Ingersoll-Rand Federal Credit Union
Financials








INGERSOLL-RAND FEDERAL CREDIT UNION
BALANCE SHEET

 

APRIL 30, 2016

   
   

ASSETS

 
   
Loans - Regular

$  13,347,748.67

Loans - VISA Credit Cards

622,625.83

Loans - PHEAA

583,680.68

VISA Accounts Receivable      0.00
Student Choice Loans 991,342.14
Allowance for Loan Losses

(117,635.61)

Allowance for OP Losses (829.11)
   
Cash In Bank 840,698.61
   
Investments:  
Mid-Atlantic Corporate FCU - Shares/Federal Funds 4,571,584.08
Mid-Atlantic Corporate FCU - MCSD 257,404.13
Various CD's (Held to Maturity) 30,859,996.43
Citizens & Northern Bank 5,856,205.84
Central Liquidity Facility (CLF) 154,451.46
   
   
Loans Held For Sale  199,154.34
Prepaid and Deferred Expenses 61,974.73
   
Land 100,000.00
Building 630,676.74
Building - Depreciation (420,016.17)
Furniture and Equipment 366,715.07
Furniture and Equipment - Depreciation (286,629.07)
Other Accounts Receivable 0.00
Accrued Income - Investments 49,403.43
Accrued Income - Loans 27,804.93
   
NCUSIF Insurance Fund 460,784.43
  ___________________
   
TOTAL ASSETS $ 59,157,141.58
   
   
   
LIABILITIES  
   
Accounts Payable $          198,876.96
Money Orders 3,797.93
VISA Chargeback/Payment in Process 20.26
ATM Suspense/Dispute 0.00
MasterCard Chargeback in Process (455.11)
Various Payroll Taxes 4,246.24
   
VISA Gift Cards 600.00
Accrued Dividends 14,376.22
Interest Refund Payable     700.00
Accrued Liability - Premium Assessment      8,333.32
Accrued Property Taxes/Accrued Annual Meeting Expense 648.81
Liability for Pension (FAS 158) 292,221.16
Other Liabilities 13,675.66
Unprocessed Data - Home Banking

3,044.50

 

____________________
      TOTAL LIABILITIES     $   540,085.95
   
   
MEMBER'S EQUITY  
   
Shares $ 32,099,574.09
Member CD's 3,600,413.57
Member IRA's 11,227,406.63
   
Regular Reserve 609,048.98
Undivided Earnings

11,437,103.88

Gain/Loss - Investments 597.60
 Unrealized Gain/Loss - Pension (FAS 158) (357,089.12)
  ____________________
      TOTAL EQUITY $  58,617,055.63
   
TOTAL ASSETS

$ 59,157,141.58 

 
 

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