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National Credit Union Service Organization

CORNERSTONE 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 CORNERSTONE COMMUNITY FEDERAL CREDIT UNION as of: December 31, 2023.
Charter Number: 11723

ASSETS$ Amount
CASH:  
 1. Cash on Hand 6,503,332
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 12,761,188
 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 140,373,755
 7. Held-to-Maturity Debt Securities 16,752,555
 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 438,272
 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 383,902,750
 17. Less: Allowance for Loan & Lease Losses 0
 18: Less: Allowance for Credit Losses on Loans & Leases 2,445,403
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 82,604
 20. Land and Building 15,327,751
 21. Other Fixed Assets 712,652
 22. NCUA Share Insurance Capitalization Deposit 5,251,492
 23. Intangible Assets 0
 24. Other Assets 0
25. TOTAL ASSETS 608,147,303
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 18,870,163
 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 18,870,164
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 141,903
 9. Accounts Payable and Other Liabilities 3,649,068
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 15,000
SHARES/DEPOSITS:  
 11. Share Drafts 110,691,062
 12. Regular Shares 285,495,884
 13. Money Market Shares 74,902,179
 14. Share Certificates 56,850,883
 15. IRA/KEOGH Accounts 20,154,927
 16. All Other Shares 187,760
 17. TOTAL SHARES 548,282,694
 18. Nonmember Deposits 10,002,000
 19. TOTAL SHARES AND DEPOSITS 558,284,694
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) 32,135,212
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 5,887,945
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 13,332,013
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 243,278
EQUITY:  
 33. Undivided Earnings 41,933,839
 34. Regular Reserves 0
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 7,119,882
 37. Equity Acquired in Merger 146,234
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -22,013,481
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 608,147,303
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 17,663,698
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 3,572,588
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 21,236,286
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 1,144,842
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 732,744
 9. TOTAL INTEREST EXPENSE 1,877,586
 10. Provision for Loan & Lease Losses 0
 11. Total Credit Loss Expense 871,300
 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 3,233,390
 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 1,417
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 0
 21. TOTAL NON-INTEREST INCOME 7,047,450
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 12,202,671
 23. Travel and Conference Expense 217,007
 24. Office Occupancy Expense 1,370,114
 25. Office Operations Expense 2,747,612
 26. Educational and Promotional Expenses 776,484
 27. Loan Servicing Expense 1,278,566
 28. Professional and Outside Services 2,924,452
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 94,079
 31. Miscellaneous Operating Expenses 78,085
 32. TOTAL NON-INTEREST EXPENSE 21,689,070
33. NET INCOME (LOSS) 3,845,780
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 Loans9.909,935$15,187,742
 2. Payday Alternative Loans (PALs I and PALs II)0.000$0
 3. Non-Federally Guaranteed Student Loans9.6985$578,237
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans9.993,831$16,884,567
 5. New Vehicle Loans6.741,127$24,981,224
 6. Used Vehicle Loans7.295,040$69,418,540
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit5.561,070$17,409,778
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property4.251,862$113,175,922
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property5.231,688$58,534,696
 11. All Other Real Estate Loans/Lines of Credit5.201$6,330
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured5.6458$64,874,050
 13. Commercial Loans/Lines of Credit Not Real Estate Secured6.9620$2,851,661
 14. TOTAL LOANS & LEASES24,717$383,902,747
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date4,694$120,256,563
  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$367,904
GOVERNMENT GUARANTEED LOANSNumberOutstanding BalanceGuaranteed Portion
 18. Non-Commercial Loans  
  a. 1. Small Business Administration1$169$169
  a. 2. Paycheck Protection Program Loans (Included in 18.a.1.)1$169-
  b. Other Government Guaranteed0$0$0
 19. Commercial Loans  
  a. Small Business Administration0$0$0
  b. Other Government Guaranteed0$0$0