Ingersoll-Rand Federal Credit Union

Financials








INGERSOLL-RAND FEDERAL CREDIT UNION
BALANCE SHEET

 

MARCH 31, 2014

   
   

ASSETS

 
   
Loans - Regular

$  12,154,742.66

Loans - VISA Credit Cards

632,793.89

Loans - PHEAA

827,098.70

VISA Cash Advance      1,134.00
Student Choice Loans 484,134.48
Allowance for Loan Losses

(29,411.17)

Allowance for OP Losses (211.27)
   
Cash In Bank 856,566.90
   
Investments:  
Mid-Atlantic Corporate FCU - Shares/Federal Funds 2,585,864.31
Mid-Atlantic Corporate FCU - MCSD 257,404.13
Various CD's (Held to Maturity) 39,705,192.43
Citizens & Northern Bank 3,035,701.27
Central Liquidity Facility (CLF) 153,683.00 
   
   
Loans Held For Sale  96,875.13
Prepaid and Deferred Expenses 41,499.63
   
Land 100,000.00
Building 621,340.91
Building - Depreciation (376,232.59)
Furniture and Equipment 372,556.15
Furniture and Equipment - Depreciation (301,888.35)
Other Accounts Receivable 0.00
Accrued Income - Investments 47,586.12
Accrued Income - Loans 30,212.04
   
NCUSIF Insurance Fund 501,622.92
  ___________________
   
TOTAL ASSETS $ 61,798,265.29
   
   
   
LIABILITIES  
   
Accounts Payable $2,499.00
Money Orders 4,531.73
VISA Chargeback/Payment in Process 0.00
ATM Suspense/Dispute 0.00
MasterCard Chargeback in Process (7,085.28)
Various Payroll Taxes 5,193.94
   
VISA Gift Cards 800.00
Accrued Dividends 18,114.41
Interest Refund Payable     0.00
Accrued Liability - Premium Assessment      15,000.00
Accrued Property Taxes/Accrued Annual Meeting Expense 7,978.71
Liability for Pension (FAS 158) 210,417.91
Other Liabilities 13,478.58
Unprocessed Data - Home Banking

5,273.41

 

____________________
      TOTAL LIABILITIES     $    276,202.41
   
   
MEMBER'S EQUITY  
   
Shares $ 31,851,444.64
Member CD's 5,003,972.86
Member IRA's 13,344,098.24
   
Regular Reserve 609,048.98
Undivided Earnings

11,085,968.55

Gain/Loss - Investsments 277.20
 Unrealized Gain/Loss - Pension (FAS 158) (372,747.59)
  ____________________
      TOTAL EQUITY $  61,522,062.88
   
TOTAL ASSETS

$ 61,798,265.29 

 
 

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