Central Credit Union


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About Us

Statement of Financial Condition

August 31, 2014

ASSETSLIABILITIES
Consumer Loans50,203,877.34Regular Share & Club Accounts 57,409,645.74
Indirect Loans

 5,619,204.09

MAXI Funds95,233,827.49
VISA      13,128,358.35Share Draft Accounts66,256,978.76
Mortgages326,871,165.05Certificates of Deposit111,512,423.24
FNMA Loans Sold (Included in Mortgages)-187,703,050.14  
Home Equity Loans  86,956,938.24  
Member Business Loans 32,249,967.30Total Shares$330,412,875.23
Loans in Process1,952,032.88Borrowed Funds     31,000,000.00
Total Loans$329,278,493.11Total Funds$361,412,875.23
Allowance for Loan Losses  -1,341,661.92  
Total Loans after ALL: $327,936,831.19  
Short Term Investments  2,512,768.08   
*Note/Bond Investments   8,220,046.84  
Investments  29,745,425.23Other Liabilities2,143,795.48
Other Investments 896,609.66Accrued Expenses   160,182.17
Total Investments$41,374,849.81Total Liabilities

$2,303,977.65

Cash & Due from Banks8,951,420.14  
Land     3,864,791.74  
Buildings     7,415,129.07  
Furniture & Equipment     1,398,301.69  
Motor Vehicles      39,862.80  
Prepaid Expenses   420,278.13Regular Reserve   4,981,779.87
Fixed Assets$13,138,363.43Undivided Earnings 28,457,953.19
  Accum Other Comprehensive Income    -428,078.00
Accrued Income959,141.69Balance Sheet - Income   2,008,404.59
Deposit - NCUSIF3,175,734.73Total Equity$35,020,059.65
Real Estate by Foreclosure  0.00  
Other Assets 3,200,571.54  
TOTAL ASSETS$398,736,912.53TOTAL LIABILITIES & EQUITY$398,736,912.53
* Market Value Investments$ 8,140,520.90Equity Ratio8.89%
Unused Courtesy Pay$15,762,134.00  
Unused Credit Lines$93,413,383.30  

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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