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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: June 30, 2021.
Charter Number: 24212

ASSETS$ Amount
CASH:  
 1. Cash on Hand 175,956,730
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 3,721,816,245
 3. Cash Equivalents (Investments with Original Maturities of Three Months or Less) 0
INVESTMENTS:  
 4. Equity Securities 72,190,412
 5. Trading Debut Securities 0
 6. Available-for-Sale Debt Securities 1,091,644,324
 7. Held-to-Maturity Debt Securities 7,952,756,294
 8. Deposits in commercial banks, S&Ls, savings banks 0
 9. Loans to and investments in natural person credit unions 564,226
 10. Nonperpetual Capital Account 0
 11. Perpetual Contributed Capital 0
 12. All other investments in corporate credit unions 0
 13. All other investments 17,250,000
 14. TOTAL INVESTMENTS 9,134,405,256
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 203,304
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 11,786,268,778
 17. Less: Allowance for Loan & Lease Losses 94,430,239
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 1,836,835
 20. Land and Building 230,837,530
 21. Other Fixed Assets 57,785,215
 22. NCUA Share Insurance Capitalization Deposit 193,541,096
 23. Intangible Assets 74,012,818
 24. Other Assets 592,351,434
25. TOTAL ASSETS 25,874,585,002
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 5,258,988
 8. Accrued Dividends & Interest Payable on Shares & Deposits 0
 9. Accounts Payable and Other Liabilities 275,095,720
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 4,064,502,221
 12. Regular Shares 7,786,557,403
 13. Money Market Shares 5,101,710,327
 14. Share Certificates 4,647,506,464
 15. IRA/KEOGH Accounts 1,196,942,300
 16. All Other Shares 0
 17. TOTAL SHARES 22,797,218,715
 18. Nonmember Deposits 0
 19. TOTAL SHARES AND DEPOSITS 22,797,218,715
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 3,447,347
 22. Accounts Held by Nonmember Public Units 0
 23. Employee Benefit Member Shares 116,466,268
 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) 2,938,573,067
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 425,586,585
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 53,611,098
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 1,516,490
EQUITY:  
 33. Undivided Earnings 482,624,271
 34. Regular Reserves 1,662,019,399
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 364,146,565
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges -24,579,672
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities 12,801,016
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 25,874,585,002
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 242,011,496
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 59,937,977
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 301,949,473
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 61,037,632
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 3,859,494
 9. TOTAL INTEREST EXPENSE 64,897,126
 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 228,852,347
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 15,574,226
 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 -3,068,187
 18. Gain (Loss) on Disposition of Fixed Assets 181,816
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) -47,911
 21. TOTAL NON-INTEREST INCOME 79,452,694
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 134,322,080
 23. Travel and Conference Expense 565,359
 24. Office Occupancy Expense 14,847,171
 25. Office Operations Expense 55,732,186
 26. Educational and Promotional Expenses 4,435,224
 27. Loan Servicing Expense 9,539,678
 28. Professional and Outside Services 2,392,126
 29. Total Member Insurance 23,142
 30. Operating Fees (Examination and/or supervision fees) 475,779
 31. Miscellaneous Operating Expenses 5,553,117
 32. TOTAL NON-INTEREST EXPENSE 227,885,862
33. NET INCOME (LOSS) 80,419,179
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 Loans7.50252,607$701,871,975
 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 loans7.95190,048$785,768,598
 5. New Vehicle Loans2.9978,209$1,571,982,383
 6. Used Vehicle Loans3.14165,033$2,254,550,983
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit5.191,123$12,783,846
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property3.2520,387$5,748,283,180
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property410,613$564,544,123
 11. All Other Real Estate Loans/Lines of Credit0.000$0
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured3.7550$146,483,690
 13. Commercial Loans/Lines of Credit Not Real Estate Secured0.000$0
 14. TOTAL LOANS & LEASES718,070$11,786,268,778
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date121,442$3,567,810,851
  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 Staff85$7,542,200
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