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National Credit Union Service Organization

GO 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 GO FEDERAL CREDIT UNION as of: December 31, 2023.
Charter Number: 2073

ASSETS$ Amount
CASH:  
 1. Cash on Hand 1,085,807
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 31,831,725
 3. Cash Equivalents (Investments with Original Maturities of Three Months or Less) 498,000
INVESTMENTS:  
 4. Equity Securities 0
 5. Trading Debut Securities 0
 6. Available-for-Sale Debt Securities 8,442
 7. Held-to-Maturity Debt Securities 376,876
 8. Deposits in commercial banks, S&Ls, savings banks 3,486,000
 9. Loans to and investments in natural person credit unions 249,000
 10. Nonperpetual Capital Account 292,280
 11. Perpetual Contributed Capital 0
 12. All other investments in corporate credit unions 0
 13. All other investments 564,194
 14. TOTAL INVESTMENTS 4,976,792
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 0
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 96,907,045
 17. Less: Allowance for Loan & Lease Losses 506,982
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 576,227
 20. Land and Building 5,069,639
 21. Other Fixed Assets 671,166
 22. NCUA Share Insurance Capitalization Deposit 1,131,354
 23. Intangible Assets 0
 24. Other Assets 1,271,951
25. TOTAL ASSETS 143,512,724
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 0
 9. Accounts Payable and Other Liabilities 2,190,940
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 40,264,596
 12. Regular Shares 56,913,298
 13. Money Market Shares 13,413,580
 14. Share Certificates 11,221,602
 15. IRA/KEOGH Accounts 6,618,655
 16. All Other Shares 1,723,095
 17. TOTAL SHARES 130,154,826
 18. Nonmember Deposits 498,000
 19. TOTAL SHARES AND DEPOSITS 130,652,826
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 1,723,095
 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) 5,855,486
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 2,279,620
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 296,357
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 31,607
EQUITY:  
 33. Undivided Earnings 6,607,614
 34. Regular Reserves 4,060,788
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 0
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities 556
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 143,512,724
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 3,630,930
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 91,082
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 3,722,012
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 305,684
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 11
 9. TOTAL INTEREST EXPENSE 305,695
 10. Provision for Loan & Lease Losses 391,595
 11. Total Credit Loss Expense 0
 12. NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES or CREDIT LOSS EXPENSE 3,024,722
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 961,224
 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) 1,120,782
 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) 24,747
 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 2,106,753
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 3,096,576
 23. Travel and Conference Expense 4,347
 24. Office Occupancy Expense 96,653
 25. Office Operations Expense 908,787
 26. Educational and Promotional Expenses 75,204
 27. Loan Servicing Expense 138,032
 28. Professional and Outside Services 604,328
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 24,672
 31. Miscellaneous Operating Expenses 72,492
 32. TOTAL NON-INTEREST EXPENSE 5,021,091
33. NET INCOME (LOSS) 110,384
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 Loans9.991,329$3,392,066
 2. Payday Alternative Loans (PALs I and PALs II)0.000$0
 3. Non-Federally Guaranteed Student Loans0.000$0
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans7.991,053$2,614,759
 5. New Vehicle Loans3.99328$7,492,019
 6. Used Vehicle Loans3.991,654$30,311,534
 7. Leases Receivable4.09695$22,345,072
 8. All Other Secured Non-Real Estate Loans/Lines of Credit4.09173$2,605,299
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property3.59240$24,535,211
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property5.69111$3,611,085
 11. All Other Real Estate Loans/Lines of Credit0.000$0
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured0.000$0
 13. Commercial Loans/Lines of Credit Not Real Estate Secured0.000$0
 14. TOTAL LOANS & LEASES5,583$96,907,045
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date2,202$34,536,593
  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 Status0$0
 17. Loans Outstanding to Credit Union Officials and Senior Executive Staff16$311,071
GOVERNMENT GUARANTEED LOANSNumberOutstanding BalanceGuaranteed Portion
 18. Non-Commercial Loans  
  a. 1. Small Business Administration30$765,717$765,717
  a. 2. Paycheck Protection Program Loans (Included in 18.a.1.)30$765,717-
  b. Other Government Guaranteed0$0$0
 19. Commercial Loans  
  a. Small Business Administration0$0$0
  b. Other Government Guaranteed0$0$0