Central Credit Union


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About Us

Statement of Financial Condition

January 31, 2015

ASSETS LIABILITIES
Consumer Loans 53,954,339.81 Regular Share & Club Accounts 56,852,634.08
Indirect Loans

5,498,359.22

MAXI Funds 97,890,389.89
VISA       13,649,754.46 Share Draft Accounts 70,351,070.65
Mortgages 327,909,099.87 Certificates of Deposit 110,690,424.82
FNMA Loans Sold (Included in Mortgages) -186,963,146.54    
Home Equity Loans  89,025,534.65    
Member Business Loans 30,533,493.26 Total Shares $335,784,519.44
Loans in Process 1,102,658.53 Borrowed Funds      26,000,000.00
Total Loans $333,710,093.26 Total Funds $361,784,519.44
Allowance for Loan Losses   -1,429,958.85    
Total Loans after ALL:  $333,280,134.41    
Short Term Investments  2,314,344.39      
*Note/Bond Investments 6,038,953.85    
Investments 27,131,855.331 Other Liabilities 2,242,786.43
Other Investments 897,174.54 Accrued Expenses   172,658.82
Total Investments $36,382,328.09 Total Liabilities

$2,415,445.25

Cash & Due from Banks 10,254,050.35    
Land      3,864,791.74    
Buildings      7,138,526.42    
Furniture & Equipment      1,626,405.92    
Motor Vehicles     35,692.82    
Prepaid Expenses   413,686.59 Regular Reserve   4,981,779.87
Fixed Assets $13,079,103.49 Undivided Earnings  31,481,915.10
    Accum Other Comprehensive Income     -428,078.00
Accrued Income 978,043.08 Balance Sheet - Income    240,585.06
Deposit - NCUSIF 3,188,449.54 Total Equity $36,276,202.03
Real Estate by Foreclosure   0.00    
Other Assets 3,314,057.76    
TOTAL ASSETS $400,476,166.72 TOTAL LIABILITIES & EQUITY $400,476,166.72
* Market Value Investments $ 6,073,252.57 Equity Ratio 9.17%
Unused Courtesy Pay $15,903,253.00    
Unused Credit Lines $95,580,703.60    

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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