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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: June 30, 2023.
Charter Number: 24003

ASSETS$ Amount
CASH:  
 1. Cash on Hand 0
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 135,910,971
 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 118,553,179
 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 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 3,280,236,539
 17. Less: Allowance for Loan & Lease Losses 26,606,323
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 807,881
 20. Land and Building 54,482,658
 21. Other Fixed Assets 2,736,995
 22. NCUA Share Insurance Capitalization Deposit 30,826,070
 23. Intangible Assets 0
 24. Other Assets 0
25. TOTAL ASSETS 3,707,620,199
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 100,000,000
 2. Other Notes, Promissory Notes and Interest Payable 0
 3. Borrowing Repurchase Transactions 0
 4. Subordinated Debt 52,900,000
 5. Subordinated Debt included in Net Worth 52,900,000
 6. TOTALS 152,900,000
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 352,640
 9. Accounts Payable and Other Liabilities 19,732,662
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 628,073,425
 12. Regular Shares 974,935,289
 13. Money Market Shares 1,033,203,729
 14. Share Certificates 295,111,120
 15. IRA/KEOGH Accounts 238,904,869
 16. All Other Shares 52,237,778
 17. TOTAL SHARES 3,222,466,210
 18. Nonmember Deposits 0
 19. TOTAL SHARES AND DEPOSITS 3,222,466,210
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) 124,289,401
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 97,908,579
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 264,052
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 684,170
EQUITY:  
 33. Undivided Earnings 292,286,533
 34. Regular Reserves 0
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 2,076,482
 38. Miscellaneous Equity 285,034
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -17,356,587
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 34,877,225
44. TOTAL LIABILITIES, SHARES, AND EQUITY 3,707,620,199
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 105,726,705
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 2,912,204
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 108,694,216
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 8,485,011
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 177,022
 9. TOTAL INTEREST EXPENSE 8,662,033
 10. Provision for Loan & Lease Losses 13,513,773
 11. Total Credit Loss Expense 0
 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 8,253,202
 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 46,876,360
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 32,223,212
 23. Travel and Conference Expense 997,045
 24. Office Occupancy Expense 2,658,214
 25. Office Operations Expense 7,293,431
 26. Educational and Promotional Expenses 4,094,504
 27. Loan Servicing Expense 491,558
 28. Professional and Outside Services 48,360,681
 29. Total Member Insurance 48,427
 30. Operating Fees (Examination and/or supervision fees) 297,608
 31. Miscellaneous Operating Expenses 2,052,865
 32. TOTAL NON-INTEREST EXPENSE 98,517,545
33. NET INCOME (LOSS) 34,877,225
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 Loans12.0045,670$128,234,338
 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 loans10.7554,903$324,622,993
 5. New Vehicle Loans5.256,055$158,940,870
 6. Used Vehicle Loans3.9531,375$453,205,376
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit6.753,267$4,683,918
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property3.2512,599$1,937,978,706
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property3.55,224$155,718,636
 11. All Other Real Estate Loans/Lines of Credit3.252$82,020
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured2.9572$58,899,775
 13. Commercial Loans/Lines of Credit Not Real Estate Secured2.75241$57,869,907
 14. TOTAL LOANS & LEASES159,408$3,280,236,539
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date47,527$1,304,089,626
  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 Staff14$2,085,827
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
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