciation (415,108.89)
Furniture and Equipment 373,892.34
Furniture and Equipment - Depreciation (299,361.87)
Other Accounts Receivable 0.00
Accrued Income - Investments 49,259.21
Accrued Income - Loans 28,904.98
   
NCUSIF Insurance Fund 478,822.60
  ___________________
   
TOTAL ASSETS $ 58,896,867.60
   
   
   
LIABILITIES  
   
Accounts Payable $          199,448.92
Money Orders 4,464.40
VISA Chargeback/Payment in Process 956.75
ATM Suspense/Dispute 0.00
MasterCard Chargeback in Process (4,352.74)
Various Payroll Taxes 4,296.48
   
VISA Gift Cards 100.00
Accrued Dividends 14,390.80
Interest Refund Payable     700.00
Accrued Liability - Premium Assessment      2,083.33
Accrued Property Taxes/Accrued Annual Meeting Expense 7,074.98
Liability for Pension (FAS 158) 292,221.16
Other Liabilities 12,464.49
Unprocessed Data - Home Banking

7,239.84

 

____________________
      TOTAL LIABILITIES     $   541,088.41
   
   
MEMBER'S EQUITY  
   
Shares $ 31,278,750.17
Member CD's 3,848,966.30
Member IRA's 11,527,392.06
   
Regular Reserve 609,048.98
Undivided Earnings

11,448,710.80

Gain/Loss - Investments 0.00
 Unrealized Gain/Loss - Pension (FAS 158) (357,089.12)
  ____________________
      TOTAL EQUITY $  58,355,779.19
   
TOTAL ASSETS

$ 58,896,867.60 

 
 

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