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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, 2020.
Charter Number: 19976

ASSETS$ Amount
CASH:  
 1. Cash on Hand 36,129,395
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 234,307,602
 3. Cash Equivalents (Investments with Original Maturities of Three Months or Less) 68,666,000
INVESTMENTS:  
 4. Equity Securities 124,989,666
 5. Trading Debut Securities 0
 6. Available-for-Sale Debt Securities 3,986,623,590
 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 40,132,200
 14. TOTAL INVESTMENTS 4,151,945,456
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 17,367,406
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 8,859,722,124
 17. Less: Allowance for Loan & Lease Losses 73,344,012
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 1,492,164
 20. Land and Building 70,356,110
 21. Other Fixed Assets 19,086,005
 22. NCUA Share Insurance Capitalization Deposit 91,477,326
 23. Intangible Assets 79,256,558
 24. Other Assets 274,735,043
25. TOTAL ASSETS 13,831,197,177
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 0
 2. Other Notes, Promissory Notes and Interest Payable 1,294,817,119
 3. Borrowing Repurchase Transactions 0
 4. Subordinated Debt 0
 5. Subordinated Debt included in Net Worth 0
 6. TOTALS 1,294,817,119
 7. Non-Trading Derivative Liabilities 1,579,797
 8. Accrued Dividends & Interest Payable on Shares & Deposits 1,338
 9. Accounts Payable and Other Liabilities 90,654,145
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 650,253,880
 12. Regular Shares 4,081,323,214
 13. Money Market Shares 3,745,626,469
 14. Share Certificates 1,921,259,022
 15. IRA/KEOGH Accounts 301,780,639
 16. All Other Shares 0
 17. TOTAL SHARES 10,700,243,224
 18. Nonmember Deposits 195,885,637
 19. TOTAL SHARES AND DEPOSITS 10,896,128,861
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 20,396,566
 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) 1,178,392,582
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 128,749,019
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 2,672,557,737
 31. Dollar Amount of Commercial Share Accounts 196,083,226
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 588,244
EQUITY:  
 33. Undivided Earnings 1,073,139,966
 34. Regular Reserves 76,882,722
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 300,000,238
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) -8,137,708
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities 106,130,699
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 13,831,197,177
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 392,652,460
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 87,329,408
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 10,910,935
 5. TOTAL INTEREST INCOME 490,892,803
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 69,760,106
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 62,082,570
 9. TOTAL INTEREST EXPENSE 131,842,676
 10. Provision for Loan & Lease Losses 60,942,303
 11. Total Credit Loss Expense 0
 12. NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES or CREDIT LOSS EXPENSE 298,107,824
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 14,016,990
 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) 115,608,541
 15. Gain (Loss) on Equity Securities (DO NOT include Gain (Loss) on other securities) -3,816,896
 16. Gain (Loss) on Other Securities (DO NOT include Gain or Loss on Equity Securities) 20,591,807
 17. Gain (Loss) on Non-Trading Derivatives 0
 18. Gain (Loss) on Disposition of Fixed Assets -204,001
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 7,028
 21. TOTAL NON-INTEREST INCOME 146,203,469
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 179,970,101
 23. Travel and Conference Expense 1,323,328
 24. Office Occupancy Expense 16,823,797
 25. Office Operations Expense 27,258,462
 26. Educational and Promotional Expenses 14,260,642
 27. Loan Servicing Expense 20,108,710
 28. Professional and Outside Services 54,053,299
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 912,341
 31. Miscellaneous Operating Expenses 5,577,506
 32. TOTAL NON-INTEREST EXPENSE 320,288,186
33. NET INCOME (LOSS) 124,023,107
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 Loans6.99161,702$334,670,053
 2. Payday Alternative Loans (PALs I and PALs II)0.000$0
 3. Non-Federally Guaranteed Student Loans3.70419$11,229,627
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans6.7084,441$1,097,317,248
 5. New Vehicle Loans2.4660,487$1,311,736,571
 6. Used Vehicle Loans2.5835,074$540,209,141
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit4.50469$11,193,019
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property2.5011,089$3,964,870,084
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property3.2518,418$1,070,571,805
 11. All Other Real Estate Loans/Lines of Credit0.000$0
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured3.82245$515,315,604
 13. Commercial Loans/Lines of Credit Not Real Estate Secured6.2527$2,608,972
 14. TOTAL LOANS & LEASES372,371$8,859,722,124
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date59,000$5,064,790,478
  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 Status11$524,348
 17. Loans Outstanding to Credit Union Officials and Senior Executive Staff109$29,055,754
GOVERNMENT GUARANTEED LOANSNumberOutstanding BalanceGuaranteed Portion
 18. Non-Commercial Loans  
  a. 1. Small Business Administration159$4,727,807$4,727,807
  a. 2. Paycheck Protection Program Loans (Included in 18.a.1.)159$4,727,807-
  b. Other Government Guaranteed0$0$0
 19. Commercial Loans  
  a. Small Business Administration0$0$0
  b. Other Government Guaranteed0$0$0