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National Credit Union Service Organization

COREPLUS 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 COREPLUS FEDERAL CREDIT UNION as of: December 31, 2023.
Charter Number: 1148

ASSETS$ Amount
CASH:  
 1. Cash on Hand 3,227,998
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 21,537,187
 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 34,399,100
 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 50,214
 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 258,923,148
 17. Less: Allowance for Loan & Lease Losses 0
 18: Less: Allowance for Credit Losses on Loans & Leases 1,355,477
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 64,317
 20. Land and Building 2,824,586
 21. Other Fixed Assets 695,234
 22. NCUA Share Insurance Capitalization Deposit 2,931,142
 23. Intangible Assets 0
 24. Other Assets 0
25. TOTAL ASSETS 335,095,776
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 12,000,000
 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 12,000,000
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 17,972
 9. Accounts Payable and Other Liabilities 2,732,318
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 9,445
SHARES/DEPOSITS:  
 11. Share Drafts 57,823,553
 12. Regular Shares 115,383,799
 13. Money Market Shares 45,590,001
 14. Share Certificates 63,858,909
 15. IRA/KEOGH Accounts 9,910,225
 16. All Other Shares 850,957
 17. TOTAL SHARES 293,417,444
 18. Nonmember Deposits 3,875,000
 19. TOTAL SHARES AND DEPOSITS 297,292,444
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) 35,962,657
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 1,565,583
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 14,054,165
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 101,515
EQUITY:  
 33. Undivided Earnings 25,453,386
 34. Regular Reserves 0
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 2,931,294
 37. Equity Acquired in Merger 935,455
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -6,276,538
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 335,095,776
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 12,788,846
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 1,835,201
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 14,624,047
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 2,136,491
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 511,592
 9. TOTAL INTEREST EXPENSE 2,648,083
 10. Provision for Loan & Lease Losses 0
 11. Total Credit Loss Expense 1,840,077
 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 2,187,489
 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 86,044
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 0
 21. TOTAL NON-INTEREST INCOME 3,874,823
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 5,691,447
 23. Travel and Conference Expense 36,753
 24. Office Occupancy Expense 808,481
 25. Office Operations Expense 1,442,090
 26. Educational and Promotional Expenses 592,564
 27. Loan Servicing Expense 577,942
 28. Professional and Outside Services 2,528,258
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 51,666
 31. Miscellaneous Operating Expenses 274,499
 32. TOTAL NON-INTEREST EXPENSE 12,003,700
33. NET INCOME (LOSS) 2,007,010
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 Loans0.000$0
 2. Payday Alternative Loans (PALs I and PALs II)26.08783$540,278
 3. Non-Federally Guaranteed Student Loans11.00118$3,846,686
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans8.754,190$24,310,379
 5. New Vehicle Loans8.741,451$34,524,086
 6. Used Vehicle Loans7.995,988$92,860,480
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit8.74870$18,608,988
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property5.50625$61,573,767
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property8616$16,245,824
 11. All Other Real Estate Loans/Lines of Credit0.000$0
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured6.005$1,694,489
 13. Commercial Loans/Lines of Credit Not Real Estate Secured8.5022$4,718,171
 14. TOTAL LOANS & LEASES14,668$258,923,148
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date3,683$90,502,802
  a. Payday Alternative Loans (PALs I and PALs II) Granted Year-to-Date685$1,177,050
MISCELLANEOUS LOAN INFORMATIONNumberAmount
 16. Non-Federally Guaranteed Student Loans in Deferred Status0$0
 17. Loans Outstanding to Credit Union Officials and Senior Executive Staff8$620,867
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 Administration12$999,718$999,718
  b. Other Government Guaranteed11$3,880,028$3,880,028