Ingersoll-Rand Federal Credit Union

Financials








INGERSOLL-RAND FEDERAL CREDIT UNION
BALANCE SHEET

 

DECEMBER 31, 2014

   
   

ASSETS

 
   
Loans - Regular

$  12,697,959.91

Loans - VISA Credit Cards

647,161.18

Loans - PHEAA

704,753.10

VISA Cash Advance      410.00
Student Choice Loans 641,139.45
Allowance for Loan Losses

(63,090.46)

Allowance for OP Losses (146.16)
   
Cash In Bank 1,093,080.67
   
Investments:  
Mid-Atlantic Corporate FCU - Shares/Federal Funds 3,123,222.97
Mid-Atlantic Corporate FCU - MCSD 257,404.13
Various CD's (Held to Maturity) 39,401,901.79
Citizens & Northern Bank 832,651.03
Central Liquidity Facility (CLF) 153,875.15 
   
   
Loans Held For Sale  204,966.29
Prepaid and Deferred Expenses 28,105.69
   
Land 100,000.00
Building 630,676.74
Building - Depreciation (392,828.98)
Furniture and Equipment 386,663.18
Furniture and Equipment - Depreciation (319,369.70)
Other Accounts Receivable (6,526.01)
Accrued Income - Investments 58,205.42
Accrued Income - Loans 31,766.56
   
NCUSIF Insurance Fund 491,628.80
  ___________________
   
TOTAL ASSETS $ 60,703,610.75
   
   
   
LIABILITIES  
   
Accounts Payable $          11,874.01
Money Orders 5,434.22
VISA Chargeback/Payment in Process 0.00
ATM Suspense/Dispute 0.00
MasterCard Chargeback in Process 700.45
Various Payroll Taxes 8,040.44
   
VISA Gift Cards 0.00
Accrued Dividends 17,507.40
Interest Refund Payable     0.00
Accrued Liability - Premium Assessment      0.00
Accrued Property Taxes/Accrued Annual Meeting Expense 11,227.10
Liability for Pension (FAS 158) 292,221.16
Other Liabilities 15,020.04
Unprocessed Data - Home Banking

11,745.98

 

____________________
      TOTAL LIABILITIES     $   373,770.80
   
   
MEMBER'S EQUITY  
   
Shares $ 31,854,985.87
Member CD's 4,658,016.90
Member IRA's 12,342,913.29
   
Regular Reserve 609,048.98
Undivided Earnings

11,221,964.03

Gain/Loss - Investsments 0.00
 Unrealized Gain/Loss - Pension (FAS 158) (357,089.12)
  ____________________
      TOTAL EQUITY $  60,329,839.95
   
TOTAL ASSETS

$ 60,703,610.75 

 
 

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