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National Credit Union Service Organization

NASSAU FINANCIAL 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 NASSAU FINANCIAL FEDERAL CREDIT UNION as of: December 31, 2021.
Charter Number: 1404

ASSETS$ Amount
CASH:  
 1. Cash on Hand 2,856,500
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 54,927,751
 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 92,427,376
 7. Held-to-Maturity Debt Securities 0
 8. Deposits in commercial banks, S&Ls, savings banks 3,220,641
 9. Loans to and investments in natural person credit unions 0
 10. Nonperpetual Capital Account 0
 11. Perpetual Contributed Capital 410,000
 12. All other investments in corporate credit unions 0
 13. All other investments 337,208
 14. TOTAL INVESTMENTS 96,395,225
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 0
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 212,789,586
 17. Less: Allowance for Loan & Lease Losses 1,342,415
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 526,577
 20. Land and Building 5,855,713
 21. Other Fixed Assets 3,359,875
 22. NCUA Share Insurance Capitalization Deposit 3,684,232
 23. Intangible Assets 0
 24. Other Assets 11,322,574
25. TOTAL ASSETS 390,375,618
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 4,057,742
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 67,021,452
 12. Regular Shares 124,314,394
 13. Money Market Shares 119,864,320
 14. Share Certificates 42,892,785
 15. IRA/KEOGH Accounts 15,477,467
 16. All Other Shares 0
 17. TOTAL SHARES 369,570,418
 18. Nonmember Deposits 0
 19. TOTAL SHARES AND DEPOSITS 369,570,418
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) 15,224,314
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 3,554,077
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 506,325
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 93,061
EQUITY:  
 33. Undivided Earnings 14,322,326
 34. Regular Reserves 4,917,600
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 0
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -2,492,468
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 390,375,618
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 8,055,897
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 1,250,105
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 9,306,002
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 803,213
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 0
 9. TOTAL INTEREST EXPENSE 803,213
 10. Provision for Loan & Lease Losses -70,971
 11. Total Credit Loss Expense 0
 12. NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES or CREDIT LOSS EXPENSE 8,573,760
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 2,133,624
 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 197,803
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 0
 21. TOTAL NON-INTEREST INCOME 2,959,765
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 5,554,910
 23. Travel and Conference Expense 101,524
 24. Office Occupancy Expense 1,291,005
 25. Office Operations Expense 3,723,998
 26. Educational and Promotional Expenses 360,189
 27. Loan Servicing Expense 729,722
 28. Professional and Outside Services 704,014
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 87,186
 31. Miscellaneous Operating Expenses 283,849
 32. TOTAL NON-INTEREST EXPENSE 12,836,397
33. NET INCOME (LOSS) -1,302,872
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 Loans10.822,022$3,891,926
 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 loans8.852,847$18,630,254
 5. New Vehicle Loans3.80418$6,133,549
 6. Used Vehicle Loans4.25664$7,859,509
 7. Leases Receivable4.8916$466,928
 8. All Other Secured Non-Real Estate Loans/Lines of Credit4.65315$2,336,339
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property3.13384$85,806,737
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property00$0
 11. All Other Real Estate Loans/Lines of Credit3.53794$74,400,707
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured4.029$11,202,007
 13. Commercial Loans/Lines of Credit Not Real Estate Secured3.136$2,061,630
 14. TOTAL LOANS & LEASES7,475$212,789,586
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date529$54,681,025
  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 Staff10$1,336,035
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 Administration0$0$0
  b. Other Government Guaranteed0$0$0