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National Credit Union Service Organization

FIRST TECH 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 FIRST TECH FEDERAL CREDIT UNION as of: December 31, 2021.
Charter Number: 19976

ASSETS$ Amount
CASH:  
 1. Cash on Hand 30,489,193
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 35,938,743
 3. Cash Equivalents (Investments with Original Maturities of Three Months or Less) 55,828,000
INVESTMENTS:  
 4. Equity Securities 171,489,116
 5. Trading Debut Securities 0
 6. Available-for-Sale Debt Securities 4,447,847,006
 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 200,000
 10. Nonperpetual Capital Account 0
 11. Perpetual Contributed Capital 0
 12. All other investments in corporate credit unions 0
 13. All other investments 56,483,100
 14. TOTAL INVESTMENTS 4,676,019,222
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 10,151,665
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 9,645,280,609
 17. Less: Allowance for Loan & Lease Losses 73,251,505
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 2,084,776
 20. Land and Building 67,496,630
 21. Other Fixed Assets 15,614,351
 22. NCUA Share Insurance Capitalization Deposit 95,699,624
 23. Intangible Assets 78,252,725
 24. Other Assets 289,176,776
25. TOTAL ASSETS 14,928,780,809
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 1,820,627,580
 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 1,820,627,580
 7. Non-Trading Derivative Liabilities 104,145
 8. Accrued Dividends & Interest Payable on Shares & Deposits 447
 9. Accounts Payable and Other Liabilities 97,664,450
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 3,700,801,262
 12. Regular Shares 1,852,330,357
 13. Money Market Shares 3,822,060,324
 14. Share Certificates 1,608,676,461
 15. IRA/KEOGH Accounts 292,077,934
 16. All Other Shares 0
 17. TOTAL SHARES 11,275,946,338
 18. Nonmember Deposits 93,483,475
 19. TOTAL SHARES AND DEPOSITS 11,369,429,813
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 21,054,350
 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) 986,301,753
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 130,130,541
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 231,928,174
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 545,777
EQUITY:  
 33. Undivided Earnings 1,248,143,134
 34. Regular Reserves 76,882,722
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 300,000,238
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) -4,894,715
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities 20,822,995
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 14,928,780,809
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 360,914,029
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 83,795,684
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 444,709,713
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 37,642,328
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 27,687,321
 9. TOTAL INTEREST EXPENSE 65,329,649
 10. Provision for Loan & Lease Losses 32,242,805
 11. Total Credit Loss Expense 0
 12. NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES or CREDIT LOSS EXPENSE 347,137,259
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 15,594,686
 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 39,706
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 9,442,384
 21. TOTAL NON-INTEREST INCOME 159,374,417
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 188,718,769
 23. Travel and Conference Expense 1,257,131
 24. Office Occupancy Expense 16,108,225
 25. Office Operations Expense 26,129,236
 26. Educational and Promotional Expenses 15,313,949
 27. Loan Servicing Expense 19,881,721
 28. Professional and Outside Services 56,572,288
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 806,045
 31. Miscellaneous Operating Expenses 6,721,144
 32. TOTAL NON-INTEREST EXPENSE 331,508,508
33. NET INCOME (LOSS) 175,003,168
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 Loans6.99172,082$348,876,718
 2. Payday Alternative Loans (PALs I and PALs II)0.000$0
 3. Non-Federally Guaranteed Student Loans2.8411,328$727,376,187
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans13.5081,940$711,715,723
 5. New Vehicle Loans3.4451,622$1,231,352,213
 6. Used Vehicle Loans3.9735,748$627,721,871
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit3.055,298$64,208,552
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property2.889,431$4,343,114,521
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property4.6315,210$832,731,732
 11. All Other Real Estate Loans/Lines of Credit0.000$0
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured3.88226$758,183,092
 13. Commercial Loans/Lines of Credit Not Real Estate Secured0.000$0
 14. TOTAL LOANS & LEASES382,885$9,645,280,609
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date70,195$6,295,845,170
  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 Status7$304,210
 17. Loans Outstanding to Credit Union Officials and Senior Executive Staff113$30,220,630
GOVERNMENT GUARANTEED LOANSNumberOutstanding BalanceGuaranteed Portion
 18. Non-Commercial Loans  
  a. 1. Small Business Administration52$1,878,533$1,878,533
  a. 2. Paycheck Protection Program Loans (Included in 18.a.1.)52$1,878,533-
  b. Other Government Guaranteed0$0$0
 19. Commercial Loans  
  a. Small Business Administration0$0$0
  b. Other Government Guaranteed0$0$0