Ingersoll-Rand Federal Credit Union

Financials








INGERSOLL-RAND FEDERAL CREDIT UNION
BALANCE SHEET

 

AUGUST 31, 2014

   
   

ASSETS

 
   
Loans - Regular

$  12,324,620.62

Loans - VISA Credit Cards

606,780.01

Loans - PHEAA

770,815.33

VISA Cash Advance      1,515.00
Student Choice Loans 590,115.23
Allowance for Loan Losses

(46,245.07)

Allowance for OP Losses (238.90)
   
Cash In Bank 742,247.08
   
Investments:  
Mid-Atlantic Corporate FCU - Shares/Federal Funds 1,629,063.65
Mid-Atlantic Corporate FCU - MCSD 257,404.13
Various CD's (Held to Maturity) 41,333,192.43
Citizens & Northern Bank 1,045,939.74
Central Liquidity Facility (CLF) 153,778.55 
   
   
Loans Held For Sale  206,091.98
Prepaid and Deferred Expenses 47,865.70
   
Land 100,000.00
Building 621,340.91
Building - Depreciation (385,375.94)
Furniture and Equipment 383,991.48
Furniture and Equipment - Depreciation (309,662.53)
Other Accounts Receivable 0.00
Accrued Income - Investments 60,367.57
Accrued Income - Loans 29,852.59
   
NCUSIF Insurance Fund 487,023.62
  ___________________
   
TOTAL ASSETS $ 60,650,483.18
   
   
   
LIABILITIES  
   
Accounts Payable $3,590.00
Money Orders 5,579.72
VISA Chargeback/Payment in Process (0.40)
ATM Suspense/Dispute 0.00
MasterCard Chargeback in Process (327.97)
Various Payroll Taxes 4,558.96
   
VISA Gift Cards 0.00
Accrued Dividends 36,786.72
Interest Refund Payable     3,000.00
Accrued Liability - Premium Assessment      40,000.00
Accrued Property Taxes/Accrued Annual Meeting Expense 4,060.46
Liability for Pension (FAS 158) 255,864.16
Other Liabilities 815.29
Unprocessed Data - Home Banking

14,719.57

 

____________________
      TOTAL LIABILITIES     $   368,646.51
   
   
MEMBER'S EQUITY  
   
Shares $ 31,217,373.40
Member CD's 4,954,567.30
Member IRA's 12,766,622.78
   
Regular Reserve 609,048.98
Undivided Earnings

11,097,995.45

Gain/Loss - Investsments 277.20
 Unrealized Gain/Loss - Pension (FAS 158) (364,048.44)
  ____________________
      TOTAL EQUITY $  60,281,836.67
   
TOTAL ASSETS

$ 60,650,483.18 

 
 

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