Ingersoll-Rand Federal Credit Union
Financials








INGERSOLL-RAND FEDERAL CREDIT UNION
BALANCE SHEET

 

MAY 31, 2016

   
   

ASSETS

 
   
Loans - Regular

$  13,434,406.83

Loans - VISA Credit Cards

641,664.05

Loans - PHEAA

581,352.64

VISA Accounts Receivable      0.00
Student Choice Loans 991,983.89
Allowance for Loan Losses

(118,403.74)

Allowance for OP Losses (1,218.02)
   
Cash In Bank 1,247,546.25
   
Investments:  
Mid-Atlantic Corporate FCU - Shares/Federal Funds 2,606,392.01
Mid-Atlantic Corporate FCU - MCSD 257,404.13
Various CD's (Held to Maturity) 30,864,996.43
Citizens & Northern Bank 6,628,195.29
Central Liquidity Facility (CLF) 154,451.46
   
   
Loans Held For Sale  198,849.07
Prepaid and Deferred Expenses 54,450.26
   
Land 100,000.00
Building 630,676.74
Building - Depreciation (421,651.93)
Furniture and Equipment 369,788.98
Furniture and Equipment - Depreciation (289,089.66)
Other Accounts Receivable 0.00
Accrued Income - Investments 37,853.43
Accrued Income - Loans 34,616.14
   
NCUSIF Insurance Fund 460,784.43
  ___________________
   
TOTAL ASSETS $ 58,465,200.68
   
   
   
LIABILITIES  
   
Accounts Payable $          215,958.96
Money Orders 3,717.94
VISA Chargeback/Payment in Process 0.00
ATM Suspense/Dispute 0.00
MasterCard Chargeback in Process (863.91)
Various Payroll Taxes 8,771.44
   
VISA Gift Cards 0.00
Accrued Dividends 27,065.21
Interest Refund Payable     1,400.00
Accrued Liability - Premium Assessment      10,416.65
Accrued Property Taxes/Accrued Annual Meeting Expense 2,315.47
Liability for Pension (FAS 158) 292,221.16
Other Liabilities 20,452.18
Unprocessed Data - Home Banking

18,201.78

 

____________________
      TOTAL LIABILITIES     $   599,656.88
   
   
MEMBER'S EQUITY  
   
Shares $ 31,546,548.74
Member CD's 3,457,413.31
Member IRA's 11,162,321.63
   
Regular Reserve 609,048.98
Undivided Earnings

11,446,702.66

Gain/Loss - Investments 597.60
 Unrealized Gain/Loss - Pension (FAS 158) (357,089.12)
  ____________________
      TOTAL EQUITY $  57,865,543.80
   
TOTAL ASSETS

$ 58,465,200.68 

 
 

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