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National Credit Union Service Organization

SIGNATURE 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 SIGNATURE FEDERAL CREDIT UNION as of: December 31, 2023.
Charter Number: 20061

ASSETS$ Amount
CASH:  
 1. Cash on Hand 339,086
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 42,490,099
 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 32,068,526
 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 0
 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 0
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 362,331,702
 17. Less: Allowance for Loan & Lease Losses 0
 18: Less: Allowance for Credit Losses on Loans & Leases 1,621,165
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 277,878
 20. Land and Building 853,014
 21. Other Fixed Assets 527,181
 22. NCUA Share Insurance Capitalization Deposit 3,070,688
 23. Intangible Assets 0
 24. Other Assets 0
25. TOTAL ASSETS 451,417,282
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 35,000,000
 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 35,000,000
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 761,075
 9. Accounts Payable and Other Liabilities 2,688,819
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 44,666,259
 12. Regular Shares 43,955,317
 13. Money Market Shares 34,578,870
 14. Share Certificates 177,959,055
 15. IRA/KEOGH Accounts 26,554,839
 16. All Other Shares 0
 17. TOTAL SHARES 327,714,340
 18. Nonmember Deposits 45,322,000
 19. TOTAL SHARES AND DEPOSITS 373,036,340
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) 112,358,775
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 14,488,679
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 2,123,335
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 10,897
EQUITY:  
 33. Undivided Earnings 37,847,997
 34. Regular Reserves 0
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 3,768,665
 37. Equity Acquired in Merger 0
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -1,685,614
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 451,417,282
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 19,821,735
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 1,379,076
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 22,320,668
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 8,710,024
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 911,154
 9. TOTAL INTEREST EXPENSE 9,621,178
 10. Provision for Loan & Lease Losses 0
 11. Total Credit Loss Expense 1,109,178
 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 608,832
 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) 0
 21. TOTAL NON-INTEREST INCOME 1,765,329
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 6,504,570
 23. Travel and Conference Expense 211,679
 24. Office Occupancy Expense 325,162
 25. Office Operations Expense 2,555,114
 26. Educational and Promotional Expenses 228,348
 27. Loan Servicing Expense 2,005,344
 28. Professional and Outside Services 495,941
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 61,040
 31. Miscellaneous Operating Expenses 116,756
 32. TOTAL NON-INTEREST EXPENSE 12,503,954
33. NET INCOME (LOSS) 851,687
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 Loans10.9910,307$26,011,958
 2. Payday Alternative Loans (PALs I and PALs II)28.001$1,000
 3. Non-Federally Guaranteed Student Loans2.75218$2,786,414
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans15.002,993$11,119,719
 5. New Vehicle Loans4.00496$14,605,867
 6. Used Vehicle Loans2.251,892$32,456,416
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit3.1538$720,707
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property3.00521$105,751,055
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property82,225$153,803,492
 11. All Other Real Estate Loans/Lines of Credit0.000$0
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured4.8021$15,002,726
 13. Commercial Loans/Lines of Credit Not Real Estate Secured4.304$72,348
 14. TOTAL LOANS & LEASES18,716$362,331,702
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date1,944$79,877,499
  a. Payday Alternative Loans (PALs I and PALs II) Granted Year-to-Date4$1,082
MISCELLANEOUS LOAN INFORMATIONNumberAmount
 16. Non-Federally Guaranteed Student Loans in Deferred Status0$0
 17. Loans Outstanding to Credit Union Officials and Senior Executive Staff29$1,043,380
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