Ingersoll-Rand Federal Credit Union

Financials








INGERSOLL-RAND FEDERAL CREDIT UNION
BALANCE SHEET

 

JUNE 30, 2014

   
   

ASSETS

 
   
Loans - Regular

$  12,050,829.07

Loans - VISA Credit Cards

613,801.10

Loans - PHEAA

796,627.42

VISA Cash Advance      280.00
Student Choice Loans 486,906.42
Allowance for Loan Losses

(29,134.76)

Allowance for OP Losses (36.32)
   
Cash In Bank 827,168.53
   
Investments:  
Mid-Atlantic Corporate FCU - Shares/Federal Funds 2,173,885.30
Mid-Atlantic Corporate FCU - MCSD 257,404.13
Various CD's (Held to Maturity) 41,094,192.43
Citizens & Northern Bank 1,606,399.21
Central Liquidity Facility (CLF) 153,683.00 
   
   
Loans Held For Sale  206,497.63
Prepaid and Deferred Expenses 59,670.23
   
Land 100,000.00
Building 621,340.91
Building - Depreciation (381,718.60)
Furniture and Equipment 382,910.72
Furniture and Equipment - Depreciation (304,512.41)
Other Accounts Receivable 0.00
Accrued Income - Investments 51,086.21
Accrued Income - Loans 27,568.26
   
NCUSIF Insurance Fund 487,023.62
  ___________________
   
TOTAL ASSETS $ 61,281,872.10
   
   
   
LIABILITIES  
   
Accounts Payable $5,124.43
Money Orders 6,842.14
VISA Chargeback/Payment in Process (111.74)
ATM Suspense/Dispute 0.00
MasterCard Chargeback in Process (396.95)
Various Payroll Taxes 6,825.50
   
VISA Gift Cards 0.00
Accrued Dividends 18,507.49
Interest Refund Payable     0.00
Accrued Liability - Premium Assessment      30,000.00
Accrued Property Taxes/Accrued Annual Meeting Expense 8,533.68
Liability for Pension (FAS 158) 237,685.66
Other Liabilities (1,558.60)
Unprocessed Data - Home Banking

15,612.60

 

____________________
      TOTAL LIABILITIES     $   327,064.21
   
   
MEMBER'S EQUITY  
   
Shares $ 31,647,347.55
Member CD's 5,056,879.82
Member IRA's 12,904,078.34
   
Regular Reserve 609,048.98
Undivided Earnings

11,104,704.10

Gain/Loss - Investsments 277.20
 Unrealized Gain/Loss - Pension (FAS 158) (367,528.10)
  ____________________
      TOTAL EQUITY $  60,954,807.89
   
TOTAL ASSETS

$ 61,281,872.10 

 
 

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