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National Credit Union Service Organization

VA DESERT PACIFIC 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 VA DESERT PACIFIC FEDERAL CREDIT UNION as of: June 30, 2024.
Charter Number: 5530

ASSETS$ Amount
CASH:  
 1. Cash on Hand 781,982
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 1,358,636
 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 35,328,710
 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 137,124
 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 50,735,695
 17. Less: Allowance for Loan & Lease Losses 150,914
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 0
 20. Land and Building 0
 21. Other Fixed Assets 477,582
 22. NCUA Share Insurance Capitalization Deposit 678,626
 23. Intangible Assets 0
 24. Other Assets 0
25. TOTAL ASSETS 90,191,878
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 335
 9. Accounts Payable and Other Liabilities 1,255,321
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 15,506,717
 12. Regular Shares 33,482,990
 13. Money Market Shares 18,789,267
 14. Share Certificates 4,654,733
 15. IRA/KEOGH Accounts 2,784,774
 16. All Other Shares 0
 17. TOTAL SHARES 75,218,481
 18. Nonmember Deposits 0
 19. TOTAL SHARES AND DEPOSITS 75,218,481
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) 1,523,351
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 1,046,730
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 0
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 21,730
EQUITY:  
 33. Undivided Earnings 17,497,955
 34. Regular Reserves 0
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 0
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -3,780,214
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 90,191,878
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 2,184,235
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 621,351
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 2,805,586
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 131,992
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 1,528
 9. TOTAL INTEREST EXPENSE 133,520
 10. Provision for Loan & Lease Losses 112,358
 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 341,917
 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) -60,000
 21. TOTAL NON-INTEREST INCOME 804,332
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 1,295,222
 23. Travel and Conference Expense 32,942
 24. Office Occupancy Expense 90,610
 25. Office Operations Expense 281,364
 26. Educational and Promotional Expenses 29,438
 27. Loan Servicing Expense 57,168
 28. Professional and Outside Services 741,894
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 12,000
 31. Miscellaneous Operating Expenses 56,070
 32. TOTAL NON-INTEREST EXPENSE 2,596,708
33. NET INCOME (LOSS) 767,332
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 Loans9.90854$1,332,431
 2. Payday Alternative Loans (PALs I and PALs II)13.5010$5,040
 3. Non-Federally Guaranteed Student Loans6.142$25,627
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans6.901,176$5,782,928
 5. New Vehicle Loans2.40243$7,029,702
 6. Used Vehicle Loans2.40895$16,075,423
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit2.4020$157,530
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property6.00109$11,891,426
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property5.5124$7,679,330
 11. All Other Real Estate Loans/Lines of Credit0.000$0
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured5.605$680,748
 13. Commercial Loans/Lines of Credit Not Real Estate Secured6.901$75,510
 14. TOTAL LOANS & LEASES3,439$50,735,695
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date882$20,238,079
  a. Payday Alternative Loans (PALs I and PALs II) Granted Year-to-Date7$7,000
MISCELLANEOUS LOAN INFORMATIONNumberAmount
 16. Non-Federally Guaranteed Student Loans in Deferred Status0$0
 17. Loans Outstanding to Credit Union Officials and Senior Executive Staff16$692,217
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