Ingersoll-Rand Federal Credit Union

Financials








INGERSOLL-RAND FEDERAL CREDIT UNION
BALANCE SHEET

 

JULY 31, 2015

   
   

ASSETS

 
   
Loans - Regular

$  12,828,840.69

Loans - VISA Credit Cards

655,734.39

Loans - PHEAA

634,653.85

VISA Accounts Receivable      (1,179.61)
Student Choice Loans 778,437.38
Allowance for Loan Losses

(64,884.03)

Allowance for OP Losses (1,288.40)
   
Cash In Bank 953,164.20
   
Investments:  
Mid-Atlantic Corporate FCU - Shares/Federal Funds 2,271,864.02
Mid-Atlantic Corporate FCU - MCSD 257,404.13
Various CD's (Held to Maturity) 39,201,396.83
Citizens & Northern Bank 1,443,597.88
Central Liquidity Facility (CLF) 154,161.80
   
   
Loans Held For Sale  202,580.04
Prepaid and Deferred Expenses 59,411.79
   
Land 100,000.00
Building 630,676.74
Building - Depreciation (405,294.33)
Furniture and Equipment 384,499.18
Furniture and Equipment - Depreciation (326,174.24)
Other Accounts Receivable 0.00
Accrued Income - Investments 51,864.41
Accrued Income - Loans 24,590.87
   
NCUSIF Insurance Fund 485,345.17
  ___________________
   
TOTAL ASSETS $ 60,319,402.76
   
   
   
LIABILITIES  
   
Accounts Payable $          89,158.82
Money Orders 6,483.75
VISA Chargeback/Payment in Process (217.29)
ATM Suspense/Dispute 0.00
MasterCard Chargeback in Process (330.73)
Various Payroll Taxes 5,258.58
   
VISA Gift Cards 0.00
Accrued Dividends 19,143.29
Interest Refund Payable     0.00
Accrued Liability - Premium Assessment      14,583.31
Accrued Property Taxes/Accrued Annual Meeting Expense 10,848.57
Liability for Pension (FAS 158) 292,221.16
Other Liabilities 15,189.01
Unprocessed Data - Home Banking

13,359.37

 

____________________
      TOTAL LIABILITIES     $   465,697.84
   
   
MEMBER'S EQUITY  
   
Shares $ 32,235,824.92
Member CD's 4,135,505.72
Member IRA's 11,884,036.92
   
Regular Reserve 609,048.98
Undivided Earnings

11,346,377.50

Gain/Loss - Investments 0.00
 Unrealized Gain/Loss - Pension (FAS 158) (357,089.12)
  ____________________
      TOTAL EQUITY $  59,853,704.92
   
TOTAL ASSETS

$ 60,319,402.76 

 
 

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