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National Credit Union Service Organization

ONTARIO SHORES 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 ONTARIO SHORES FEDERAL CREDIT UNION as of: June 30, 2021.
Charter Number: 14462

ASSETS$ Amount
CASH:  
 1. Cash on Hand 1,148,268
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 39,113,535
 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 0
 7. Held-to-Maturity Debt Securities 29,496,000
 8. Deposits in commercial banks, S&Ls, savings banks 498,000
 9. Loans to and investments in natural person credit unions 656,000
 10. Nonperpetual Capital Account 0
 11. Perpetual Contributed Capital 65,129
 12. All other investments in corporate credit unions 0
 13. All other investments 0
 14. TOTAL INVESTMENTS 30,715,129
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 0
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 64,367,898
 17. Less: Allowance for Loan & Lease Losses 300,832
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 0
 20. Land and Building 465,246
 21. Other Fixed Assets 21,720
 22. NCUA Share Insurance Capitalization Deposit 1,028,905
 23. Intangible Assets 0
 24. Other Assets 381,139
25. TOTAL ASSETS 136,941,008
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 974,117
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 33,443,938
 12. Regular Shares 68,459,868
 13. Money Market Shares 10,966,841
 14. Share Certificates 6,224,596
 15. IRA/KEOGH Accounts 4,921,404
 16. All Other Shares 0
 17. TOTAL SHARES 124,016,647
 18. Nonmember Deposits 0
 19. TOTAL SHARES AND DEPOSITS 124,016,647
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) 2,099,579
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 1,567,609
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 10,100,562
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 25,964
EQUITY:  
 33. Undivided Earnings 10,413,353
 34. Regular Reserves 819,201
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 0
 38. Miscellaneous Equity 14,987
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities 0
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 702,703
44. TOTAL LIABILITIES, SHARES, AND EQUITY 136,941,008
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 1,207,068
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 328,313
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 1,535,381
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 75,264
 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 75,264
 10. Provision for Loan & Lease Losses 1,682
 11. Total Credit Loss Expense 0
 12. NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES or CREDIT LOSS EXPENSE 1,458,435
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 123,269
 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 0
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 0
 21. TOTAL NON-INTEREST INCOME 516,285
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 566,814
 23. Travel and Conference Expense 3,352
 24. Office Occupancy Expense 71,534
 25. Office Operations Expense 252,376
 26. Educational and Promotional Expenses 45,058
 27. Loan Servicing Expense 103,788
 28. Professional and Outside Services 203,373
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 8,037
 31. Miscellaneous Operating Expenses 17,685
 32. TOTAL NON-INTEREST EXPENSE 1,272,017
33. NET INCOME (LOSS) 702,703
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 Loans11.751,335$1,062,667
 2. Payday Alternative Loans (PALs I and PALs II)0.000$0
 3. Non-Federally Guaranteed Student Loans5.005$33,454
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans9.00890$933,783
 5. New Vehicle Loans3.25177$3,668,129
 6. Used Vehicle Loans3.50513$6,265,444
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit5.00103$1,333,022
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property3.00433$37,574,698
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property3.5515$13,496,701
 11. All Other Real Estate Loans/Lines of Credit0.000$0
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured0.000$0
 13. Commercial Loans/Lines of Credit Not Real Estate Secured0.000$0
 14. TOTAL LOANS & LEASES3,971$64,367,898
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date397$10,411,470
  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 Status3$33,454
 17. Loans Outstanding to Credit Union Officials and Senior Executive Staff11$992,921
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