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National Credit Union Service Organization

LOCAL GOVERNMENT 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 LOCAL GOVERNMENT FEDERAL CREDIT UNION as of: December 31, 2021.
Charter Number: 24003

ASSETS$ Amount
CASH:  
 1. Cash on Hand 0
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 309,235,317
 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 95,932,928
 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 202,289
 12. All other investments in corporate credit unions 250,000
 13. All other investments 1,423,500
 14. TOTAL INVESTMENTS 97,808,717
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 0
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 2,667,997,935
 17. Less: Allowance for Loan & Lease Losses 23,167,551
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 315,151
 20. Land and Building 55,697,229
 21. Other Fixed Assets 4,022,045
 22. NCUA Share Insurance Capitalization Deposit 27,480,771
 23. Intangible Assets 0
 24. Other Assets 142,310,064
25. TOTAL ASSETS 3,281,699,678
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 800,000
 6. TOTALS 800,000
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 297,083
 9. Accounts Payable and Other Liabilities 14,654,646
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 586,435,555
 12. Regular Shares 878,981,783
 13. Money Market Shares 932,354,378
 14. Share Certificates 310,482,991
 15. IRA/KEOGH Accounts 226,552,567
 16. All Other Shares 37,322,861
 17. TOTAL SHARES 2,972,130,135
 18. Nonmember Deposits 0
 19. TOTAL SHARES AND DEPOSITS 2,972,130,135
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 16,066,776
 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) 130,705,380
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 90,644,912
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 383,978
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 423,374
EQUITY:  
 33. Undivided Earnings 283,718,148
 34. Regular Reserves 8,568,384
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 2,076,482
 38. Miscellaneous Equity 300,254
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -845,454
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 3,281,699,678
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 119,369,682
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 1,794,653
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 121,164,335
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 8,524,881
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 42,370
 9. TOTAL INTEREST EXPENSE 8,567,251
 10. Provision for Loan & Lease Losses 5,772,359
 11. Total Credit Loss Expense 0
 12. NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES or CREDIT LOSS EXPENSE 106,824,725
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 8,859,299
 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 139,044
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 0
 21. TOTAL NON-INTEREST INCOME 64,117,974
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 36,239,304
 23. Travel and Conference Expense 768,433
 24. Office Occupancy Expense 3,557,786
 25. Office Operations Expense 8,250,217
 26. Educational and Promotional Expenses 5,506,843
 27. Loan Servicing Expense 656,241
 28. Professional and Outside Services 58,194,934
 29. Total Member Insurance 62,801
 30. Operating Fees (Examination and/or supervision fees) 435,543
 31. Miscellaneous Operating Expenses 2,875,870
 32. TOTAL NON-INTEREST EXPENSE 116,547,972
33. NET INCOME (LOSS) 54,394,727
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 Loans9.7543,439$114,350,337
 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 loans10.7551,541$281,664,289
 5. New Vehicle Loans5.256,198$154,000,445
 6. Used Vehicle Loans3.9531,801$410,529,960
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit5.503,563$4,186,698
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property4.3810,448$1,466,056,674
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property2.754,270$113,933,393
 11. All Other Real Estate Loans/Lines of Credit3.251$45,136
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured2.9584$63,919,084
 13. Commercial Loans/Lines of Credit Not Real Estate Secured2.85285$59,311,919
 14. TOTAL LOANS & LEASES151,630$2,667,997,935
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date119,778$1,634,858,375
  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$1,830,494
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