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National Credit Union Service Organization

MINNESOTA VALLEY 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 MINNESOTA VALLEY FEDERAL CREDIT UNION as of: March 31, 2021.
Charter Number: 19440

ASSETS$ Amount
CASH:  
 1. Cash on Hand 809,945
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 18,709,357
 3. Cash Equivalents (Investments with Original Maturities of Three Months or Less) 259,796
INVESTMENTS:  
 4. Equity Securities 0
 5. Trading Debut Securities 0
 6. Available-for-Sale Debt Securities 0
 7. Held-to-Maturity Debt Securities 35,093,609
 8. Deposits in commercial banks, S&Ls, savings banks 52,897,000
 9. Loans to and investments in natural person credit unions 10,581,000
 10. Nonperpetual Capital Account 0
 11. Perpetual Contributed Capital 156,722
 12. All other investments in corporate credit unions 5,690,000
 13. All other investments 267,400
 14. TOTAL INVESTMENTS 104,685,731
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 1,172,015
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 110,668,961
 17. Less: Allowance for Loan & Lease Losses 718,483
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 54,944
 20. Land and Building 1,183,694
 21. Other Fixed Assets 535,024
 22. NCUA Share Insurance Capitalization Deposit 1,823,276
 23. Intangible Assets 0
 24. Other Assets 2,626,562
25. TOTAL ASSETS 241,810,822
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 105,852
 9. Accounts Payable and Other Liabilities 485,516
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 47,054,390
 12. Regular Shares 64,155,358
 13. Money Market Shares 80,903,797
 14. Share Certificates 18,708,089
 15. IRA/KEOGH Accounts 5,773,148
 16. All Other Shares 1,161,343
 17. TOTAL SHARES 217,756,125
 18. Nonmember Deposits 0
 19. TOTAL SHARES AND DEPOSITS 217,756,125
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 910,787
 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) 4,888,965
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 133,454
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 1,610,039
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 1,312
EQUITY:  
 33. Undivided Earnings 20,947,085
 34. Regular Reserves 876,944
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 207,981
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities 0
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 1,431,319
44. TOTAL LIABILITIES, SHARES, AND EQUITY 241,810,822
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 1,127,385
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 312,146
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 1,439,531
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 226,104
 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 226,104
 10. Provision for Loan & Lease Losses 50,195
 11. Total Credit Loss Expense 0
 12. NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES or CREDIT LOSS EXPENSE 1,163,232
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 235,813
 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) 712,641
 21. TOTAL NON-INTEREST INCOME 1,663,334
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 634,962
 23. Travel and Conference Expense 6,171
 24. Office Occupancy Expense 43,684
 25. Office Operations Expense 470,746
 26. Educational and Promotional Expenses 45,523
 27. Loan Servicing Expense 112,221
 28. Professional and Outside Services 58,768
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 12,456
 31. Miscellaneous Operating Expenses 10,717
 32. TOTAL NON-INTEREST EXPENSE 1,395,248
33. NET INCOME (LOSS) 1,431,318
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 Loans11.241,058$989,593
 2. Payday Alternative Loans (PALs I and PALs II)18.003$882
 3. Non-Federally Guaranteed Student Loans6.00117$429,616
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans12.90659$688,018
 5. New Vehicle Loans2.74391$8,656,336
 6. Used Vehicle Loans2.993,139$34,952,311
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit8.32579$8,083,331
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property2.38260$34,306,382
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property4669$19,924,132
 11. All Other Real Estate Loans/Lines of Credit0.000$0
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured3.509$2,191,031
 13. Commercial Loans/Lines of Credit Not Real Estate Secured4.0019$447,329
 14. TOTAL LOANS & LEASES6,903$110,668,961
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date554$30,053,033
  a. Payday Alternative Loans (PALs I and PALs II) Granted Year-to-Date1$519
MISCELLANEOUS LOAN INFORMATIONNumberAmount
 16. Non-Federally Guaranteed Student Loans in Deferred Status0$0
 17. Loans Outstanding to Credit Union Officials and Senior Executive Staff18$532,414
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