Ingersoll-Rand Federal Credit Union
Financials








INGERSOLL-RAND FEDERAL CREDIT UNION
BALANCE SHEET

 

JUNE 30, 2016

   
   

ASSETS

 
   
Loans - Regular

$  13,619,379.93

Loans - VISA Credit Cards

638,958.57

Loans - PHEAA

567,720.65

VISA Accounts Receivable      0.00
Student Choice Loans 994,280.43
Allowance for Loan Losses

(119,020.22)

Allowance for OP Losses (766.68)
   
Cash In Bank 1,235,606.41
   
Investments:  
Mid-Atlantic Corporate FCU - Shares/Federal Funds 3,438,156.62
Mid-Atlantic Corporate FCU - MCSD 257,404.13
Various CD's (Held to Maturity) 30,120,996.43
Citizens & Northern Bank 7,953,285.27
Central Liquidity Facility (CLF) 154,451.46
   
   
Loans Held For Sale  198,542.67
Prepaid and Deferred Expenses 51,172.44
   
Land 100,000.00
Building 630,676.74
Building - Depreciation (423,287.69)
Furniture and Equipment 373,281.64
Furniture and Equipment - Depreciation (291,610.32)
Other Accounts Receivable 152.00
Accrued Income - Investments 34,350.32
Accrued Income - Loans 29,663.95
   
NCUSIF Insurance Fund 460,784.43
  ___________________
   
TOTAL ASSETS $ 60,024,179.18
   
   
   
LIABILITIES  
   
Accounts Payable $          231,888.03
Money Orders 3,527.09
VISA Chargeback/Payment in Process 0.00
ATM Suspense/Dispute 0.00
MasterCard Chargeback in Process (992.77)
Various Payroll Taxes 6,484.97
   
VISA Gift Cards 0.00
Accrued Dividends 15,712.30
Interest Refund Payable     0.00
Accrued Liability - Premium Assessment      12,499.98
Accrued Property Taxes/Accrued Annual Meeting Expense 3,982.13
Liability for Pension (FAS 158) 292,221.16
Other Liabilities 27,271.70
Unprocessed Data - Home Banking

5,833.34

 

____________________
      TOTAL LIABILITIES     $   598,427.93
   
   
MEMBER'S EQUITY  
   
Shares $ 33,053,939.06
Member CD's 3,549,582.88
Member IRA's 11,125,704.48
   
Regular Reserve 609,048.98
Undivided Earnings

11,443,967.37

Gain/Loss - Investments 597.60
 Unrealized Gain/Loss - Pension (FAS 158) (357,089.12)
  ____________________
      TOTAL EQUITY $  59,425,751.25
   
TOTAL ASSETS

$ 60,024,179.18 

 
 

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