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National Credit Union Service Organization

LOWER EAST SIDE PEOPLE'S 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 LOWER EAST SIDE PEOPLE'S FEDERAL CREDIT UNION as of: March 31, 2021.
Charter Number: 24232

ASSETS$ Amount
CASH:  
 1. Cash on Hand 1,625,166
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 23,248,342
 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 0
 7. Held-to-Maturity Debt Securities 0
 8. Deposits in commercial banks, S&Ls, savings banks 1,938,000
 9. Loans to and investments in natural person credit unions 1,494,000
 10. Nonperpetual Capital Account 0
 11. Perpetual Contributed Capital 53,580
 12. All other investments in corporate credit unions 0
 13. All other investments 136,945
 14. TOTAL INVESTMENTS 3,622,525
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 0
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 55,650,276
 17. Less: Allowance for Loan & Lease Losses 231,285
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 96,904
 20. Land and Building 0
 21. Other Fixed Assets 523,371
 22. NCUA Share Insurance Capitalization Deposit 479,036
 23. Intangible Assets 0
 24. Other Assets 947,449
25. TOTAL ASSETS 85,961,784
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 0
 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 1,500,000
 6. TOTALS 1,500,000
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 32,965
 9. Accounts Payable and Other Liabilities 803,631
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 25,588,032
 12. Regular Shares 33,784,738
 13. Money Market Shares 9,717,162
 14. Share Certificates 2,181,785
 15. IRA/KEOGH Accounts 0
 16. All Other Shares 4,093,429
 17. TOTAL SHARES 75,365,146
 18. Nonmember Deposits 2,064,547
 19. TOTAL SHARES AND DEPOSITS 77,429,693
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 0
 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) 1,727,882
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 0
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 8,152,513
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 6,938
EQUITY:  
 33. Undivided Earnings 5,354,291
 34. Regular Reserves 170,351
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 0
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities 0
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 670,853
44. TOTAL LIABILITIES, SHARES, AND EQUITY 85,961,784
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 652,594
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 21,772
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 674,366
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 10,316
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 11,252
 9. TOTAL INTEREST EXPENSE 21,568
 10. Provision for Loan & Lease Losses 39,249
 11. Total Credit Loss Expense 0
 12. NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES or CREDIT LOSS EXPENSE 613,549
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 149,876
 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 0
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 637,500
 21. TOTAL NON-INTEREST INCOME 894,999
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 457,076
 23. Travel and Conference Expense 189
 24. Office Occupancy Expense 74,684
 25. Office Operations Expense 212,366
 26. Educational and Promotional Expenses 12,154
 27. Loan Servicing Expense 26,534
 28. Professional and Outside Services 45,521
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 3,945
 31. Miscellaneous Operating Expenses 5,226
 32. TOTAL NON-INTEREST EXPENSE 837,695
33. NET INCOME (LOSS) 670,853
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 Loans7.70749$1,169,085
 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 loans7.78828$11,699,121
 5. New Vehicle Loans4.002$70,006
 6. Used Vehicle Loans5.0234$711,619
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit6.18207$322,835
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property4.7734$5,846,221
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property7.336$364,554
 11. All Other Real Estate Loans/Lines of Credit4.41189$16,825,397
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured7.1856$18,308,397
 13. Commercial Loans/Lines of Credit Not Real Estate Secured10.966$333,041
 14. TOTAL LOANS & LEASES2,111$55,650,276
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date397$11,925,778
  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 Staff12$1,087,729
GOVERNMENT GUARANTEED LOANSNumberOutstanding BalanceGuaranteed Portion
 18. Non-Commercial Loans  
  a. 1. Small Business Administration47$943,061$471,530
  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 Administration4$233,041$116,521
  b. Other Government Guaranteed0$0$0