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National Credit Union Service Organization

REDWOOD 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 REDWOOD CREDIT UNION as of: June 30, 2024.
Charter Number: 60793

ASSETS$ Amount
CASH:  
 1. Cash on Hand 109,286,054
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 1,298,661,361
 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 481,100,065
 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 814
 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 495,000
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 5,431,036,158
 17. Less: Allowance for Loan & Lease Losses 45,461,457
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 148,153
 20. Land and Building 104,469,584
 21. Other Fixed Assets 18,517,076
 22. NCUA Share Insurance Capitalization Deposit 59,911,717
 23. Intangible Assets 0
 24. Other Assets 0
25. TOTAL ASSETS 7,640,020,276
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 262,279
 9. Accounts Payable and Other Liabilities 70,144,192
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 1,737,208,097
 12. Regular Shares 1,884,517,266
 13. Money Market Shares 2,525,386,430
 14. Share Certificates 369,354,669
 15. IRA/KEOGH Accounts 175,760,710
 16. All Other Shares 14,525,779
 17. TOTAL SHARES 6,706,752,951
 18. Nonmember Deposits 0
 19. TOTAL SHARES AND DEPOSITS 6,706,752,951
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 1,972,141
 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) 220,566,998
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 69,871,884
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 558,006,738
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 1,717,436
EQUITY:  
 33. Undivided Earnings 857,951,194
 34. Regular Reserves 0
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 19,074,605
 37. Equity Acquired in Merger 2,336,759
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -16,501,704
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 7,640,020,276
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 146,613,372
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 23,265,676
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 169,879,048
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 12,060,573
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 3,704,676
 9. TOTAL INTEREST EXPENSE 15,765,249
 10. Provision for Loan & Lease Losses 12,756,138
 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 14,226,621
 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 95,956
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 0
 21. TOTAL NON-INTEREST INCOME 61,628,099
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 63,521,966
 23. Travel and Conference Expense 830,762
 24. Office Occupancy Expense 7,138,625
 25. Office Operations Expense 8,428,877
 26. Educational and Promotional Expenses 4,921,696
 27. Loan Servicing Expense 20,557,095
 28. Professional and Outside Services 10,368,009
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 412,674
 31. Miscellaneous Operating Expenses 3,717,989
 32. TOTAL NON-INTEREST EXPENSE 119,897,693
33. NET INCOME (LOSS) 83,088,067
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 Loans20.9984,571$295,941,397
 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 loans6.9916,527$110,754,944
 5. New Vehicle Loans3.4922,583$640,497,996
 6. Used Vehicle Loans2.6956,123$1,041,129,812
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit5.247,625$133,601,638
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property4.755,633$2,284,771,054
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property7.255,744$385,252,269
 11. All Other Real Estate Loans/Lines of Credit4.501$4,031
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured4.50559$503,731,886
 13. Commercial Loans/Lines of Credit Not Real Estate Secured4.59239$35,351,131
 14. TOTAL LOANS & LEASES199,605$5,431,036,158
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date49,408$1,712,550,833
  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 Staff81$9,666,598
GOVERNMENT GUARANTEED LOANSNumberOutstanding BalanceGuaranteed Portion
 18. Non-Commercial Loans  
  a. 1. Small Business Administration32$783,449$688,418
  a. 2. Paycheck Protection Program Loans (Included in 18.a.1.)17$382,459-
  b. Other Government Guaranteed0$0$0
 19. Commercial Loans  
  a. Small Business Administration310$189,480,402$32,885,087
  b. Other Government Guaranteed0$0$0