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National Credit Union Service Organization

ALTAONE 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 ALTAONE FEDERAL CREDIT UNION as of: June 30, 2024.
Charter Number: 5612

ASSETS$ Amount
CASH:  
 1. Cash on Hand 11,025,412
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 49,271,782
 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 103,478,901
 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 0
 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 591,287,714
 17. Less: Allowance for Loan & Lease Losses 5,544,485
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 494,805
 20. Land and Building 8,924,378
 21. Other Fixed Assets 4,805,258
 22. NCUA Share Insurance Capitalization Deposit 6,217,940
 23. Intangible Assets 0
 24. Other Assets 0
25. TOTAL ASSETS 793,540,945
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 0
 9. Accounts Payable and Other Liabilities 14,912,660
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 186,386,889
 12. Regular Shares 348,572,605
 13. Money Market Shares 72,610,205
 14. Share Certificates 59,637,778
 15. IRA/KEOGH Accounts 26,629,725
 16. All Other Shares 25,519,663
 17. TOTAL SHARES 719,356,865
 18. Nonmember Deposits 7,156,806
 19. TOTAL SHARES AND DEPOSITS 726,513,671
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 15,467,198
 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) 22,568,721
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 8,489,285
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 80,705,990
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 49,923
EQUITY:  
 33. Undivided Earnings 68,595,179
 34. Regular Reserves 0
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 0
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -16,480,565
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 793,540,945
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 15,790,597
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 1,726,078
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 17,516,675
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 700,431
 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 700,431
 10. Provision for Loan & Lease Losses 959,000
 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 4,071,948
 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 13,071
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 2,926,685
 21. TOTAL NON-INTEREST INCOME 8,805,526
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 10,549,976
 23. Travel and Conference Expense 138,340
 24. Office Occupancy Expense 1,820,716
 25. Office Operations Expense 4,257,716
 26. Educational and Promotional Expenses 306,739
 27. Loan Servicing Expense 2,319,185
 28. Professional and Outside Services 1,251,604
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 90,030
 31. Miscellaneous Operating Expenses 185,244
 32. TOTAL NON-INTEREST EXPENSE 20,919,550
33. NET INCOME (LOSS) 3,743,220
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 Loans10.998,406$28,602,193
 2. Payday Alternative Loans (PALs I and PALs II)0.000$0
 3. Non-Federally Guaranteed Student Loans6.714,215$4,519,359
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans8.004,293$58,293,445
 5. New Vehicle Loans3.752,545$71,233,749
 6. Used Vehicle Loans4.504,789$94,996,798
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit8.001,309$22,534,498
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property6.131,245$186,011,675
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property7.131,624$59,604,677
 11. All Other Real Estate Loans/Lines of Credit0.000$0
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured7.3157$22,920,675
 13. Commercial Loans/Lines of Credit Not Real Estate Secured8.7560$42,570,645
 14. TOTAL LOANS & LEASES28,543$591,287,714
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date4,721$301,086,898
  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 Staff14$1,215,102
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 Administration8$5,222,987$3,942,477
  b. Other Government Guaranteed0$0$0