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National Credit Union Service Organization

SHAREFAX 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 SHAREFAX CREDIT UNION as of: December 31, 2023.
Charter Number: 61090

ASSETS$ Amount
CASH:  
 1. Cash on Hand 6,267,247
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 6,327,469
 3. Cash Equivalents (Investments with Original Maturities of Three Months or Less) 0
INVESTMENTS:  
 4. Equity Securities 717,085
 5. Trading Debut Securities 0
 6. Available-for-Sale Debt Securities 0
 7. Held-to-Maturity Debt Securities 87,161,784
 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 1,515,078
 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 0
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 357,258,695
 17. Less: Allowance for Loan & Lease Losses 0
 18: Less: Allowance for Credit Losses on Loans & Leases 826,316
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 252,785
 20. Land and Building 11,880,789
 21. Other Fixed Assets 1,478,005
 22. NCUA Share Insurance Capitalization Deposit 4,083,452
 23. Intangible Assets 0
 24. Other Assets 0
25. TOTAL ASSETS 504,566,957
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 0
 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 0
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 0
 9. Accounts Payable and Other Liabilities 1,821,523
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 58,023,579
 12. Regular Shares 80,539,512
 13. Money Market Shares 5,313,738
 14. Share Certificates 184,375,053
 15. IRA/KEOGH Accounts 23,627,837
 16. All Other Shares 103,357,508
 17. TOTAL SHARES 455,237,226
 18. Nonmember Deposits 0
 19. TOTAL SHARES AND DEPOSITS 455,237,226
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 0
 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) 113,586,286
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 9,970,029
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 9,753,805
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 94,221
EQUITY:  
 33. Undivided Earnings 48,845,424
 34. Regular Reserves 0
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 417,628
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) -1,754,844
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities 0
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 504,566,957
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 15,083,575
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 1,623,920
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 16,707,495
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 8,124,911
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 247,716
 9. TOTAL INTEREST EXPENSE 8,372,627
 10. Provision for Loan & Lease Losses 0
 11. Total Credit Loss Expense 263,369
 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 3,076,150
 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 15,754
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 52,083
 21. TOTAL NON-INTEREST INCOME 5,494,722
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 6,452,463
 23. Travel and Conference Expense 56,440
 24. Office Occupancy Expense 810,902
 25. Office Operations Expense 1,428,399
 26. Educational and Promotional Expenses 395,914
 27. Loan Servicing Expense 1,174,214
 28. Professional and Outside Services 1,611,876
 29. Total Member Insurance 63,375
 30. Operating Fees (Examination and/or supervision fees) 77,675
 31. Miscellaneous Operating Expenses 196,223
 32. TOTAL NON-INTEREST EXPENSE 12,267,481
33. NET INCOME (LOSS) 1,298,740
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 Loans9.782,422$4,896,983
 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 loans9.181,873$3,622,932
 5. New Vehicle Loans4.553,903$86,431,730
 6. Used Vehicle Loans5.845,847$98,399,008
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit5.481,024$18,867,590
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property4.09873$114,173,771
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property8.17639$16,489,132
 11. All Other Real Estate Loans/Lines of Credit4.735$94,298
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured4.6680$14,168,358
 13. Commercial Loans/Lines of Credit Not Real Estate Secured8.583$114,893
 14. TOTAL LOANS & LEASES16,669$357,258,695
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date3,973$117,777,011
  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 Staff54$2,595,129
GOVERNMENT GUARANTEED LOANSNumberOutstanding BalanceGuaranteed Portion
 18. Non-Commercial Loans  
  a. 1. Small Business Administration4$109,231$82,873
  a. 2. Paycheck Protection Program Loans (Included in 18.a.1.)2$3,798-
  b. Other Government Guaranteed0$0$0
 19. Commercial Loans  
  a. Small Business Administration1$92,634$69,475
  b. Other Government Guaranteed0$0$0