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National Credit Union Service Organization

HENRICO 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 HENRICO FEDERAL CREDIT UNION as of: December 31, 2023.
Charter Number: 18175

ASSETS$ Amount
CASH:  
 1. Cash on Hand 572,093
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 31,396,100
 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 88,456,919
 7. Held-to-Maturity Debt Securities 0
 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 5
 11. Perpetual Contributed Capital 403,973
 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 247,151,650
 17. Less: Allowance for Loan & Lease Losses 0
 18: Less: Allowance for Credit Losses on Loans & Leases 1,889,170
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 0
 20. Land and Building 6,926,209
 21. Other Fixed Assets 867,233
 22. NCUA Share Insurance Capitalization Deposit 3,642,030
 23. Intangible Assets 0
 24. Other Assets 0
25. TOTAL ASSETS 432,655,596
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 7,753,800
 2. Other Notes, Promissory Notes and Interest Payable 0
 3. Borrowing Repurchase Transactions 0
 4. Subordinated Debt 5,000,000
 5. Subordinated Debt included in Net Worth 5,000,000
 6. TOTALS 12,753,800
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 0
 9. Accounts Payable and Other Liabilities 3,598,896
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 14,767
SHARES/DEPOSITS:  
 11. Share Drafts 126,673,486
 12. Regular Shares 162,390,088
 13. Money Market Shares 0
 14. Share Certificates 79,027,504
 15. IRA/KEOGH Accounts 10,984,425
 16. All Other Shares 0
 17. TOTAL SHARES 379,075,503
 18. Nonmember Deposits 10,170,500
 19. TOTAL SHARES AND DEPOSITS 389,246,003
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 5,478,549
 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) 48,710,682
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 3,766,750
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 10,979,636
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 185,035
EQUITY:  
 33. Undivided Earnings 31,451,470
 34. Regular Reserves 0
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 3,360,059
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) -1,963,251
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -5,806,148
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 432,655,596
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 11,340,057
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 2,904,774
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 14,244,831
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 4,417,666
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 268,358
 9. TOTAL INTEREST EXPENSE 4,686,024
 10. Provision for Loan & Lease Losses 0
 11. Total Credit Loss Expense 1,094,020
 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 3,144,871
 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 -150
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 229,706
 21. TOTAL NON-INTEREST INCOME 5,967,046
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 6,144,631
 23. Travel and Conference Expense 124,546
 24. Office Occupancy Expense 584,099
 25. Office Operations Expense 1,113,266
 26. Educational and Promotional Expenses 204,622
 27. Loan Servicing Expense 1,398,049
 28. Professional and Outside Services 2,049,347
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 67,536
 31. Miscellaneous Operating Expenses 126,052
 32. TOTAL NON-INTEREST EXPENSE 11,812,148
33. NET INCOME (LOSS) 2,619,685
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 Loans8.583,902$9,639,396
 2. Payday Alternative Loans (PALs I and PALs II)0.000$0
 3. Non-Federally Guaranteed Student Loans7.064$6,035
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans10.572,480$7,874,660
 5. New Vehicle Loans4.281,309$30,890,104
 6. Used Vehicle Loans4.926,432$104,613,075
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit5.45333$4,323,769
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property3.54484$48,014,662
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property6.36540$32,283,195
 11. All Other Real Estate Loans/Lines of Credit0.000$0
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured4.8828$9,506,754
 13. Commercial Loans/Lines of Credit Not Real Estate Secured0.000$0
 14. TOTAL LOANS & LEASES15,512$247,151,650
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date3,466$84,080,014
  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 Staff24$702,499
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