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National Credit Union Service Organization

FOUNDERS 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 FOUNDERS FEDERAL CREDIT UNION as of: December 31, 2023.
Charter Number: 24063

ASSETS$ Amount
CASH:  
 1. Cash on Hand 84,179,668
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 452,217,063
 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 189,913,823
 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 1,017,695
 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 3,614,139,504
 17. Less: Allowance for Loan & Lease Losses 0
 18: Less: Allowance for Credit Losses on Loans & Leases 57,725,885
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 2,531,641
 20. Land and Building 93,651,274
 21. Other Fixed Assets 15,267,132
 22. NCUA Share Insurance Capitalization Deposit 32,767,898
 23. Intangible Assets 0
 24. Other Assets 0
25. TOTAL ASSETS 4,537,263,191
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 190,000,000
 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 190,000,000
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 15,945,517
 9. Accounts Payable and Other Liabilities 71,391,356
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 240,995
SHARES/DEPOSITS:  
 11. Share Drafts 489,827,130
 12. Regular Shares 949,267,371
 13. Money Market Shares 730,045,269
 14. Share Certificates 1,036,499,477
 15. IRA/KEOGH Accounts 442,172,108
 16. All Other Shares 84,760,208
 17. TOTAL SHARES 3,732,571,562
 18. Nonmember Deposits 2,003,652
 19. TOTAL SHARES AND DEPOSITS 3,734,575,214
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 0
 22. Accounts Held by Nonmember Public Units 3,651
 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) 590,129,350
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 239,758,440
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 48,714,482
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 1,545,897
EQUITY:  
 33. Undivided Earnings 523,011,520
 34. Regular Reserves 0
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 14,888,324
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -12,789,735
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 4,537,263,191
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 225,643,904
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 16,972,292
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 242,616,196
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 74,848,768
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 1,352,588
 9. TOTAL INTEREST EXPENSE 76,201,356
 10. Provision for Loan & Lease Losses 0
 11. Total Credit Loss Expense 40,112,540
 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 29,867,613
 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 -70,488
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 0
 21. TOTAL NON-INTEREST INCOME 86,485,661
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 77,254,097
 23. Travel and Conference Expense 2,356,281
 24. Office Occupancy Expense 11,117,989
 25. Office Operations Expense 21,556,697
 26. Educational and Promotional Expenses 9,407,733
 27. Loan Servicing Expense 24,488,256
 28. Professional and Outside Services 4,759,454
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 526,907
 31. Miscellaneous Operating Expenses 2,335,747
 32. TOTAL NON-INTEREST EXPENSE 153,803,161
33. NET INCOME (LOSS) 58,984,800
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 Loans17.9058,776$216,767,037
 2. Payday Alternative Loans (PALs I and PALs II)25.994,976$5,498,853
 3. Non-Federally Guaranteed Student Loans0.000$0
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans18.0084,091$383,941,273
 5. New Vehicle Loans2.4910,754$301,889,817
 6. Used Vehicle Loans2.9944,966$688,023,777
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit2.253,930$60,717,976
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property4.0013,909$1,809,030,557
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property8.53,750$145,196,637
 11. All Other Real Estate Loans/Lines of Credit0.000$0
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured5.0015$2,691,294
 13. Commercial Loans/Lines of Credit Not Real Estate Secured5.747$382,283
 14. TOTAL LOANS & LEASES225,174$3,614,139,504
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date337,115$1,787,120,218
  a. Payday Alternative Loans (PALs I and PALs II) Granted Year-to-Date6,896$10,932,676
MISCELLANEOUS LOAN INFORMATIONNumberAmount
 16. Non-Federally Guaranteed Student Loans in Deferred Status0$0
 17. Loans Outstanding to Credit Union Officials and Senior Executive Staff75$7,729,463
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