Central Credit Union


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About Us

Statement of Financial Condition

October 31, 2014

ASSETSLIABILITIES
Consumer Loans52,046,788.76Regular Share & Club Accounts56,819,257.80
Indirect Loans

 5,626,077.67

MAXI Funds95,876,081.88
VISA      13,175,831.80Share Draft Accounts64,931,246.37
Mortgages328,181,129.92Certificates of Deposit111,109,322.37
FNMA Loans Sold (Included in Mortgages)-187,806,794.81  
Home Equity Loans 87,987,818.01  
Member Business Loans 31,117,005.41Total Shares$328,735,908.42
Loans in Process2,041,910.36Borrowed Funds     28,000,000.00
Total Loans$332,369,767.12Total Funds$356,735,908.42
Allowance for Loan Losses  -1,349,179.08  
Total Loans after ALL: $331,020,558.04  
Short Term Investments  2,263,931.62   
*Note/Bond Investments6,151,287.66  
Investments 28,288,277.11Other Liabilities2,189,652.97
Other Investments897,174.54Accrued Expenses  149,521.60
Total Investments$37,600,670.93Total Liabilities

$2,339,174.57

Cash & Due from Banks5,553,820.66  
Land     3,864,791.74  
Buildings     7,427,375.65  
Furniture & Equipment     1,372,690.11  
Motor Vehicles      38,194.20  
Prepaid Expenses   412,316.13Regular Reserve  4,981,779.87
Fixed Assets$13,115,367.83Undivided Earnings 28,457,953.19
  Accum Other Comprehensive Income    -428,078.00
Accrued Income935,795.64Balance Sheet - Income   2,609,572.73
Deposit - NCUSIF3,188,449.54Total Equity$35,621,227.79
Real Estate by Foreclosure  0.00  
Other Assets 3,281,618.14  
TOTAL ASSETS$394,696,310.78TOTAL LIABILITIES & EQUITY$394,696,310.78
* Market Value Investments$ 6,095,465.03Equity Ratio9.13%
Unused Courtesy Pay$15,821,823.00  
Unused Credit Lines$94,885,951.32  

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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