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National Credit Union Service Organization

PALISADES 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 PALISADES FEDERAL CREDIT UNION as of: December 31, 2023.
Charter Number: 4480

ASSETS$ Amount
CASH:  
 1. Cash on Hand 585,440
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 15,407,217
 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 24,090,475
 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 423,332
 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 161,811,153
 17. Less: Allowance for Loan & Lease Losses 0
 18: Less: Allowance for Credit Losses on Loans & Leases 1,401,441
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 473,838
 20. Land and Building 445,433
 21. Other Fixed Assets 201,976
 22. NCUA Share Insurance Capitalization Deposit 1,710,832
 23. Intangible Assets 0
 24. Other Assets 0
25. TOTAL ASSETS 208,172,607
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 10,906,925
 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 10,906,925
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 0
 9. Accounts Payable and Other Liabilities 3,035,095
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 32,874,045
 12. Regular Shares 69,286,216
 13. Money Market Shares 13,257,302
 14. Share Certificates 57,590,763
 15. IRA/KEOGH Accounts 4,335,041
 16. All Other Shares 79,875
 17. TOTAL SHARES 177,423,243
 18. Nonmember Deposits 2,732,000
 19. TOTAL SHARES AND DEPOSITS 180,155,243
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) 33,658,352
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 532,745
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 1,123,574
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 10,579
EQUITY:  
 33. Undivided Earnings 19,485,784
 34. Regular Reserves 0
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 0
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) -556,237
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -4,854,203
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 208,172,607
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 9,247,341
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 1,041,945
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 10,289,286
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 2,318,470
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 338,796
 9. TOTAL INTEREST EXPENSE 2,657,266
 10. Provision for Loan & Lease Losses 0
 11. Total Credit Loss Expense 575,119
 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 527,536
 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 -23,630
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 0
 21. TOTAL NON-INTEREST INCOME 1,582,122
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 4,068,123
 23. Travel and Conference Expense 162,628
 24. Office Occupancy Expense 557,563
 25. Office Operations Expense 741,344
 26. Educational and Promotional Expenses 187,877
 27. Loan Servicing Expense 747,432
 28. Professional and Outside Services 1,218,253
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 33,518
 31. Miscellaneous Operating Expenses 2,435
 32. TOTAL NON-INTEREST EXPENSE 7,719,173
33. NET INCOME (LOSS) 919,850
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 Loans14.911,798$3,863,535
 2. Payday Alternative Loans (PALs I and PALs II)0.000$0
 3. Non-Federally Guaranteed Student Loans4.811,500$2,903,502
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans5.611,928$29,693,719
 5. New Vehicle Loans3.87536$14,600,140
 6. Used Vehicle Loans4.681,304$25,826,412
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit2.818$45,200
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property3.13286$40,552,163
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property8.16923$41,050,412
 11. All Other Real Estate Loans/Lines of Credit0.000$0
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured5.126$2,762,247
 13. Commercial Loans/Lines of Credit Not Real Estate Secured5.892$513,824
 14. TOTAL LOANS & LEASES8,291$161,811,154
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date1,841$33,653,688
  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 Staff6$43,975
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