Ingersoll-Rand Federal Credit Union

Financials








INGERSOLL-RAND FEDERAL CREDIT UNION
BALANCE SHEET

 

JANUARY 31, 2015

   
   

ASSETS

 
   
Loans - Regular

$  12,713,048.28

Loans - VISA Credit Cards

619,153.82

Loans - PHEAA

690,887.13

VISA Cash Advance      700.00
Student Choice Loans 769,815.47
Allowance for Loan Losses

(64,509.24)

Allowance for OP Losses (616.80)
   
Cash In Bank 965,911.07
   
Investments:  
Mid-Atlantic Corporate FCU - Shares/Federal Funds 1,997,813.59
Mid-Atlantic Corporate FCU - MCSD 257,404.13
Various CD's (Held to Maturity) 39,103,897.79
Citizens & Northern Bank 1,625,988.96
Central Liquidity Facility (CLF) 153,971.75
   
   
Loans Held For Sale  348,682.27
Prepaid and Deferred Expenses 36,335.66
   
Land 100,000.00
Building 630,676.74
Building - Depreciation (394,705.30)
Furniture and Equipment 386,663.18
Furniture and Equipment - Depreciation (321,438.40)
Other Accounts Receivable 0.00
Accrued Income - Investments 53,899.82
Accrued Income - Loans 27,294.02
   
NCUSIF Insurance Fund 491,628.80
  ___________________
   
TOTAL ASSETS $ 60,191,945.83
   
   
   
LIABILITIES  
   
Accounts Payable $          17,740.34
Money Orders 5,594.82
VISA Chargeback/Payment in Process (638.00)
ATM Suspense/Dispute 0.00
MasterCard Chargeback in Process 114.21
Various Payroll Taxes 6,624.50
   
VISA Gift Cards 1,000.00
Accrued Dividends 19,317.02
Interest Refund Payable     1,000.00
Accrued Liability - Premium Assessment      2,083.33
Accrued Property Taxes/Accrued Annual Meeting Expense 12,893.76
Liability for Pension (FAS 158) 292,221.16
Other Liabilities 7,470.63
Unprocessed Data - Home Banking

7,956.72

 

____________________
      TOTAL LIABILITIES     $   373,378.49
   
   
MEMBER'S EQUITY  
   
Shares $ 31,410,796.49
Member CD's 4,681,418.28
Member IRA's 12,229,991.17
   
Regular Reserve 609,048.98
Undivided Earnings

11,244,401.54

Gain/Loss - Investments 0.00
 Unrealized Gain/Loss - Pension (FAS 158) (357,089.12)
  ____________________
      TOTAL EQUITY $  59,818,567.34
   
TOTAL ASSETS

$ 60,191,945.83 

 
 

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