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 |
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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 |
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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 |
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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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