Central Credit Union


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About Us

Statement of Financial Condition

May 31, 2014

ASSETS LIABILITIES
Consumer Loans  47,831,995.16 Regular Share & Club Accounts  58,648,313.63
Indirect Loans

    5,838,551.63

MAXI Funds 96,254,250.63
VISA         12,906,935.20 Share Draft Accounts 66,632,366.86
Mortgages 328,090,490.28 Certificates of Deposit 110,073,594.91
FNMA Loans Sold (Included in Mortgages) -190,563,826.57    
Home Equity Loans    84,252,223.76    
Member Business Loans   31,373,026.36 Total Shares $331,608,526.03
Loans in Process 776,374.57 Borrowed Funds      27,000,000.00
Total Loans $320,505,770.39 Total Funds $358,608,526.03
Allowance for Loan Losses   -1,396,989.25    
Total Loans after ALL:  $319,108,781.14    
Short Term Investments    2,094,495.01      
*Note/Bond Investments    9,340,040.94    
Investments   32,915,756.56 Other Liabilities 1,877,485.09
Other Investments    895,515.46 Accrued Expenses    166,892.79
Total Investments $45,245,807.97 Total Liabilities

$2,044,377.88

Cash & Due from Banks 8,853,766.55    
Land      3,864,791.74    
Buildings      7,171,907.51    
Furniture & Equipment      1,486,384.86    
Motor Vehicles         42,365.70    
Prepaid Expenses     331,333.70 Regular Reserve    4,981,779.87
Fixed Assets $12,896,783.51 Undivided Earnings  28,457,953.19
    Accum Other Comprehensive Income     -428,078.00
Accrued Income   881,624.93 Balance Sheet - Income    1,097,760.28
Deposit - NCUSIF  3,175,734.73 Total Equity $34,109,415.34
Real Estate by Foreclosure   0.00    
Other Assets  4,599,820.42    
TOTAL ASSETS $394,762,319.25 TOTAL LIABILITIES & EQUITY $394,762,319.25
* Market Value Investments $ 9,269,367.00
Equity Ratio 8.75%
Unused Courtesy Pay $15,654,544.00    
Unused Credit Lines $92,138,431.49    

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.

Download PDF version of Statement of Condition

 

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