Ingersoll-Rand Federal Credit Union

Financials








INGERSOLL-RAND FEDERAL CREDIT UNION
BALANCE SHEET

 

AUGUST 31, 2015

   
   

ASSETS

 
   
Loans - Regular

$  12,956,227.67

Loans - VISA Credit Cards

633,940.71

Loans - PHEAA

617,025.20

VISA Accounts Receivable      0.00
Student Choice Loans 842,922.05
Allowance for Loan Losses

(72,883.26)

Allowance for OP Losses (757.79)
   
Cash In Bank 784,513.86
   
Investments:  
Mid-Atlantic Corporate FCU - Shares/Federal Funds 1,226,124.11
Mid-Atlantic Corporate FCU - MCSD 257,404.13
Various CD's (Held to Maturity) 38,951,900.83
Citizens & Northern Bank 1,210,160.74
Central Liquidity Facility (CLF) 154,161.80
   
   
Loans Held For Sale  202,287.27
Prepaid and Deferred Expenses 53,483.12
   
Land 100,000.00
Building 630,676.74
Building - Depreciation (406,930.09)
Furniture and Equipment 384,499.18
Furniture and Equipment - Depreciation (328,298.28)
Other Accounts Receivable 0.00
Accrued Income - Investments 60,634.90
Accrued Income - Loans 31,183.11
   
NCUSIF Insurance Fund 485,345.17
  ___________________
   
TOTAL ASSETS $ 58,773,621.17
   
   
   
LIABILITIES  
   
Accounts Payable $          101,747.21
Money Orders 4,981.17
VISA Chargeback/Payment in Process 75.00
ATM Suspense/Dispute 0.00
MasterCard Chargeback in Process (244.04)
Various Payroll Taxes 3,616.34
   
VISA Gift Cards 0.00
Accrued Dividends 36,324.96
Interest Refund Payable     2,000.00
Accrued Liability - Premium Assessment      16,666.64
Accrued Property Taxes/Accrued Annual Meeting Expense 4,241.68
Liability for Pension (FAS 158) 292,221.16
Other Liabilities 20,115.04
Unprocessed Data - Home Banking

9,433.39

 

____________________
      TOTAL LIABILITIES     $   491,178.55
   
   
MEMBER'S EQUITY  
   
Shares $ 30,851,997.24
Member CD's 4,033,894.81
Member IRA's 11,790,058.12
   
Regular Reserve 609,048.98
Undivided Earnings

11,354,532.59

Gain/Loss - Investments 0.00
 Unrealized Gain/Loss - Pension (FAS 158) (357,089.12)
  ____________________
      TOTAL EQUITY $  58,282,442.62
   
TOTAL ASSETS

$ 58,773,621.17 

 
 

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