Credit Union Annual Report 2021 V2 - Flipbook - Page 80
THE CAYMAN ISLANDS CIVIL SERVICE ASSOCIATION (CICSA)
CO-OPERATIVE CREDIT UNION LIMITED
NOTES TO FINANCIAL STATEMENTS (continued)
July 31, 2021
22. Financial risk management (continued)
The tables below summarize the Credit Union’s exposure to interest rate risk, as of July 31, 2021 and 2020.
Included in the tables are the financial assets and liabilities at carrying amounts, categorised by the earlier of contractual
re-pricing or maturity date.
July 31, 2021
Assets
Cash on hand and at bank
Fixed deposits
Securities at fair value
through P&L
Mortgages and personal
loans
Liabilities
Accounts payable and
accrued expenses
Members’ shares
Members’ deposits:
- Regular savings
- Term deposits
Under Six
Months
$ 46,060,135
87,670,602
Liabilities
Accounts payable and
accrued expenses
Members’ shares
Members’ deposits:
- Regular savings
- Term deposits
$
–
_
One Year to
Four Years
–
–
$
Five Years to
ten Years
$
–
–
Over
ten Years
$
Non-Interest
Bearing
–
–
$ 46,060,135
87,670,602
2,781,773
2,781,773
$
–
2,781,773
324,660,136
$ 461,172,646
$
1,391,228
$
–
–
–
–
19,190,031
$ 152,920,768
13,315,804
$ 13,315,804
90,895,209
$ 90,895,209
79,337,868
$ 79,337,868
121,921,224
$ 121,921,224
–
–
$
20,936,002
1,487,716
$ 22,423,718
$
$
Under Six
Months
–
–
–
279,913
279,913
Six Months
to one Year
$ 49,458,665
52,950,600
$
–
1,262,878
–
–
$
–
–
–
$
One Year to
Four Years
–
–
$
$
$
–
–
–
–
–
–
–
–
–
–
$
Five Years to
ten Years
$
–
–
$
Over
ten Years
$
–
–
–
–
–
–
–
19,706,541
$ 122,115,806
12,757,784
$ 14,020,662
84,431,150
$ 84,431,150
72,896,664
$ 72,896,664
106,928,086
$ 106,928,086
$
–
–
21,522,094
205,061
$ 21,727,155
$
$
–
–
–
220,924
220,924
–
–
$
$
–
2,226,951
2,226,951
- 45 -
$–
$
–
–
–
–
–
$
$
Total
–
–
–
July 31, 2020
Assets
Cash on hand and at bank
Fixed deposits
Securities at fair value
through P&L
Mortgages and personal
loans
Six Months
to one Year
1,391,228
403,902,700
–
–
$ 405,293,928
403,902,700
20,936,002
1,767,629
$ 427,997,559
Non-Interest
Bearing
Total
$
$
1,537,404
–
$ 50,996,069
54,213,478
2,704,215
2,704,215
–
4,241,619
296,720,225
$ 404,633,987
–
–
$
–
–
–
–
–
$ 347,956,790
1,700,262
346,256,528
$
1,700,262
346,256,528
21,522,094
2,652,936
$ 372,131,820