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National Credit Union Service Organization

CHARLOTTE METRO 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 CHARLOTTE METRO FEDERAL CREDIT UNION as of: December 31, 2023.
Charter Number: 24808

ASSETS$ Amount
CASH:  
 1. Cash on Hand 10,586,000
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 190,672,946
 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 1,977,888
 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 2,594,307
 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 1,200,576,304
 17. Less: Allowance for Loan & Lease Losses 0
 18: Less: Allowance for Credit Losses on Loans & Leases 12,748,633
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 0
 20. Land and Building 42,790,981
 21. Other Fixed Assets 5,222,375
 22. NCUA Share Insurance Capitalization Deposit 12,065,555
 23. Intangible Assets 0
 24. Other Assets 0
25. TOTAL ASSETS 1,518,949,387
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 50,000,000
 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 50,000,000
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 998,925
 9. Accounts Payable and Other Liabilities 19,830,993
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 578,992
SHARES/DEPOSITS:  
 11. Share Drafts 237,763,220
 12. Regular Shares 336,320,270
 13. Money Market Shares 201,582,567
 14. Share Certificates 434,479,944
 15. IRA/KEOGH Accounts 76,478,667
 16. All Other Shares 45,401
 17. TOTAL SHARES 1,286,670,069
 18. Nonmember Deposits 20,881,636
 19. TOTAL SHARES AND DEPOSITS 1,307,551,705
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) 286,073,799
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 41,824,592
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 78,168,380
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 1,468,293
EQUITY:  
 33. Undivided Earnings 87,327,100
 34. Regular Reserves 0
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 52,683,784
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -22,112
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 1,518,949,387
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 63,229,596
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 9,215,516
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 72,445,112
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 22,177,886
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 1,791,448
 9. TOTAL INTEREST EXPENSE 23,969,334
 10. Provision for Loan & Lease Losses 0
 11. Total Credit Loss Expense 7,285,990
 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 14,303,272
 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 13,000
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) -1,984,355
 21. TOTAL NON-INTEREST INCOME 28,160,248
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 32,635,438
 23. Travel and Conference Expense 1,317,529
 24. Office Occupancy Expense 3,888,445
 25. Office Operations Expense 11,146,737
 26. Educational and Promotional Expenses 4,305,063
 27. Loan Servicing Expense 2,117,345
 28. Professional and Outside Services 5,422,739
 29. Total Member Insurance 45,574
 30. Operating Fees (Examination and/or supervision fees) 222,767
 31. Miscellaneous Operating Expenses 1,404,736
 32. TOTAL NON-INTEREST EXPENSE 62,506,373
33. NET INCOME (LOSS) 6,843,663
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 Loans14.9024,816$62,172,488
 2. Payday Alternative Loans (PALs I and PALs II)0.000$0
 3. Non-Federally Guaranteed Student Loans5.0081$435,414
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans13.2519,957$43,221,211
 5. New Vehicle Loans6.504,104$121,806,710
 6. Used Vehicle Loans9.2512,585$184,429,140
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit12.001,861$9,540,496
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property6.501,724$331,140,999
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property8.353,219$172,682,658
 11. All Other Real Estate Loans/Lines of Credit9.0021$2,990,223
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured7.50266$268,821,879
 13. Commercial Loans/Lines of Credit Not Real Estate Secured10.5063$3,335,086
 14. TOTAL LOANS & LEASES68,697$1,200,576,304
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date15,883$311,834,643
  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 Staff36$3,228,081
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 Administration2$2,271,788$2,271,788
  b. Other Government Guaranteed3$1,804,337$1,804,337