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National Credit Union Service Organization

VISIONS 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 VISIONS FEDERAL CREDIT UNION as of: March 31, 2021.
Charter Number: 17429

ASSETS$ Amount
CASH:  
 1. Cash on Hand 44,890,461
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 155,989,993
 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 1,848,620,224
 7. Held-to-Maturity Debt Securities 250,000
 8. Deposits in commercial banks, S&Ls, savings banks 0
 9. Loans to and investments in natural person credit unions 38,182
 10. Nonperpetual Capital Account 0
 11. Perpetual Contributed Capital 1,431,905
 12. All other investments in corporate credit unions 0
 13. All other investments 23,320,545
 14. TOTAL INVESTMENTS 1,873,660,856
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 0
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 2,982,509,831
 17. Less: Allowance for Loan & Lease Losses 56,345,934
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 1,266,338
 20. Land and Building 50,955,407
 21. Other Fixed Assets 16,269,859
 22. NCUA Share Insurance Capitalization Deposit 34,424,897
 23. Intangible Assets 25,106,883
 24. Other Assets 160,496,277
25. TOTAL ASSETS 5,289,224,868
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 0
 2. Other Notes, Promissory Notes and Interest Payable 425,611,312
 3. Borrowing Repurchase Transactions 0
 4. Subordinated Debt 0
 5. Subordinated Debt included in Net Worth 0
 6. TOTALS 425,611,312
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 0
 9. Accounts Payable and Other Liabilities 48,786,897
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 732,976,532
 12. Regular Shares 1,290,911,291
 13. Money Market Shares 1,275,101,243
 14. Share Certificates 744,387,344
 15. IRA/KEOGH Accounts 231,378,958
 16. All Other Shares 20,364,432
 17. TOTAL SHARES 4,295,119,800
 18. Nonmember Deposits 42,452
 19. TOTAL SHARES AND DEPOSITS 4,295,162,252
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 3,995,623
 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) 335,398,899
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 70,988,184
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 179,029,714
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 275,302
EQUITY:  
 33. Undivided Earnings 0
 34. Regular Reserves 61,837,749
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 506,716,569
 37. Equity Acquired in Merger 1,652,800
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) -27,939,072
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -22,603,639
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 5,289,224,868
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 28,815,493
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 6,540,903
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 35,356,396
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 5,717,399
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 1,441,583
 9. TOTAL INTEREST EXPENSE 7,158,982
 10. Provision for Loan & Lease Losses 2,075,000
 11. Total Credit Loss Expense 0
 12. NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES or CREDIT LOSS EXPENSE 26,122,414
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 1,756,038
 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 16,614
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 1,085,970
 21. TOTAL NON-INTEREST INCOME 10,283,366
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 15,805,243
 23. Travel and Conference Expense 150,455
 24. Office Occupancy Expense 2,742,378
 25. Office Operations Expense 5,326,801
 26. Educational and Promotional Expenses 1,022,243
 27. Loan Servicing Expense 1,230,323
 28. Professional and Outside Services 1,379,177
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 144,866
 31. Miscellaneous Operating Expenses 255,982
 32. TOTAL NON-INTEREST EXPENSE 28,057,468
33. NET INCOME (LOSS) 8,348,312
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 Loans7.5043,565$51,853,077
 2. Payday Alternative Loans (PALs I and PALs II)0.000$0
 3. Non-Federally Guaranteed Student Loans7.001,737$17,666,052
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans6.9945,939$230,618,810
 5. New Vehicle Loans2.7513,772$260,756,923
 6. Used Vehicle Loans3.2521,613$281,148,393
 7. Leases Receivable3.365,046$161,383,975
 8. All Other Secured Non-Real Estate Loans/Lines of Credit6.492,857$40,343,603
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property2.8812,567$1,392,463,256
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property3.754,142$145,366,025
 11. All Other Real Estate Loans/Lines of Credit4.0015$404,186
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured4.00330$358,836,359
 13. Commercial Loans/Lines of Credit Not Real Estate Secured5.00199$41,669,172
 14. TOTAL LOANS & LEASES151,782$2,982,509,831
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date5,568$261,900,756
  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 Status130$2,544,138
 17. Loans Outstanding to Credit Union Officials and Senior Executive Staff42$1,639,937
GOVERNMENT GUARANTEED LOANSNumberOutstanding BalanceGuaranteed Portion
 18. Non-Commercial Loans  
  a. 1. Small Business Administration327$14,904,059$14,904,059
  a. 2. Paycheck Protection Program Loans (Included in 18.a.1.)327$14,904,059-
  b. Other Government Guaranteed0$0$0
 19. Commercial Loans  
  a. Small Business Administration2$122,133$70,881
  b. Other Government Guaranteed0$0$0