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National Credit Union Service Organization

ALATRUST 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 ALATRUST CREDIT UNION as of: June 30, 2021.
Charter Number: 60934

ASSETS$ Amount
CASH:  
 1. Cash on Hand 2,068,130
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 5,218,927
 3. Cash Equivalents (Investments with Original Maturities of Three Months or Less) 21,500,000
INVESTMENTS:  
 4. Equity Securities 0
 5. Trading Debut Securities 0
 6. Available-for-Sale Debt Securities 58,015,232
 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 1,950,000
 12. All other investments in corporate credit unions 0
 13. All other investments 80,300
 14. TOTAL INVESTMENTS 60,045,532
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 0
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 78,870,415
 17. Less: Allowance for Loan & Lease Losses 1,496,467
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 19,850
 20. Land and Building 4,108,084
 21. Other Fixed Assets 309,647
 22. NCUA Share Insurance Capitalization Deposit 1,334,040
 23. Intangible Assets 0
 24. Other Assets 3,134,653
25. TOTAL ASSETS 175,112,811
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 868,244
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 27,123,230
 12. Regular Shares 82,538,549
 13. Money Market Shares 18,285,945
 14. Share Certificates 15,922,499
 15. IRA/KEOGH Accounts 9,512,523
 16. All Other Shares 144,085
 17. TOTAL SHARES 153,526,831
 18. Nonmember Deposits 0
 19. TOTAL SHARES AND DEPOSITS 153,526,831
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) 6,461,112
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 3,866,584
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 2,918,489
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 37,951
EQUITY:  
 33. Undivided Earnings 2,567,243
 34. Regular Reserves 18,582,225
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 0
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) -638,615
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities 206,883
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 175,112,811
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 1,994,408
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 378,521
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 2,372,929
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 242,779
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 1
 9. TOTAL INTEREST EXPENSE 242,780
 10. Provision for Loan & Lease Losses 0
 11. Total Credit Loss Expense 0
 12. NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES or CREDIT LOSS EXPENSE 2,130,149
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 479,779
 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) 372
 21. TOTAL NON-INTEREST INCOME 895,901
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 1,117,215
 23. Travel and Conference Expense 10,031
 24. Office Occupancy Expense 123,606
 25. Office Operations Expense 338,584
 26. Educational and Promotional Expenses 100,000
 27. Loan Servicing Expense 69,421
 28. Professional and Outside Services 685,708
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 11,494
 31. Miscellaneous Operating Expenses 84,688
 32. TOTAL NON-INTEREST EXPENSE 2,540,747
33. NET INCOME (LOSS) 485,303
RESERVE TRANSFERS YEAR-TO-DATE FOR THE CYCLE  
 34. Transfer to Regular Reserves 485,303
Interest Rate# LoansAmount
Non-Commercial Loans/Lines of Credit
 1. Unsecured Credit Card Loans9.951,031$2,495,263
 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 loans18.0010,558$5,133,912
 5. New Vehicle Loans2.75466$9,479,799
 6. Used Vehicle Loans7.992,560$21,424,747
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit3.495,235$6,424,772
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property3.75333$25,890,303
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property5113$3,547,161
 11. All Other Real Estate Loans/Lines of Credit0.000$0
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured5.258$2,878,553
 13. Commercial Loans/Lines of Credit Not Real Estate Secured9.956$1,595,905
 14. TOTAL LOANS & LEASES20,310$78,870,415
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date9,046$17,679,530
  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 Staff6$41,305
GOVERNMENT GUARANTEED LOANSNumberOutstanding BalanceGuaranteed Portion
 18. Non-Commercial Loans  
  a. 1. Small Business Administration22$666,158$666,158
  a. 2. Paycheck Protection Program Loans (Included in 18.a.1.)22$166,158-
  b. Other Government Guaranteed0$0$0
 19. Commercial Loans  
  a. Small Business Administration0$0$0
  b. Other Government Guaranteed0$0$0