Credit Union Annual Report 2022 - Flipbook - Page 83
THE CAYMAN ISLANDS CIVIL SERVICE ASSOCIATION (CICSA)
CO-OPERATIVE CREDIT UNION LIMITED
NOTES TO FINANCIAL STATEMENTS (continued)
July 31, 2022
22. Financial risk management (continued)
The tables below summarize the Credit Union’s exposure to interest rate risk, as of July 31, 2022 and 2021.
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, 2022
Under Six
Months
Assets
Cash on hand and at bank $ 22,872,380
Fixed deposits
–
Securities at fair value
through P&L
–
Mortgages and personal
loans
8,352,017
$ 31,224,397
Liabilities
Accounts payable and
accrued expenses
Members’ shares
Members’ deposits:
- Regular savings
- Term deposits
$
–
–
–
26,418,900
432,121
$ 26,851,021
July 31, 2021
Under Six
Months
Assets
Cash on hand and at bank $ 46,060,135
Fixed deposits
87,670,602
Securities at fair value
through P&L
–
Mortgages and personal
loans
19,190,031
$ 152,920,768
Liabilities
Accounts payable and
accrued expenses
Members’ shares
Members’ deposits:
- Regular savings
- Term deposits
$
–
–
–
20,936,002
1,487,716
$ 22,423,718
Six Months
to one Year
$
–
112,650,932
One Year to
Four Years
$
–
–
Five Years to
ten Years
$
–
–
Over
ten Years
$
Non-Interest
Bearing
–
–
$
–
–
–
–
6,238,460
$118,889,392
26,595,220
$ 26,595,220
73,596,661
$ 73,596,661
247,836,089
$ 247,836,089
$
$
$
$
$
$
$
–
–
–
–
456,848
456,848
Six Months
to one Year
$
–
–
$
–
–
–
–
1,266
1,266
One Year to
Four Years
$
–
–
$
–
–
–
–
–
–
$
Five Years to
ten Years
$
–
–
–
–
–
–
–
–
Over
ten Years
$
–
–
$
–
–
13,315,804
$ 13,315,804
90,895,209
$ 90,895,209
79,337,868
$ 79,337,868
121,921,224
$ 121,921,224
$
$
$
$
$
$
$
$
- 47 -
$
–
–
–
–
–
–
$
$ 22,872,380
112,650,932
3,072,188
3,072,188
–
3,072,188
362,618,447
$ 501,213,947
$
2,064,528
436,568,536
–
26,418,900
890,235
$ 465,942,199
Non-Interest
Bearing
–
–
–
–
–
–
–
–
–
2,064,528
436,568,536
–
–
–
$ 438,633,064
–
–
–
–
–
279,913
279,913
Total
–
–
–
–
–
–
Total
–
–
$ 46,060,135
87,670,602
2,781,773
2,781,773
–
2,781,773
324,660,136
$ 461,172,646
1,391,228
–
403,902,700
–
–
$ 405,293,928
$
1,391,228
–
403,902,700
20,936,002
1,767,629
$ 427,997,559