Central Credit Union


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About Us

Statement of Financial Condition

September 30, 2014

ASSETSLIABILITIES
Consumer Loans51,238,490.36Regular Share & Club Accounts 57,564,725.49
Indirect Loans

 5,661,491.42

MAXI Funds94,689,855.41
VISA      13,264,513.44Share Draft Accounts62,923,260.51
Mortgages327,260,689.48Certificates of Deposit111,504,739.11
FNMA Loans Sold (Included in Mortgages)-188,210,432.08  
Home Equity Loans 87,646,241.46  
Member Business Loans 31,658.873.38Total Shares$326,682,580.52
Loans in Process890,828.65Borrowed Funds     29,000,000.00
Total Loans$329,410,696.11Total Funds$355,682,580.52
Allowance for Loan Losses  -1,393,907.29  
Total Loans after ALL: $328,016,788.82  
Short Term Investments  2,264,753.60   
*Note/Bond Investments 6,183,462.84  
Investments 28,950,360.10Other Liabilities2,185,829.67
Other Investments896,609.66Accrued Expenses  135,403.64
Total Investments$38,295,186.20Total Liabilities

$2,321,233.31

Cash & Due from Banks6,618,119.90  
Land     3,864,791.74  
Buildings     7,411,995.34  
Furniture & Equipment     1,365,380.49  
Motor Vehicles      39,028.50  
Prepaid Expenses   365,678.06Regular Reserve  4,981,779.87
Fixed Assets$13,046,874.13Undivided Earnings 28,457,953.19
  Accum Other Comprehensive Income    -428,078.00
Accrued Income937,989.00Balance Sheet - Income   2,308,374.45
Deposit - NCUSIF3,175,734.73Total Equity$35,320,029.51
Real Estate by Foreclosure  0.00  
Other Assets 3,233,150.56  
TOTAL ASSETS$393,323,843.34TOTAL LIABILITIES & EQUITY$393,323,843.34
* Market Value Investments$ 6,077,722.67Equity Ratio9.09%
Unused Courtesy Pay$15,767,319.00  
Unused Credit Lines$93,806,582.61  

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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