Credit Unions Near Me
National Credit Union Service Organization

FREEDOM FIRST 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 FREEDOM FIRST FEDERAL CREDIT UNION as of: December 31, 2023.
Charter Number: 11111

ASSETS$ Amount
CASH:  
 1. Cash on Hand 12,035,972
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 82,758,119
 3. Cash Equivalents (Investments with Original Maturities of Three Months or Less) 0
INVESTMENTS:  
 4. Equity Securities 2,758,080
 5. Trading Debut Securities 0
 6. Available-for-Sale Debt Securities 34,342,691
 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 2,500,000
 11. Perpetual Contributed Capital 0
 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 3,143,238
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 961,812,541
 17. Less: Allowance for Loan & Lease Losses 0
 18: Less: Allowance for Credit Losses on Loans & Leases 7,562,000
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 1,049,710
 20. Land and Building 40,083,391
 21. Other Fixed Assets 3,051,832
 22. NCUA Share Insurance Capitalization Deposit 7,464,587
 23. Intangible Assets 0
 24. Other Assets 0
25. TOTAL ASSETS 1,181,155,376
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 60,625,000
 2. Other Notes, Promissory Notes and Interest Payable 0
 3. Borrowing Repurchase Transactions 0
 4. Subordinated Debt 26,600,000
 5. Subordinated Debt included in Net Worth 26,600,000
 6. TOTALS 87,225,000
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 373,865
 9. Accounts Payable and Other Liabilities 20,008,486
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 243,845,843
 12. Regular Shares 168,820,761
 13. Money Market Shares 356,034,480
 14. Share Certificates 151,586,093
 15. IRA/KEOGH Accounts 10,955,497
 16. All Other Shares 0
 17. TOTAL SHARES 931,242,674
 18. Nonmember Deposits 65,681,948
 19. TOTAL SHARES AND DEPOSITS 996,924,622
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) 79,910,992
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 3,767,302
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 222,121,384
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 291,090
EQUITY:  
 33. Undivided Earnings 80,241,490
 34. Regular Reserves 0
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 599,951
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -4,218,038
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 1,181,155,376
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 46,936,139
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 3,093,749
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 50,029,888
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 19,221,523
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 2,372,353
 9. TOTAL INTEREST EXPENSE 21,593,876
 10. Provision for Loan & Lease Losses 0
 11. Total Credit Loss Expense 2,097,491
 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 5,901,874
 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 101,743
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 1,351,538
 21. TOTAL NON-INTEREST INCOME 16,576,409
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 22,600,742
 23. Travel and Conference Expense 92,267
 24. Office Occupancy Expense 2,370,536
 25. Office Operations Expense 8,414,478
 26. Educational and Promotional Expenses 2,493,249
 27. Loan Servicing Expense 1,364,980
 28. Professional and Outside Services 1,098,698
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 131,695
 31. Miscellaneous Operating Expenses 92,046
 32. TOTAL NON-INTEREST EXPENSE 38,658,691
33. NET INCOME (LOSS) 4,256,239
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 Loans10.456,986$13,685,189
 2. Payday Alternative Loans (PALs I and PALs II)27.501,115$962,179
 3. Non-Federally Guaranteed Student Loans0.000$0
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans10.853,849$13,381,665
 5. New Vehicle Loans5.401,983$41,206,373
 6. Used Vehicle Loans6.908,134$129,512,014
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit5.95273$1,910,754
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property4.321,402$210,120,985
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property8.061,044$47,011,911
 11. All Other Real Estate Loans/Lines of Credit0.000$0
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured4.78554$463,695,588
 13. Commercial Loans/Lines of Credit Not Real Estate Secured7.27290$40,325,883
 14. TOTAL LOANS & LEASES25,630$961,812,541
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date7,803$276,146,523
  a. Payday Alternative Loans (PALs I and PALs II) Granted Year-to-Date2,249$2,352,978
MISCELLANEOUS LOAN INFORMATIONNumberAmount
 16. Non-Federally Guaranteed Student Loans in Deferred Status0$0
 17. Loans Outstanding to Credit Union Officials and Senior Executive Staff29$5,156,189
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$73,702$62,647
  b. Other Government Guaranteed0$0$0