Central Credit Union


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About Us

Statement of Financial Condition

December 31, 2014

ASSETSLIABILITIES
Consumer Loans53,730,395.14Regular Share & Club Accounts56,994,835.58
Indirect Loans

5,528,336.23

MAXI Funds97,700,890.34
VISA      13,834,424.23Share Draft Accounts70,947,814.65
Mortgages326,993,089.09Certificates of Deposit110,062,247.28
FNMA Loans Sold (Included in Mortgages)-186,072,549.29  
Home Equity Loans 88,086,099.04  
Member Business Loans30,546,268.63Total Shares$335,705,787.85
Loans in Process788,686.35Borrowed Funds     24,000,000.00
Total Loans$333,434,749.42Total Funds$359,705,787.85
Allowance for Loan Losses  -1,459,370.60  
Total Loans after ALL: $331,975,378.82  
Short Term Investments 2,563,203.73   
*Note/Bond Investments6,077,666.17  
Investments27,382,233.45Other Liabilities2,301,764.86
Other Investments897,174.54Accrued Expenses  146,570.91
Total Investments$36,920,277.89Total Liabilities

$2,448,335.77

Cash & Due from Banks8,768,558.75  
Land     3,864,791.74  
Buildings     7,153,958.30  
Furniture & Equipment     1,662,754.09  
Motor Vehicles    36,525.70  
Prepaid Expenses  417,820.27Regular Reserve  4,981,779.87
Fixed Assets$13,135,850.10Undivided Earnings 28,457,953.19
  Accum Other Comprehensive Income    -428,078.00
Accrued Income927,614.58Balance Sheet - Income   3,023,961.91
Deposit - NCUSIF3,188,449.54Total Equity$36,035,616.97
Real Estate by Foreclosure  0.00  
Other Assets3,273,610.91  
TOTAL ASSETS$398,189,740.59TOTAL LIABILITIES & EQUITY$398,189,740.59
* Market Value Investments$ 6,036,049.43Equity Ratio9.16%
Unused Courtesy Pay$15,868,085.00  
Unused Credit Lines$95,465,422.40  

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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