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National Credit Union Service Organization

GTE FINANCIAL
— 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 GTE FINANCIAL as of: March 31, 2022.
Charter Number: 196

ASSETS$ Amount
CASH:  
 1. Cash on Hand 46,290,803
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 224,578,330
 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 288,526,765
 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 2,230,636
 11. Perpetual Contributed Capital 0
 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 12,357,185
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 1,997,130,998
 17. Less: Allowance for Loan & Lease Losses 21,560,549
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 583,240
 20. Land and Building 41,711,954
 21. Other Fixed Assets 9,349,267
 22. NCUA Share Insurance Capitalization Deposit 22,314,059
 23. Intangible Assets 0
 24. Other Assets 0
25. TOTAL ASSETS 2,858,942,617
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 2,000,000
 5. Subordinated Debt included in Net Worth 0
 6. TOTALS 2,000,000
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 629,517
 9. Accounts Payable and Other Liabilities 40,058,661
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 150,583,160
 12. Regular Shares 1,420,740,511
 13. Money Market Shares 305,093,649
 14. Share Certificates 596,860,668
 15. IRA/KEOGH Accounts 126,144,911
 16. All Other Shares 0
 17. TOTAL SHARES 2,599,422,899
 18. Nonmember Deposits 0
 19. TOTAL SHARES AND DEPOSITS 2,599,422,899
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) 477,238,074
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 44,326,783
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 468,651,521
 31. Dollar Amount of Commercial Share Accounts 299,931,680
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 540,902
EQUITY:  
 33. Undivided Earnings 178,890,187
 34. Regular Reserves 0
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 53,795,822
 37. Equity Acquired in Merger 0
 38. Miscellaneous Equity -2,300,000
 39. Other Comprehensive Income (not already included in items 40 - 43) -3,344,988
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -10,209,481
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 2,858,942,617
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 19,004,244
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 1,448,597
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 20,452,841
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 4,471,445
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 20,009
 9. TOTAL INTEREST EXPENSE 4,491,454
 10. Provision for Loan & Lease Losses 900,000
 11. Total Credit Loss Expense 0
 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 8,345,158
 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 -42,469
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 0
 21. TOTAL NON-INTEREST INCOME 16,210,729
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 13,336,703
 23. Travel and Conference Expense 147,850
 24. Office Occupancy Expense 1,665,505
 25. Office Operations Expense 5,437,428
 26. Educational and Promotional Expenses 1,822,373
 27. Loan Servicing Expense 1,871,157
 28. Professional and Outside Services 581,507
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 112,500
 31. Miscellaneous Operating Expenses 698,882
 32. TOTAL NON-INTEREST EXPENSE 25,673,905
33. NET INCOME (LOSS) 5,598,211
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 Loans6.9955,655$134,910,287
 2. Payday Alternative Loans (PALs I and PALs II)28.00286$377,593
 3. Non-Federally Guaranteed Student Loans5.74108$2,790,980
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans7.7415,088$27,801,030
 5. New Vehicle Loans3.4913,421$360,618,694
 6. Used Vehicle Loans3.7430,190$541,799,598
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit3.053,435$63,681,998
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property5.002,587$456,602,752
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property5.875,287$214,728,811
 11. All Other Real Estate Loans/Lines of Credit5.977$155,794
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured3.50291$181,227,682
 13. Commercial Loans/Lines of Credit Not Real Estate Secured4.50228$12,435,779
 14. TOTAL LOANS & LEASES126,583$1,997,130,998
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date8,024$268,748,501
  a. Payday Alternative Loans (PALs I and PALs II) Granted Year-to-Date312$450,396
MISCELLANEOUS LOAN INFORMATIONNumberAmount
 16. Non-Federally Guaranteed Student Loans in Deferred Status0$0
 17. Loans Outstanding to Credit Union Officials and Senior Executive Staff30$3,069,529
GOVERNMENT GUARANTEED LOANSNumberOutstanding BalanceGuaranteed Portion
 18. Non-Commercial Loans  
  a. 1. Small Business Administration3$55,657$27,828
  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 Administration2$453,949$226,975
  b. Other Government Guaranteed0$0$0