Ingersoll-Rand Federal Credit Union

Financials








INGERSOLL-RAND FEDERAL CREDIT UNION
BALANCE SHEET

 

SEPTEMBER 30, 2014

   
   

ASSETS

 
   
Loans - Regular

$  12,557,446.27

Loans - VISA Credit Cards

614,983.65

Loans - PHEAA

761,707.54

VISA Cash Advance      280.00
Student Choice Loans 637,254.47
Allowance for Loan Losses

(48,290.02)

Allowance for OP Losses (72.41)
   
Cash In Bank 1,095,775.31
   
Investments:  
Mid-Atlantic Corporate FCU - Shares/Federal Funds 1,575,995.78
Mid-Atlantic Corporate FCU - MCSD 257,404.13
Various CD's (Held to Maturity) 40,588,192.43
Citizens & Northern Bank 844,421.78
Central Liquidity Facility (CLF) 153,778.55 
   
   
Loans Held For Sale  205,964.20
Prepaid and Deferred Expenses 42,172.96
   
Land 100,000.00
Building 626,975.24
Building - Depreciation (387,204.61)
Furniture and Equipment 383,991.48
Furniture and Equipment - Depreciation (312,237.25)
Other Accounts Receivable 0.00
Accrued Income - Investments 58,731.50
Accrued Income - Loans 30,782.80
   
NCUSIF Insurance Fund 487,023.62
  ___________________
   
TOTAL ASSETS $ 60,275,077.42
   
   
   
LIABILITIES  
   
Accounts Payable $3,715.00
Money Orders 4,848.81
VISA Chargeback/Payment in Process 0.00
ATM Suspense/Dispute 0.00
MasterCard Chargeback in Process 187.02
Various Payroll Taxes 4,594.25
   
VISA Gift Cards 0.00
Accrued Dividends 18,312.48
Interest Refund Payable     0.00
Accrued Liability - Premium Assessment      0.00
Accrued Property Taxes/Accrued Annual Meeting Expense 5,852.12
Liability for Pension (FAS 158) 264,953.41
Other Liabilities (15,467.53)
Unprocessed Data - Home Banking

8,915.56

 

____________________
      TOTAL LIABILITIES     $   295,911.12
   
   
MEMBER'S EQUITY  
   
Shares $ 31,134,619.40
Member CD's 4,814,410.21
Member IRA's 12,618,007.93
   
Regular Reserve 609,048.98
Undivided Earnings

11,165,111.19

Gain/Loss - Investsments 277.20
 Unrealized Gain/Loss - Pension (FAS 158) (362,308.61)
  ____________________
      TOTAL EQUITY $  59,979,166.30
   
TOTAL ASSETS

$ 60,275,077.42 

 
 

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