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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: September 30, 2021.
Charter Number: 24212

ASSETS$ Amount
CASH:  
 1. Cash on Hand 180,401,528
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 3,383,110,430
 3. Cash Equivalents (Investments with Original Maturities of Three Months or Less) 0
INVESTMENTS:  
 4. Equity Securities 72,089,185
 5. Trading Debut Securities 0
 6. Available-for-Sale Debt Securities 1,100,641,591
 7. Held-to-Maturity Debt Securities 8,098,485,784
 8. Deposits in commercial banks, S&Ls, savings banks 750,000
 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 9,290,037,539
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 47,672,229
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 12,335,488,494
 17. Less: Allowance for Loan & Lease Losses 89,556,269
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 1,624,460
 20. Land and Building 228,457,035
 21. Other Fixed Assets 63,434,226
 22. NCUA Share Insurance Capitalization Deposit 193,711,406
 23. Intangible Assets 71,582,523
 24. Other Assets 647,904,774
25. TOTAL ASSETS 26,353,868,375
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 300,000,000
 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 300,000,000
 7. Non-Trading Derivative Liabilities 5,660,752
 8. Accrued Dividends & Interest Payable on Shares & Deposits 0
 9. Accounts Payable and Other Liabilities 284,160,360
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 4,267,583,443
 12. Regular Shares 7,674,839,618
 13. Money Market Shares 5,489,269,695
 14. Share Certificates 4,593,222,479
 15. IRA/KEOGH Accounts 1,191,320,029
 16. All Other Shares 0
 17. TOTAL SHARES 23,216,235,264
 18. Nonmember Deposits 0
 19. TOTAL SHARES AND DEPOSITS 23,216,235,264
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 3,092,707
 22. Accounts Held by Nonmember Public Units 0
 23. Employee Benefit Member Shares 114,683,528
 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) 2,944,642,024
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 420,294,041
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 49,750,318
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 1,660,077
EQUITY:  
 33. Undivided Earnings 532,467,218
 34. Regular Reserves 1,662,019,399
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 364,868,354
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges -20,534,846
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities 8,991,874
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 26,353,868,375
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 364,904,802
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 91,414,619
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 456,319,421
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 87,312,003
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 5,709,173
 9. TOTAL INTEREST EXPENSE 93,021,176
 10. Provision for Loan & Lease Losses 8,200,000
 11. Total Credit Loss Expense 0
 12. NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES or CREDIT LOSS EXPENSE 355,098,245
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 24,950,133
 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 -1,297,478
 18. Gain (Loss) on Disposition of Fixed Assets 159,511
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) -47,816
 21. TOTAL NON-INTEREST INCOME 120,556,188
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 203,259,665
 23. Travel and Conference Expense 976,060
 24. Office Occupancy Expense 24,129,095
 25. Office Operations Expense 84,589,215
 26. Educational and Promotional Expenses 6,406,954
 27. Loan Servicing Expense 13,341,949
 28. Professional and Outside Services 3,856,718
 29. Total Member Insurance 28,772
 30. Operating Fees (Examination and/or supervision fees) 713,669
 31. Miscellaneous Operating Expenses 8,090,210
 32. TOTAL NON-INTEREST EXPENSE 345,392,307
33. NET INCOME (LOSS) 130,262,126
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 Loans7.50262,193$731,018,823
 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 loans6.70202,348$870,034,141
 5. New Vehicle Loans3.2977,514$1,601,865,862
 6. Used Vehicle Loans2.84166,629$2,334,735,083
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit5.191,042$12,896,676
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property3.2521,169$6,054,804,646
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property410,359$554,048,016
 11. All Other Real Estate Loans/Lines of Credit0.000$0
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured3.7558$176,084,043
 13. Commercial Loans/Lines of Credit Not Real Estate Secured0.001$1,204
 14. TOTAL LOANS & LEASES741,313$12,335,488,494
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date197,923$5,588,177,642
  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 Staff56$8,033,656
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