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National Credit Union Service Organization

SCHOOLSFIRST 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 SCHOOLSFIRST FEDERAL CREDIT UNION as of: December 31, 2021.
Charter Number: 24212

ASSETS$ Amount
CASH:  
 1. Cash on Hand 190,374,071
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 3,031,332,292
 3. Cash Equivalents (Investments with Original Maturities of Three Months or Less) 0
INVESTMENTS:  
 4. Equity Securities 71,860,940
 5. Trading Debut Securities 0
 6. Available-for-Sale Debt Securities 1,421,906,649
 7. Held-to-Maturity Debt Securities 8,144,555,602
 8. Deposits in commercial banks, S&Ls, savings banks 500,000
 9. Loans to and investments in natural person credit unions 814,226
 10. Nonperpetual Capital Account 0
 11. Perpetual Contributed Capital 6,753
 12. All other investments in corporate credit unions 0
 13. All other investments 17,250,000
 14. TOTAL INVESTMENTS 9,656,894,170
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 151,303
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 12,879,117,481
 17. Less: Allowance for Loan & Lease Losses 83,530,519
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 2,039,991
 20. Land and Building 227,959,370
 21. Other Fixed Assets 65,903,728
 22. NCUA Share Insurance Capitalization Deposit 212,001,428
 23. Intangible Assets 69,152,228
 24. Other Assets 719,399,679
25. TOTAL ASSETS 26,970,795,222
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 287,500,000
 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 287,500,000
 7. Non-Trading Derivative Liabilities 5,826,127
 8. Accrued Dividends & Interest Payable on Shares & Deposits 0
 9. Accounts Payable and Other Liabilities 252,230,092
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 4,357,129,881
 12. Regular Shares 8,013,633,933
 13. Money Market Shares 5,673,438,606
 14. Share Certificates 4,608,336,068
 15. IRA/KEOGH Accounts 1,181,300,530
 16. All Other Shares 0
 17. TOTAL SHARES 23,833,839,018
 18. Nonmember Deposits 0
 19. TOTAL SHARES AND DEPOSITS 23,833,839,018
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 3,094,291
 22. Accounts Held by Nonmember Public Units 0
 23. Employee Benefit Member Shares 112,801,265
 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) 2,962,140,752
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 410,759,865
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 51,374,214
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 1,664,412
EQUITY:  
 33. Undivided Earnings 356,035,632
 34. Regular Reserves 1,887,955,666
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 364,868,354
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges -15,849,857
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -1,609,810
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 26,970,795,222
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 490,613,314
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 120,959,409
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 611,572,723
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 111,123,038
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 7,499,776
 9. TOTAL INTEREST EXPENSE 118,622,814
 10. Provision for Loan & Lease Losses 6,300,000
 11. Total Credit Loss Expense 0
 12. NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES or CREDIT LOSS EXPENSE 486,649,909
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 34,854,947
 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 -3,078,561
 18. Gain (Loss) on Disposition of Fixed Assets 69,156
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) -47,816
 21. TOTAL NON-INTEREST INCOME 160,265,140
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 272,510,581
 23. Travel and Conference Expense 1,558,064
 24. Office Occupancy Expense 33,900,332
 25. Office Operations Expense 114,002,510
 26. Educational and Promotional Expenses 9,406,554
 27. Loan Servicing Expense 16,039,875
 28. Professional and Outside Services 5,648,487
 29. Total Member Insurance 40,284
 30. Operating Fees (Examination and/or supervision fees) 951,559
 31. Miscellaneous Operating Expenses 13,089,996
 32. TOTAL NON-INTEREST EXPENSE 467,148,242
33. NET INCOME (LOSS) 179,766,807
RESERVE TRANSFERS YEAR-TO-DATE FOR THE CYCLE  
 34. Transfer to Regular Reserves 225,936,267
Interest Rate# LoansAmount
Non-Commercial Loans/Lines of Credit
 1. Unsecured Credit Card Loans7.50273,432$802,980,505
 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 loans6.70212,847$950,709,285
 5. New Vehicle Loans3.2976,602$1,624,629,231
 6. Used Vehicle Loans2.64166,397$2,361,897,915
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit5.19898$10,762,357
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property3.1322,012$6,383,231,195
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property410,416$565,746,055
 11. All Other Real Estate Loans/Lines of Credit0.000$0
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured3.7560$179,160,744
 13. Commercial Loans/Lines of Credit Not Real Estate Secured0.001$194
 14. TOTAL LOANS & LEASES762,665$12,879,117,481
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date270,364$7,476,006,263
  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 Staff60$6,860,590
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