Dec, 31, 2020 — INGERSOLL-RAND FEDERAL CREDIT UNION is a federal credit union headquartered in ATHENS, PA with 1 branch location and about $64.72 million in total assets. Opened 60 years ago in 1961, INGERSOLL-RAND FEDERAL CREDIT UNION has about 5,244 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | INGERSOLL-RAND FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 199 N MAIN ST ATHENS, PA 18810-1707 |
| Phone: | (570) 888-7121 |
| Fax: | (570) 888-9049 |
| Website: | http://ingersollrandfcu.com |
| Branches: | 1 branch locations |
| Members: | 5,244 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14425 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Mar 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $64,721,220 |
| CEO/Manager: | Thomas Mitchell |
| Chairperson: | Lori Allen Unger |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,857,086 |
| TOTAL INVESTMENTS | 27,192,063 |
| Loans Held for Sale | 84,985 |
| Real Estate Loans | 8,681,489 |
| Unsecured Loans | 6,082,243 |
| Other Loans | 11,436,565 |
| TOTAL LOANS | 26,200,297 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -204,091 |
| Land And Building | 294,004 |
| Other Fixed Assets | 145,611 |
| NCUSIF Deposit | 504,444 |
| All Other Assets | 646,821 |
| TOTAL ASSETS | 64,721,220 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,139,096 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,821,416 |
| Regular shares | 30,337,089 |
| All Other Shares & Deposits | 12,492,543 |
| TOTAL SHARES & DEPOSITS | 51,651,048 |
| TOTAL LIABILITIES | 52,790,144 |
| Regular Reserve | 609,049 |
| Other Reserves | -589,630 |
| Undivided Earnings | 11,911,657 |
| TOTAL EQUITY | 11,931,076 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 64,721,220 |
| INCOME & EXPENSE | |
| Loan Income | 1,562,268 |
| Investment Income | 632,938 |
| Other Income | 655,265 |
| Total Employee Compensation & Benefits | 1,158,403 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,449,231 |
| Non-operating Income & (Expense) | -16,191 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 59,434 |
| Cost of Funds | 258,673 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -91,461 |
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