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National Credit Union Service Organization

GENERATIONS COMMUNITY FEDERAL CREDIT UNION
— Statement of Financial Condition

Then NCUA provides quarterly Call Reports using accounting and statistical information from each credit union. The Call Report includes Balance Sheet, Income Statement and more.

Statement of financial condition for GENERATIONS COMMUNITY FEDERAL CREDIT UNION as of: December 31, 2023.
Charter Number: 4015

ASSETS$ Amount
CASH:  
 1. Cash on Hand 7,496,268
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 20,079,408
 3. Cash Equivalents (Investments with Original Maturities of Three Months or Less) 0
INVESTMENTS:  
 4. Equity Securities 0
 5. Trading Debut Securities 0
 6. Available-for-Sale Debt Securities 102,992,157
 7. Held-to-Maturity Debt Securities 0
 8. Deposits in commercial banks, S&Ls, savings banks 0
 9. Loans to and investments in natural person credit unions 0
 10. Nonperpetual Capital Account 0
 11. Perpetual Contributed Capital 600,500
 12. All other investments in corporate credit unions 0
 13. All other investments 0
 14. TOTAL INVESTMENTS 0
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 156,000
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 553,893,815
 17. Less: Allowance for Loan & Lease Losses 0
 18: Less: Allowance for Credit Losses on Loans & Leases 3,958,637
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 36,995
 20. Land and Building 37,237,448
 21. Other Fixed Assets 3,314,418
 22. NCUA Share Insurance Capitalization Deposit 5,192,550
 23. Intangible Assets 0
 24. Other Assets 0
25. TOTAL ASSETS 755,937,938
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 64,202,225
 2. Other Notes, Promissory Notes and Interest Payable 0
 3. Borrowing Repurchase Transactions 0
 4. Subordinated Debt 0
 5. Subordinated Debt included in Net Worth 0
 6. TOTALS 64,202,225
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 255,208
 9. Accounts Payable and Other Liabilities 12,312,184
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 131,486,268
 12. Regular Shares 181,853,291
 13. Money Market Shares 79,619,175
 14. Share Certificates 98,222,031
 15. IRA/KEOGH Accounts 17,674,036
 16. All Other Shares 12,597,534
 17. TOTAL SHARES 521,452,336
 18. Nonmember Deposits 102,152,051
 19. TOTAL SHARES AND DEPOSITS 623,604,387
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 60,092,970
 22. Accounts Held by Nonmember Public Units 0
 23. Employee Benefit Member Shares 0
 24. Employee Benefit Nonmember Shares 0
 25. 529 Plan Member Deposits 0
 26. Non-dollar denominated deposits 0
 27. Health Savings Account 0
 28. Dollar Amount of Share Certificates equal to or greater than $100,000 (Excluding brokered share certificates participated out by the broker in shares of less than $100,000) 104,170,562
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 4,844,847
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 60,092,953
 31. Dollar Amount of Commercial Share Accounts 36,999,815
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 280,313
EQUITY:  
 33. Undivided Earnings 68,977,629
 34. Regular Reserves 0
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 289,528
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) -2,117,070
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -11,586,153
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 755,937,938
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 29,469,900
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 7,141,544
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 36,611,444
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 6,657,756
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 5,751,535
 9. TOTAL INTEREST EXPENSE 12,409,291
 10. Provision for Loan & Lease Losses 2,488,848
 11. Total Credit Loss Expense 2,049,504
 12. NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES or CREDIT LOSS EXPENSE 0
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 6,700,269
 14. Other Operating Income (Includes unconsolidated CUSO Income and Gain (Loss) associated with the Hedged Item (NonInvestment Assets) in a Non-Trading, Fair Value (FV) Derivatives Hedge) 0
 15. Gain (Loss) on Equity Securities (DO NOT include Gain (Loss) on other securities) 0
 16. Gain (Loss) on Other Securities (DO NOT include Gain or Loss on Equity Securities) 0
 17. Gain (Loss) on Non-Trading Derivatives 0
 18. Gain (Loss) on Disposition of Fixed Assets 1,701,597
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 0
 21. TOTAL NON-INTEREST INCOME 21,142,602
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 17,556,574
 23. Travel and Conference Expense 157,559
 24. Office Occupancy Expense 3,946,884
 25. Office Operations Expense 7,009,817
 26. Educational and Promotional Expenses 1,880,789
 27. Loan Servicing Expense 2,171,531
 28. Professional and Outside Services 2,953,016
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 115,929
 31. Miscellaneous Operating Expenses 267,092
 32. TOTAL NON-INTEREST EXPENSE 36,059,191
33. NET INCOME (LOSS) 4,747,212
RESERVE TRANSFERS YEAR-TO-DATE FOR THE CYCLE  
 34. Transfer to Regular Reserves 0
Interest Rate# LoansAmount
Non-Commercial Loans/Lines of Credit
 1. Unsecured Credit Card Loans18.0010,320$26,028,575
 2. Payday Alternative Loans (PALs I and PALs II)0.000$0
 3. Non-Federally Guaranteed Student Loans0.000$0
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans15.0012,231$53,285,007
 5. New Vehicle Loans6.052,908$75,267,756
 6. Used Vehicle Loans6.504,963$82,099,362
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit16.253,939$7,688,253
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property6.551,634$138,169,093
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property7.3325$17,880,379
 11. All Other Real Estate Loans/Lines of Credit7.25119$13,469,194
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured6.25100$138,285,876
 13. Commercial Loans/Lines of Credit Not Real Estate Secured6.5515$1,720,320
 14. TOTAL LOANS & LEASES36,554$553,893,815
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date7,879$145,831,447
  a. Payday Alternative Loans (PALs I and PALs II) Granted Year-to-Date0$0
MISCELLANEOUS LOAN INFORMATIONNumberAmount
 16. Non-Federally Guaranteed Student Loans in Deferred Status0$0
 17. Loans Outstanding to Credit Union Officials and Senior Executive Staff42$893,448
GOVERNMENT GUARANTEED LOANSNumberOutstanding BalanceGuaranteed Portion
 18. Non-Commercial Loans  
  a. 1. Small Business Administration0$0$0
  a. 2. Paycheck Protection Program Loans (Included in 18.a.1.)0$0-
  b. Other Government Guaranteed0$0$0
 19. Commercial Loans  
  a. Small Business Administration2$285,599$0
  b. Other Government Guaranteed0$0$0