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National Credit Union Service Organization

GULF COAST EDUCATORS 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 GULF COAST EDUCATORS FEDERAL CREDIT UNION as of: June 30, 2021.
Charter Number: 5648

ASSETS$ Amount
CASH:  
 1. Cash on Hand 5,006,893
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 65,450,051
 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 558,162,887
 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 4,955,900
 14. TOTAL INVESTMENTS 563,118,787
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 0
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 565,886,527
 17. Less: Allowance for Loan & Lease Losses 2,267,415
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 22,000
 20. Land and Building 8,417,481
 21. Other Fixed Assets 2,032,488
 22. NCUA Share Insurance Capitalization Deposit 6,244,203
 23. Intangible Assets 0
 24. Other Assets 15,023,681
25. TOTAL ASSETS 1,228,934,696
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 65,000,000
 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 65,000,000
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 1,225,121
 9. Accounts Payable and Other Liabilities 18,752,363
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 119,300,324
 12. Regular Shares 306,653,190
 13. Money Market Shares 124,315,266
 14. Share Certificates 426,373,451
 15. IRA/KEOGH Accounts 17,488,593
 16. All Other Shares 1,476,618
 17. TOTAL SHARES 995,607,442
 18. Nonmember Deposits 0
 19. TOTAL SHARES AND DEPOSITS 995,607,442
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 276,018,327
 22. Accounts Held by Nonmember Public Units 0
 23. Employee Benefit Member Shares 43,038
 24. Employee Benefit Nonmember Shares 0
 25. 529 Plan Member Deposits 0
 26. Non-dollar denominated deposits 0
 27. Health Savings Account 1,476,618
 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) 389,357,988
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 7,377,962
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 4,047,966
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 94,115
EQUITY:  
 33. Undivided Earnings 146,679,866
 34. Regular Reserves 4,107,882
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 0
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) -5,507,156
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -3,375,739
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 6,444,917
44. TOTAL LIABILITIES, SHARES, AND EQUITY 1,228,934,696
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 13,741,012
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 3,414,987
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 17,155,999
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 3,179,136
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 91,853
 9. TOTAL INTEREST EXPENSE 3,270,989
 10. Provision for Loan & Lease Losses 295,118
 11. Total Credit Loss Expense 0
 12. NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES or CREDIT LOSS EXPENSE 13,589,892
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 1,968,145
 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 14,353
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 0
 21. TOTAL NON-INTEREST INCOME 5,901,556
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 6,863,911
 23. Travel and Conference Expense 37,605
 24. Office Occupancy Expense 965,743
 25. Office Operations Expense 2,509,046
 26. Educational and Promotional Expenses 363,176
 27. Loan Servicing Expense 542,354
 28. Professional and Outside Services 1,486,611
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 114,738
 31. Miscellaneous Operating Expenses 163,347
 32. TOTAL NON-INTEREST EXPENSE 13,046,531
33. NET INCOME (LOSS) 6,444,917
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 Loans11.937,250$15,930,570
 2. Payday Alternative Loans (PALs I and PALs II)0.000$0
 3. Non-Federally Guaranteed Student Loans0.000$0
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans11.836,081$40,585,414
 5. New Vehicle Loans4.302,629$65,868,591
 6. Used Vehicle Loans4.5510,296$162,546,910
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit6.991,594$22,920,414
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property4.001,755$253,312,738
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property6.61140$4,721,890
 11. All Other Real Estate Loans/Lines of Credit0.000$0
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured0.000$0
 13. Commercial Loans/Lines of Credit Not Real Estate Secured0.000$0
 14. TOTAL LOANS & LEASES29,745$565,886,527
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date4,028$106,992,044
  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$1,078,380
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