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National Credit Union Service Organization

CARO 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 CARO FEDERAL CREDIT UNION as of: June 30, 2021.
Charter Number: 24404

ASSETS$ Amount
CASH:  
 1. Cash on Hand 2,447,375
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 8,485,053
 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 24,994,170
 7. Held-to-Maturity Debt Securities 0
 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 608,939
 12. All other investments in corporate credit unions 0
 13. All other investments 255,933
 14. TOTAL INVESTMENTS 25,859,042
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 0
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 63,181,230
 17. Less: Allowance for Loan & Lease Losses 360,415
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 18,128
 20. Land and Building 2,860,732
 21. Other Fixed Assets 337,474
 22. NCUA Share Insurance Capitalization Deposit 893,533
 23. Intangible Assets 0
 24. Other Assets 5,494,988
25. TOTAL ASSETS 109,217,140
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 0
 6. TOTALS 0
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 47,113
 9. Accounts Payable and Other Liabilities 818,689
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 29,297,315
 12. Regular Shares 53,742,185
 13. Money Market Shares 1,597,810
 14. Share Certificates 3,518,662
 15. IRA/KEOGH Accounts 1,703,855
 16. All Other Shares 0
 17. TOTAL SHARES 89,859,827
 18. Nonmember Deposits 4,950,000
 19. TOTAL SHARES AND DEPOSITS 94,809,827
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) 720,679
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 348,682
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 2,034,936
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 34,306
EQUITY:  
 33. Undivided Earnings 10,968,439
 34. Regular Reserves 1,610,702
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 1,273,710
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -311,340
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 109,217,140
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 1,636,038
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 69,190
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 1,705,228
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 108,564
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 0
 9. TOTAL INTEREST EXPENSE 108,564
 10. Provision for Loan & Lease Losses 92,348
 11. Total Credit Loss Expense 0
 12. NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES or CREDIT LOSS EXPENSE 1,504,316
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 429,923
 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) 0
 21. TOTAL NON-INTEREST INCOME 738,948
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 897,512
 23. Travel and Conference Expense 29,100
 24. Office Occupancy Expense 218,798
 25. Office Operations Expense 156,311
 26. Educational and Promotional Expenses 131,312
 27. Loan Servicing Expense 245,129
 28. Professional and Outside Services 589,432
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 11,349
 31. Miscellaneous Operating Expenses 10,433
 32. TOTAL NON-INTEREST EXPENSE 2,289,376
33. NET INCOME (LOSS) -46,112
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 Loans0.000$0
 2. Payday Alternative Loans (PALs I and PALs II)0.000$0
 3. Non-Federally Guaranteed Student Loans5.823,766$2,643,525
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans13.951,599$3,970,364
 5. New Vehicle Loans7.50178$3,668,907
 6. Used Vehicle Loans7.50888$12,255,495
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit7.50475$5,511,266
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property3.25225$17,449,888
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property6.75232$5,432,517
 11. All Other Real Estate Loans/Lines of Credit4.502$32,094
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured5.0040$11,682,620
 13. Commercial Loans/Lines of Credit Not Real Estate Secured6.251$534,554
 14. TOTAL LOANS & LEASES7,406$63,181,230
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date291$13,066,157
  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 Status642$789,966
 17. Loans Outstanding to Credit Union Officials and Senior Executive Staff5$93,052
GOVERNMENT GUARANTEED LOANSNumberOutstanding BalanceGuaranteed Portion
 18. Non-Commercial Loans  
  a. 1. Small Business Administration8$119,885$119,885
  a. 2. Paycheck Protection Program Loans (Included in 18.a.1.)8$119,885-
  b. Other Government Guaranteed0$0$0
 19. Commercial Loans  
  a. Small Business Administration0$0$0
  b. Other Government Guaranteed0$0$0