Mar, 31, 2021 — INGERSOLL-RAND FEDERAL CREDIT UNION is a federal credit union headquartered in ATHENS, PA with 1 branch location and about $68.66 million in total assets. Opened 60 years ago in 1961, INGERSOLL-RAND FEDERAL CREDIT UNION has about 4,818 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: | 4,818 |
| 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: | $68,660,884 |
| CEO/Manager: | Thomas Mitchell |
| Chairperson: | Lori Allen Unger |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 15,945,766 |
| TOTAL INVESTMENTS | 24,405,871 |
| Loans Held for Sale | 84,470 |
| Real Estate Loans | 9,530,186 |
| Unsecured Loans | 5,656,766 |
| Other Loans | 11,690,314 |
| TOTAL LOANS | 26,877,266 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -187,769 |
| Land And Building | 287,007 |
| Other Fixed Assets | 134,846 |
| NCUSIF Deposit | 504,444 |
| All Other Assets | 608,983 |
| TOTAL ASSETS | 68,660,884 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 272,383 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,823,060 |
| Regular shares | 33,240,747 |
| All Other Shares & Deposits | 12,816,703 |
| TOTAL SHARES & DEPOSITS | 55,880,510 |
| TOTAL LIABILITIES | 56,152,893 |
| Regular Reserve | 609,049 |
| Other Reserves | -326,479 |
| Undivided Earnings | 12,225,421 |
| TOTAL EQUITY | 12,507,991 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 68,660,884 |
| INCOME & EXPENSE | |
| Loan Income | 404,811 |
| Investment Income | 88,689 |
| Other Income | 99,694 |
| Total Employee Compensation & Benefits | 239,618 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 255,088 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -1,014 |
| Cost of Funds | 53,148 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 117,029 |
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