Ingersoll-Rand Federal Credit Union

Financials








INGERSOLL-RAND FEDERAL CREDIT UNION
BALANCE SHEET

 

OCTOBER 31, 2014

   
   

ASSETS

 
   
Loans - Regular

$  12,672,730.27

Loans - VISA Credit Cards

596,346.47

Loans - PHEAA

697,377.88

VISA Cash Advance      280.00
Student Choice Loans 637,122.53
Allowance for Loan Losses

(47,636.75)

Allowance for OP Losses (526.98)
   
Cash In Bank 966,472.14
   
Investments:  
Mid-Atlantic Corporate FCU - Shares/Federal Funds 2,484,161.01
Mid-Atlantic Corporate FCU - MCSD 257,404.13
Various CD's (Held to Maturity) 40,091,188.43
Citizens & Northern Bank 795,785.09
Central Liquidity Facility (CLF) 153,875.15 
   
   
Loans Held For Sale  381,433.84
Prepaid and Deferred Expenses 35,341.92
   
Land 100,000.00
Building 629,783.11
Building - Depreciation (389,076.34)
Furniture and Equipment 383,991.48
Furniture and Equipment - Depreciation (314,612.41)
Other Accounts Receivable 0.00
Accrued Income - Investments 54,812.42
Accrued Income - Loans 25,797.47
   
NCUSIF Insurance Fund 491,628.80
  ___________________
   
TOTAL ASSETS $ 60,703,679.66
   
   
   
LIABILITIES  
   
Accounts Payable $(242,540.00)
Money Orders 8,755.47
VISA Chargeback/Payment in Process 0.00
ATM Suspense/Dispute 0.00
MasterCard Chargeback in Process 242.78
Various Payroll Taxes 4,815.77
   
VISA Gift Cards 0.00
Accrued Dividends 18,976.15
Interest Refund Payable     1,500.00
Accrued Liability - Premium Assessment      0.00
Accrued Property Taxes/Accrued Annual Meeting Expense 7,643.78
Liability for Pension (FAS 158) 274,042.66
Other Liabilities 2,845.63
Unprocessed Data - Home Banking

21,556.80

 

____________________
      TOTAL LIABILITIES     $   97,839.04
   
   
MEMBER'S EQUITY  
   
Shares $ 31,811,360.19
Member CD's 4,804,579.18
Member IRA's 12,558,400.67
   
Regular Reserve 609,048.98
Undivided Earnings

11,183,020.38

Gain/Loss - Investsments 0.00
 Unrealized Gain/Loss - Pension (FAS 158) (360,568.78)
  ____________________
      TOTAL EQUITY $  60,605,840.62
   
TOTAL ASSETS

$ 60,703,679.66 

 
 

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