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National Credit Union Service Organization

SHARONVIEW 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 SHARONVIEW FEDERAL CREDIT UNION as of: December 31, 2023.
Charter Number: 22458

ASSETS$ Amount
CASH:  
 1. Cash on Hand 12,118,719
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 137,104,540
 3. Cash Equivalents (Investments with Original Maturities of Three Months or Less) 0
INVESTMENTS:  
 4. Equity Securities 9,996,529
 5. Trading Debut Securities 0
 6. Available-for-Sale Debt Securities 194,950,833
 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 3,000,000
 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 1,146,782,250
 17. Less: Allowance for Loan & Lease Losses 0
 18: Less: Allowance for Credit Losses on Loans & Leases 10,524,311
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 51,392
 20. Land and Building 45,490,756
 21. Other Fixed Assets 10,328,676
 22. NCUA Share Insurance Capitalization Deposit 12,986,094
 23. Intangible Assets 0
 24. Other Assets 0
25. TOTAL ASSETS 1,615,689,954
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 175,000,000
 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 175,000,000
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 0
 9. Accounts Payable and Other Liabilities 32,560,768
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 162,572,728
 12. Regular Shares 215,081,863
 13. Money Market Shares 314,027,473
 14. Share Certificates 423,738,447
 15. IRA/KEOGH Accounts 118,224,380
 16. All Other Shares 1,170,640
 17. TOTAL SHARES 1,234,815,531
 18. Nonmember Deposits 64,187,220
 19. TOTAL SHARES AND DEPOSITS 1,299,002,751
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 0
 22. Accounts Held by Nonmember Public Units 10,153,985
 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) 279,962,482
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 61,405,580
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 14,175,210
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 278,524
EQUITY:  
 33. Undivided Earnings 136,057,276
 34. Regular Reserves 0
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 8,871,957
 37. Equity Acquired in Merger 0
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -35,802,798
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 1,615,689,954
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 67,012,832
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 8,006,164
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 75,076,293
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 29,468,236
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 8,490,985
 9. TOTAL INTEREST EXPENSE 37,959,221
 10. Provision for Loan & Lease Losses 0
 11. Total Credit Loss Expense 11,921,741
 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 6,349,044
 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 -289,057
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) -48,970
 21. TOTAL NON-INTEREST INCOME 16,319,911
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 33,464,655
 23. Travel and Conference Expense 431,027
 24. Office Occupancy Expense 4,771,419
 25. Office Operations Expense 11,275,418
 26. Educational and Promotional Expenses 1,405,200
 27. Loan Servicing Expense 3,258,175
 28. Professional and Outside Services 4,194,181
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 309,257
 31. Miscellaneous Operating Expenses 1,133,842
 32. TOTAL NON-INTEREST EXPENSE 60,243,174
33. NET INCOME (LOSS) -18,727,932
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 Loans0.000$0
 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 loans14.4015,037$123,537,585
 5. New Vehicle Loans8.192,072$31,505,744
 6. Used Vehicle Loans8.1914,999$164,118,583
 7. Leases Receivable3.85286$11,689,739
 8. All Other Secured Non-Real Estate Loans/Lines of Credit10.194,004$105,942,105
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property6.524,396$458,245,846
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property95,009$236,464,041
 11. All Other Real Estate Loans/Lines of Credit0.000$0
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured4.056$15,214,877
 13. Commercial Loans/Lines of Credit Not Real Estate Secured10.003$63,730
 14. TOTAL LOANS & LEASES45,812$1,146,782,250
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date3,122$130,072,334
  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 Staff15$3,446,871
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