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National Credit Union Service Organization

FREESTAR FINANCIAL 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 FREESTAR FINANCIAL CREDIT UNION as of: June 30, 2021.
Charter Number: 60406

ASSETS$ Amount
CASH:  
 1. Cash on Hand 2,697,677
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 14,407,562
 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 62,156,098
 7. Held-to-Maturity Debt Securities 0
 8. Deposits in commercial banks, S&Ls, savings banks 7,499,000
 9. Loans to and investments in natural person credit unions 994,000
 10. Nonperpetual Capital Account 0
 11. Perpetual Contributed Capital 545,900
 12. All other investments in corporate credit unions 0
 13. All other investments 479,700
 14. TOTAL INVESTMENTS 71,674,698
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 0
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 172,183,084
 17. Less: Allowance for Loan & Lease Losses 1,584,348
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 0
 20. Land and Building 10,879,173
 21. Other Fixed Assets 1,404,572
 22. NCUA Share Insurance Capitalization Deposit 2,098,224
 23. Intangible Assets 0
 24. Other Assets 4,977,839
25. TOTAL ASSETS 278,738,481
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 0
 2. Other Notes, Promissory Notes and Interest Payable 7,000,000
 3. Borrowing Repurchase Transactions 0
 4. Subordinated Debt 0
 5. Subordinated Debt included in Net Worth 0
 6. TOTALS 7,000,000
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 0
 9. Accounts Payable and Other Liabilities 3,504,900
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 38,955,714
 12. Regular Shares 83,584,735
 13. Money Market Shares 57,349,945
 14. Share Certificates 45,794,081
 15. IRA/KEOGH Accounts 12,553,620
 16. All Other Shares 1,084,287
 17. TOTAL SHARES 239,322,382
 18. Nonmember Deposits 2,984,725
 19. TOTAL SHARES AND DEPOSITS 242,307,107
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 3,441
 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) 17,787,566
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 1,835,078
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 7,333,227
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 132,570
EQUITY:  
 33. Undivided Earnings 18,550,564
 34. Regular Reserves 2,992,291
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 3,107,109
 37. Equity Acquired in Merger 0
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities 240,244
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 1,036,266
44. TOTAL LIABILITIES, SHARES, AND EQUITY 278,738,481
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 4,144,819
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 348,483
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 4,493,302
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 54,796
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 613,532
 8. Interest on Borrowed Money 86,212
 9. TOTAL INTEREST EXPENSE 754,540
 10. Provision for Loan & Lease Losses -119,000
 11. Total Credit Loss Expense 0
 12. NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES or CREDIT LOSS EXPENSE 3,857,762
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 1,096,600
 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) 155,055
 21. TOTAL NON-INTEREST INCOME 1,972,319
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 2,532,963
 23. Travel and Conference Expense 56,626
 24. Office Occupancy Expense 328,315
 25. Office Operations Expense 1,269,123
 26. Educational and Promotional Expenses 126,013
 27. Loan Servicing Expense 353,219
 28. Professional and Outside Services 54,431
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 27,503
 31. Miscellaneous Operating Expenses 45,623
 32. TOTAL NON-INTEREST EXPENSE 4,793,816
33. NET INCOME (LOSS) 1,036,265
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 Loans9.993,655$7,466,423
 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 loans10.992,476$10,729,725
 5. New Vehicle Loans2.24597$11,550,202
 6. Used Vehicle Loans2.243,702$45,535,917
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit5.00668$9,223,823
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property3.25592$63,369,079
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property3.25480$13,625,788
 11. All Other Real Estate Loans/Lines of Credit4.001$34,919
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured4.0050$10,642,279
 13. Commercial Loans/Lines of Credit Not Real Estate Secured10.001$4,929
 14. TOTAL LOANS & LEASES12,222$172,183,084
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date1,398$33,984,033
  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 Staff7$639,743
GOVERNMENT GUARANTEED LOANSNumberOutstanding BalanceGuaranteed Portion
 18. Non-Commercial Loans  
  a. 1. Small Business Administration33$1,532,814$1,532,814
  a. 2. Paycheck Protection Program Loans (Included in 18.a.1.)33$1,532,814-
  b. Other Government Guaranteed0$0$0
 19. Commercial Loans  
  a. Small Business Administration0$0$0
  b. Other Government Guaranteed0$0$0