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National Credit Union Service Organization

SYRACUSE COOPERATIVE 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 SYRACUSE COOPERATIVE FEDERAL CREDIT UNION as of: December 31, 2021.
Charter Number: 23865

ASSETS$ Amount
CASH:  
 1. Cash on Hand 512,693
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 4,605,378
 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 0
 7. Held-to-Maturity Debt Securities 0
 8. Deposits in commercial banks, S&Ls, savings banks 52,199
 9. Loans to and investments in natural person credit unions 300,000
 10. Nonperpetual Capital Account 0
 11. Perpetual Contributed Capital 44,575
 12. All other investments in corporate credit unions 0
 13. All other investments 22,900
 14. TOTAL INVESTMENTS 419,674
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 0
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 26,296,859
 17. Less: Allowance for Loan & Lease Losses 373,467
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 20,810
 20. Land and Building 875,333
 21. Other Fixed Assets 90,746
 22. NCUA Share Insurance Capitalization Deposit 257,727
 23. Intangible Assets 0
 24. Other Assets 1,235,180
25. TOTAL ASSETS 33,940,933
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 0
 2. Other Notes, Promissory Notes and Interest Payable 40,172
 3. Borrowing Repurchase Transactions 0
 4. Subordinated Debt 160,000
 5. Subordinated Debt included in Net Worth 990,000
 6. TOTALS 1,190,172
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 0
 9. Accounts Payable and Other Liabilities 2,642,338
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 9,907,981
 12. Regular Shares 9,001,543
 13. Money Market Shares 4,936,891
 14. Share Certificates 1,760,992
 15. IRA/KEOGH Accounts 1,581,799
 16. All Other Shares 0
 17. TOTAL SHARES 27,189,206
 18. Nonmember Deposits 1,455,100
 19. TOTAL SHARES AND DEPOSITS 28,644,306
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 0
 22. Accounts Held by Nonmember Public Units 5,126
 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) 1,559,739
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 412,083
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 4,320,484
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 7,208
EQUITY:  
 33. Undivided Earnings 1,181,165
 34. Regular Reserves 282,952
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 0
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities 0
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 33,940,933
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 1,266,817
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 23,384
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 1,290,201
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 20,267
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 32,433
 9. TOTAL INTEREST EXPENSE 52,700
 10. Provision for Loan & Lease Losses 170,869
 11. Total Credit Loss Expense 0
 12. NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES or CREDIT LOSS EXPENSE 1,066,632
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 556,911
 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 4,584
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 951,880
 21. TOTAL NON-INTEREST INCOME 1,665,904
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 1,190,881
 23. Travel and Conference Expense 5,540
 24. Office Occupancy Expense 95,095
 25. Office Operations Expense 402,425
 26. Educational and Promotional Expenses 64,312
 27. Loan Servicing Expense 75,986
 28. Professional and Outside Services 268,365
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 6,302
 31. Miscellaneous Operating Expenses 20,629
 32. TOTAL NON-INTEREST EXPENSE 2,129,535
33. NET INCOME (LOSS) 603,001
RESERVE TRANSFERS YEAR-TO-DATE FOR THE CYCLE  
 34. Transfer to Regular Reserves 32,306
Interest Rate# LoansAmount
Non-Commercial Loans/Lines of Credit
 1. Unsecured Credit Card Loans9.20315$304,020
 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 loans7.91862$1,010,898
 5. New Vehicle Loans3.0834$563,787
 6. Used Vehicle Loans4.96105$1,080,476
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit9.20111$829,805
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property3.25352$19,334,637
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property4.2565$1,942,375
 11. All Other Real Estate Loans/Lines of Credit0.000$0
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured4.7511$1,128,041
 13. Commercial Loans/Lines of Credit Not Real Estate Secured8.002$102,820
 14. TOTAL LOANS & LEASES1,857$26,296,859
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date777$10,589,903
  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 Staff34$449,144
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 Guaranteed1$27,685$27,685
 19. Commercial Loans  
  a. Small Business Administration0$0$0
  b. Other Government Guaranteed3$208,762$173,530