Central Credit Union


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About Us

Statement of Financial Condition

November 30, 2014

ASSETSLIABILITIES
Consumer Loans52,433,554.38Regular Share & Club Accounts57,013,956.03
Indirect Loans

 5,545,967.86

MAXI Funds96,351,346.32
VISA      13,395,324.49Share Draft Accounts67,801,353.05
Mortgages328,785,119.98Certificates of Deposit110,895,113.59
FNMA Loans Sold (Included in Mortgages)-187,643,123.96  
Home Equity Loans 87,406,213.71  
Member Business Loans 31,199,363.83Total Shares$332,061,768.99
Loans in Process1,862,413.53Borrowed Funds     28,000,000.00
Total Loans$332,984,833.82Total Funds$360,061,768.99
Allowance for Loan Losses  -1,400,056.34  
Total Loans after ALL: $331,584,777.48  
Short Term Investments  2,319,910.62   
*Note/Bond Investments6,110,822.96  
Investments 28,320,040.34Other Liabilities2,041,137.89
Other Investments897,174.54Accrued Expenses  186,222.20
Total Investments$37,647,948.46Total Liabilities

$2,227,360.09

Cash & Due from Banks8,477,253.69  
Land     3,864,791.74  
Buildings     7,176,255.58  
Furniture & Equipment     1,580,851.51  
Motor Vehicles      37,359.83  
Prepaid Expenses  355,097.94Regular Reserve  4,981,779.87
Fixed Assets$13,014,356.60Undivided Earnings 28,457,953.19
  Accum Other Comprehensive Income    -428,078.00
Accrued Income987,650.46Balance Sheet - Income   2,874,756.85
Deposit - NCUSIF3,188,449.54Total Equity$35,886,411.91
Real Estate by Foreclosure  0.00  
Other Assets 3,275,104.76  
TOTAL ASSETS$398,175,540.99TOTAL LIABILITIES & EQUITY$394,696,310.78
* Market Value Investments$ 6,085,741.96Equity Ratio9.12%
Unused Courtesy Pay$15,818,889.00  
Unused Credit Lines$95,352,880.19  

WE CERTIFY, TO THE BEST OF OUR KNOWLEDGE AND BELIEF, THIS STATEMENT AND THE RELATED STATEMENTS ARE TRUE AND CORRECT AND PRESENT FAIRLY THE FINANCIAL POSITION AND THE RESULTS OF OPERATIONS FOR THE PERIODS COVERED.

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