Ingersoll-Rand Federal Credit Union

Financials








INGERSOLL-RAND FEDERAL CREDIT UNION
BALANCE SHEET

 

NOVEMBER 30, 2014

   
   

ASSETS

 
   
Loans - Regular

$  12,770,825.29

Loans - VISA Credit Cards

599,387.30

Loans - PHEAA

696,878.02

VISA Cash Advance      280.00
Student Choice Loans 641,527.47
Allowance for Loan Losses

(48,844.26)

Allowance for OP Losses (659.32)
   
Cash In Bank 720,924.80
   
Investments:  
Mid-Atlantic Corporate FCU - Shares/Federal Funds 1,649,364.22
Mid-Atlantic Corporate FCU - MCSD 257,404.13
Various CD's (Held to Maturity) 40,342,901.79
Citizens & Northern Bank 1,490,435.57
Central Liquidity Facility (CLF) 153,875.15 
   
   
Loans Held For Sale  375,249.27
Prepaid and Deferred Expenses 28,863.77
   
Land 100,000.00
Building 630,676.74
Building - Depreciation (390,952.66)
Furniture and Equipment 386,663.18
Furniture and Equipment - Depreciation (317,061.24)
Other Accounts Receivable 0.00
Accrued Income - Investments 57,057.66
Accrued Income - Loans 29,657.97
   
NCUSIF Insurance Fund 491,628.80
  ___________________
   
TOTAL ASSETS $ 60,666,083.65
   
   
   
LIABILITIES  
   
Accounts Payable $          5,247.43
Money Orders 1,208.38
VISA Chargeback/Payment in Process 0.00
ATM Suspense/Dispute 0.00
MasterCard Chargeback in Process 124.73
Various Payroll Taxes 5,622.11
   
VISA Gift Cards 200.00
Accrued Dividends 36,120.87
Interest Refund Payable     3,000.00
Accrued Liability - Premium Assessment      0.00
Accrued Property Taxes/Accrued Annual Meeting Expense 9,435.44
Liability for Pension (FAS 158) 283,131.91
Other Liabilities 10,133.92
Unprocessed Data - Home Banking

8,965.65

 

____________________
      TOTAL LIABILITIES     $   363,190.44
   
   
MEMBER'S EQUITY  
   
Shares $ 31,575,768.44
Member CD's 4,756,072.57
Member IRA's 12,522,124.92
   
Regular Reserve 609,048.98
Undivided Earnings

11,198,707.25

Gain/Loss - Investsments 0.00
 Unrealized Gain/Loss - Pension (FAS 158) (358,828.95)
  ____________________
      TOTAL EQUITY $  60,302,893.21
   
TOTAL ASSETS

$ 60,666,083.65 

 
 

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