Dec, 31, 2023 — INGERSOLL-RAND FEDERAL CREDIT UNION is a federal credit union headquartered in ATHENS, PA with 2 branch locations and about $100.21 million in total assets. Opened 63 years ago in 1961, INGERSOLL-RAND FEDERAL CREDIT UNION has about 7,305 members and employs 28 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: | https://ingersollrandfcu.com |
| Branches: | 2 branch locations |
| Members: | 7,305 |
| 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: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $100,214,884 |
| CEO/Manager: | Thomas Mitchell |
| Chairperson: | Lori Allen Unger |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,050,429 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 53,350 |
| Real Estate Loans | 17,927,960 |
| Unsecured Loans | 8,282,050 |
| Other Loans | 34,274,347 |
| TOTAL LOANS | 60,484,357 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -380,974 |
| Land And Building | 5,063,270 |
| Other Fixed Assets | 196,515 |
| NCUSIF Deposit | 761,321 |
| All Other Assets | 0 |
| TOTAL ASSETS | 100,214,884 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 583,867 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,341,091 |
| Regular shares | 40,306,682 |
| All Other Shares & Deposits | 32,470,779 |
| TOTAL SHARES & DEPOSITS | 83,118,552 |
| TOTAL LIABILITIES | 83,702,419 |
| Regular Reserve | 0 |
| Other Reserves | -183,876 |
| Undivided Earnings | 16,696,341 |
| TOTAL EQUITY | 16,512,465 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 100,214,884 |
| INCOME & EXPENSE | |
| Loan Income | 3,763,366 |
| Investment Income | 1,076,270 |
| Other Income | 611,281 |
| Total Employee Compensation & Benefits | 2,221,700 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,840,022 |
| Non-operating Income & (Expense) | -2,037 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 462,059 |
| Cost of Funds | 997,872 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 397,157 |
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