Ingersoll-Rand Federal Credit Union

Financials








INGERSOLL-RAND FEDERAL CREDIT UNION
BALANCE SHEET

 

MAY 31, 2015

   
   

ASSETS

 
   
Loans - Regular

$  12,518,505.76

Loans - VISA Credit Cards

637,784.19

Loans - PHEAA

647,224.49

VISA Cash Advance      800.00
Student Choice Loans 774,446.74
Allowance for Loan Losses

(70,501.01)

Allowance for OP Losses (264.55)
   
Cash In Bank 962,937.79
   
Investments:  
Mid-Atlantic Corporate FCU - Shares/Federal Funds 2,357,539.63
Mid-Atlantic Corporate FCU - MCSD 257,404.13
Various CD's (Held to Maturity) 39,303,396.83
Citizens & Northern Bank 1,648,142.80
Central Liquidity Facility (CLF) 154,066.25
   
   
Loans Held For Sale  203,162.35
Prepaid and Deferred Expenses 70,696.34
   
Land 100,000.00
Building 630,676.74
Building - Depreciation (402,022.81)
Furniture and Equipment 384,499.18
Furniture and Equipment - Depreciation (321,926.16)
Other Accounts Receivable 0.00
Accrued Income - Investments 51,990.41
Accrued Income - Loans 30,834.19
   
NCUSIF Insurance Fund 485,345.17
  ___________________
   
TOTAL ASSETS $ 60,424,738.46
   
   
   
LIABILITIES  
   
Accounts Payable $          65,132.16
Money Orders 3,280.22
VISA Chargeback/Payment in Process 0.00
ATM Suspense/Dispute 0.00
MasterCard Chargeback in Process (163.01)
Various Payroll Taxes 7,652.78
   
VISA Gift Cards 0.00
Accrued Dividends 37,051.45
Interest Refund Payable     2,000.00
Accrued Liability - Premium Assessment      10,416.65
Accrued Property Taxes/Accrued Annual Meeting Expense 7,515.25
Liability for Pension (FAS 158) 292,221.16
Other Liabilities 12,529.21
Unprocessed Data - Home Banking

7,278.49

 

____________________
      TOTAL LIABILITIES     $   444,914.36
   
   
MEMBER'S EQUITY  
   
Shares $ 32,159,308.35
Member CD's 4,294,980.58
Member IRA's 11,982,012.75
   
Regular Reserve 609,048.98
Undivided Earnings

11,291,562.56

Gain/Loss - Investments 0.00
 Unrealized Gain/Loss - Pension (FAS 158) (357,089.12)
  ____________________
      TOTAL EQUITY $  59,979,824.10
   
TOTAL ASSETS

$ 60,424,738.46 

 
 

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