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National Credit Union Service Organization

FINGER LAKES 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 FINGER LAKES FEDERAL CREDIT UNION as of: December 31, 2023.
Charter Number: 18022

ASSETS$ Amount
CASH:  
 1. Cash on Hand 2,002,912
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 10,350,214
 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 36,370,906
 7. Held-to-Maturity Debt Securities 3,260,386
 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 227,996
 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 169,537,973
 17. Less: Allowance for Loan & Lease Losses 0
 18: Less: Allowance for Credit Losses on Loans & Leases 862,238
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 0
 20. Land and Building 1,490,562
 21. Other Fixed Assets 208,336
 22. NCUA Share Insurance Capitalization Deposit 2,137,884
 23. Intangible Assets 0
 24. Other Assets 0
25. TOTAL ASSETS 235,979,235
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 2,817,385
 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 2,817,385
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 0
 9. Accounts Payable and Other Liabilities 1,246,107
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 55,108,834
 12. Regular Shares 132,827,892
 13. Money Market Shares 9,892,892
 14. Share Certificates 5,997,398
 15. IRA/KEOGH Accounts 4,874,708
 16. All Other Shares 896,108
 17. TOTAL SHARES 209,597,833
 18. Nonmember Deposits 0
 19. TOTAL SHARES AND DEPOSITS 209,597,833
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) 919,690
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 1,230,499
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 4,632,045
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 81,411
EQUITY:  
 33. Undivided Earnings 21,442,689
 34. Regular Reserves 0
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 4,859,880
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) -287,534
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -3,697,125
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 235,979,235
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 6,939,175
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 1,400,712
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 8,339,887
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 177,685
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 606
 9. TOTAL INTEREST EXPENSE 178,291
 10. Provision for Loan & Lease Losses 0
 11. Total Credit Loss Expense 107,674
 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 1,556,610
 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 2,971,453
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 3,917,107
 23. Travel and Conference Expense 46,735
 24. Office Occupancy Expense 415,082
 25. Office Operations Expense 1,136,537
 26. Educational and Promotional Expenses 52,283
 27. Loan Servicing Expense 1,619,656
 28. Professional and Outside Services 604,854
 29. Total Member Insurance 40,180
 30. Operating Fees (Examination and/or supervision fees) 27,132
 31. Miscellaneous Operating Expenses 179,853
 32. TOTAL NON-INTEREST EXPENSE 8,039,419
33. NET INCOME (LOSS) 2,985,956
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 Loans9.903,752$7,451,579
 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 loans9.191,657$4,853,500
 5. New Vehicle Loans3.631,245$23,977,877
 6. Used Vehicle Loans4.552,654$37,016,544
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit6.50228$4,740,694
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property4.14814$65,833,757
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property6.37518$17,060,766
 11. All Other Real Estate Loans/Lines of Credit0.000$0
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured3.5011$6,766,816
 13. Commercial Loans/Lines of Credit Not Real Estate Secured7.0017$1,836,440
 14. TOTAL LOANS & LEASES10,896$169,537,973
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date1,329$39,829,985
  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 Staff34$834,149
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