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National Credit Union Service Organization

FIRSTLIGHT 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 FIRSTLIGHT FEDERAL CREDIT UNION as of: December 31, 2023.
Charter Number: 10174

ASSETS$ Amount
CASH:  
 1. Cash on Hand 20,214,976
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 73,533,896
 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 41,399,627
 7. Held-to-Maturity Debt Securities 38,161,290
 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 750,000
 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 2,265,074
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 1,271,602,970
 17. Less: Allowance for Loan & Lease Losses 0
 18: Less: Allowance for Credit Losses on Loans & Leases 16,628,574
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 297,635
 20. Land and Building 37,281,980
 21. Other Fixed Assets 19,763,204
 22. NCUA Share Insurance Capitalization Deposit 12,221,298
 23. Intangible Assets 0
 24. Other Assets 0
25. TOTAL ASSETS 1,550,607,062
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 83,920,000
 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 83,920,000
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 617,740
 9. Accounts Payable and Other Liabilities 17,761,561
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 336,351,382
 12. Regular Shares 338,786,804
 13. Money Market Shares 286,480,298
 14. Share Certificates 308,012,485
 15. IRA/KEOGH Accounts 31,354,226
 16. All Other Shares 1,980,027
 17. TOTAL SHARES 1,302,965,221
 18. Nonmember Deposits 250,000
 19. TOTAL SHARES AND DEPOSITS 1,303,215,221
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 2,071,720
 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) 199,347,759
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 5,926,161
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 120,885,313
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 439,655
EQUITY:  
 33. Undivided Earnings 151,813,060
 34. Regular Reserves 0
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 0
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -6,720,520
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 1,550,607,062
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 69,113,108
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 17,649,616
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 86,762,724
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 13,069,684
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 17,199,308
 9. TOTAL INTEREST EXPENSE 30,268,992
 10. Provision for Loan & Lease Losses 0
 11. Total Credit Loss Expense 11,625,840
 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 12,262,235
 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 56,181
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 3,739,831
 21. TOTAL NON-INTEREST INCOME 27,182,795
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 30,543,992
 23. Travel and Conference Expense 467,198
 24. Office Occupancy Expense 2,338,921
 25. Office Operations Expense 8,991,856
 26. Educational and Promotional Expenses 1,730,585
 27. Loan Servicing Expense 3,390,809
 28. Professional and Outside Services 11,373,496
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 237,469
 31. Miscellaneous Operating Expenses 1,092,398
 32. TOTAL NON-INTEREST EXPENSE 60,166,724
33. NET INCOME (LOSS) 11,883,963
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 Loans14.7412,853$61,060,339
 2. Payday Alternative Loans (PALs I and PALs II)28.001,602$1,656,936
 3. Non-Federally Guaranteed Student Loans0.000$0
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans18.0013,085$79,083,563
 5. New Vehicle Loans4.506,236$182,348,442
 6. Used Vehicle Loans4.1513,156$287,316,410
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit1.991,378$36,111,691
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property3.002,740$270,802,952
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property8.5225$12,181,305
 11. All Other Real Estate Loans/Lines of Credit7.0021$715,153
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured3.00436$313,753,956
 13. Commercial Loans/Lines of Credit Not Real Estate Secured7.00122$26,572,224
 14. TOTAL LOANS & LEASES51,854$1,271,602,971
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date15,143$391,759,023
  a. Payday Alternative Loans (PALs I and PALs II) Granted Year-to-Date2,667$3,534,612
MISCELLANEOUS LOAN INFORMATIONNumberAmount
 16. Non-Federally Guaranteed Student Loans in Deferred Status0$0
 17. Loans Outstanding to Credit Union Officials and Senior Executive Staff58$3,975,701
GOVERNMENT GUARANTEED LOANSNumberOutstanding BalanceGuaranteed Portion
 18. Non-Commercial Loans  
  a. 1. Small Business Administration8$75,859$75,859
  a. 2. Paycheck Protection Program Loans (Included in 18.a.1.)8$75,859-
  b. Other Government Guaranteed0$0$0
 19. Commercial Loans  
  a. Small Business Administration2$1,158,341$0
  b. Other Government Guaranteed1$51,792$0