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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, 2022.
Charter Number: 24212

ASSETS$ Amount
CASH:  
 1. Cash on Hand 190,173,245
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 1,555,512,633
 3. Cash Equivalents (Investments with Original Maturities of Three Months or Less) 0
INVESTMENTS:  
 4. Equity Securities 68,510,276
 5. Trading Debut Securities 0
 6. Available-for-Sale Debt Securities 1,831,250,344
 7. Held-to-Maturity Debt Securities 7,315,814,820
 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 6,753
 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 15,892,563,096
 17. Less: Allowance for Loan & Lease Losses 86,289,874
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 1,377,795
 20. Land and Building 220,806,762
 21. Other Fixed Assets 65,236,357
 22. NCUA Share Insurance Capitalization Deposit 220,819,452
 23. Intangible Assets 0
 24. Other Assets 0
25. TOTAL ASSETS 27,699,106,004
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 0
 2. Other Notes, Promissory Notes and Interest Payable 172,500,000
 3. Borrowing Repurchase Transactions 0
 4. Subordinated Debt 0
 5. Subordinated Debt included in Net Worth 0
 6. TOTALS 172,500,000
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 0
 9. Accounts Payable and Other Liabilities 310,992,232
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 4,562,392,678
 12. Regular Shares 8,194,731,240
 13. Money Market Shares 6,047,539,542
 14. Share Certificates 4,516,177,074
 15. IRA/KEOGH Accounts 1,183,425,781
 16. All Other Shares 0
 17. TOTAL SHARES 24,504,266,315
 18. Nonmember Deposits 0
 19. TOTAL SHARES AND DEPOSITS 24,504,266,315
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 2,923,019
 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) 2,915,338,242
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 405,389,707
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 50,870,796
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 2,274,288
EQUITY:  
 33. Undivided Earnings 2,408,559,409
 34. Regular Reserves 0
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 364,868,354
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 72,846,583
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -134,926,889
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 27,699,106,004
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 437,112,967
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 104,120,452
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 541,233,419
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 76,255,397
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 3,677,368
 9. TOTAL INTEREST EXPENSE 79,932,765
 10. Provision for Loan & Lease Losses 29,400,000
 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 33,584,254
 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 -15,516
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) -59,254
 21. TOTAL NON-INTEREST INCOME 125,003,121
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 226,488,774
 23. Travel and Conference Expense 2,205,837
 24. Office Occupancy Expense 30,305,980
 25. Office Operations Expense 95,610,091
 26. Educational and Promotional Expenses 7,637,640
 27. Loan Servicing Expense 13,052,139
 28. Professional and Outside Services 4,467,384
 29. Total Member Insurance 20,016
 30. Operating Fees (Examination and/or supervision fees) 647,479
 31. Miscellaneous Operating Expenses 11,900,323
 32. TOTAL NON-INTEREST EXPENSE 392,335,663
33. NET INCOME (LOSS) 164,568,112
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 Loans12.75300,207$944,684,592
 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 loans6.70261,210$1,412,176,433
 5. New Vehicle Loans2.9985,678$2,177,889,327
 6. Used Vehicle Loans2.64185,369$2,952,109,121
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit4.53521$5,229,686
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property3.2524,062$7,297,382,964
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property5.514,466$868,244,608
 11. All Other Real Estate Loans/Lines of Credit0.000$0
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured3.7562$234,846,365
 13. Commercial Loans/Lines of Credit Not Real Estate Secured0.000$0
 14. TOTAL LOANS & LEASES871,575$15,892,563,096
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date271,183$6,368,663,128
  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 Staff68$7,396,297
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