Central Credit Union


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About Us

Statement of Financial Condition

March 31, 2015

ASSETS LIABILITIES
Consumer Loans 53,730,658.68 Regular Share & Club Accounts 60,725,710.87
Indirect Loans

5,696,607.51

MAXI Funds 99,084,176.52
VISA       13,910,337.64 Share Draft Accounts 71,038,994.96
Mortgages 328,282,830.91 Certificates of Deposit 109,544,454.24
FNMA Loans Sold (Included in Mortgages) -185,723,928.96    
Home Equity Loans  89,200,616.61    
Member Business Loans 33,355,102.96 Total Shares $340,393,336.59
Loans in Process 799,964.24 Borrowed Funds      24,000,000
Total Loans $340,252,189.59 Total Funds $364,393,336.59
Allowance for Loan Losses   -1,462,444.36    
Total Loans after ALL:  $338,789,745.23    
Short Term Investments  2,313,828.38      
*Note/Bond Investments 5,967,160.20    
Investments 24,848,432.68 Other Liabilities 2,317,840.20
Other Investments 897,740.34 Accrued Expenses   144,624.44
Total Investments $34,027,161.60 Total Liabilities

$2,462,474.64

Cash & Due from Banks 10,133,576.18    
Land      3,864,791.74    
Buildings      7,088,830.02    
Furniture & Equipment      1,591,158.95    
Motor Vehicles     34,024.30    
Prepaid Expenses   389,123.61 Regular Reserve   4,981,779.87
Fixed Assets $12,967,928.62 Undivided Earnings  31,481,915.10
    Accum Other Comprehensive Income     -404,119.00
Accrued Income 931,807.41 Balance Sheet - Income    672,068.25
Deposit - NCUSIF 3,188,449.54 Total Equity $36,731,644.22
Real Estate by Foreclosure   0.00    
Other Assets 3,548,786.87    
TOTAL ASSETS $403,587,455.45 TOTAL LIABILITIES & EQUITY $403,587,44.45
* Market Value Investments $ 5,976,656.24 Equity Ratio 9.20%
Unused Courtesy Pay $15,956,494.00    
Unused Credit Lines $96,884,719.04    

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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