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National Credit Union Service Organization

ADVANTAGE 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 ADVANTAGE CREDIT UNION as of: September 30, 2021.
Charter Number: 61383

ASSETS$ Amount
CASH:  
 1. Cash on Hand 1,049,519
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 7,841,976
 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 11,826,977
 7. Held-to-Maturity Debt Securities 0
 8. Deposits in commercial banks, S&Ls, savings banks 248,000
 9. Loans to and investments in natural person credit unions 992,000
 10. Nonperpetual Capital Account 0
 11. Perpetual Contributed Capital 373,749
 12. All other investments in corporate credit unions 496,000
 13. All other investments 0
 14. TOTAL INVESTMENTS 13,936,726
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 0
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 18,698,966
 17. Less: Allowance for Loan & Lease Losses 101,000
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 0
 20. Land and Building 531,439
 21. Other Fixed Assets 294,270
 22. NCUA Share Insurance Capitalization Deposit 347,394
 23. Intangible Assets 0
 24. Other Assets 356,474
25. TOTAL ASSETS 42,955,764
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 553,176
 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 553,176
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 237
 9. Accounts Payable and Other Liabilities 77,164
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 10,456,804
 12. Regular Shares 23,157,937
 13. Money Market Shares 1,681,841
 14. Share Certificates 2,643,980
 15. IRA/KEOGH Accounts 721,609
 16. All Other Shares 0
 17. TOTAL SHARES 38,662,171
 18. Nonmember Deposits 0
 19. TOTAL SHARES AND DEPOSITS 38,662,171
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) 490,130
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 100,020
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 612,715
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 18,070
EQUITY:  
 33. Undivided Earnings 1,706,178
 34. Regular Reserves 1,939,814
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 0
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -45,599
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 62,623
44. TOTAL LIABILITIES, SHARES, AND EQUITY 42,955,764
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 655,634
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 107,747
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 763,381
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 24,480
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 756
 9. TOTAL INTEREST EXPENSE 25,236
 10. Provision for Loan & Lease Losses -34,092
 11. Total Credit Loss Expense 0
 12. NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES or CREDIT LOSS EXPENSE 772,237
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 270,135
 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) 0
 21. TOTAL NON-INTEREST INCOME 391,879
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 528,362
 23. Travel and Conference Expense 3,145
 24. Office Occupancy Expense 54,253
 25. Office Operations Expense 223,222
 26. Educational and Promotional Expenses 47,711
 27. Loan Servicing Expense 11,368
 28. Professional and Outside Services 195,555
 29. Total Member Insurance 12,269
 30. Operating Fees (Examination and/or supervision fees) 6,334
 31. Miscellaneous Operating Expenses 19,274
 32. TOTAL NON-INTEREST EXPENSE 1,101,493
33. NET INCOME (LOSS) 62,623
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 Loans11.00781$1,090,814
 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 loans10.00221$149,351
 5. New Vehicle Loans4.41115$1,747,608
 6. Used Vehicle Loans5.73754$9,314,936
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit5.1250$463,625
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property4.8368$4,119,038
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property7.55112$1,813,594
 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 & LEASES2,101$18,698,966
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date217$4,578,017
  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 Staff13$532,742
GOVERNMENT GUARANTEED LOANSNumberOutstanding BalanceGuaranteed Portion
 18. Non-Commercial Loans  
  a. 1. Small Business Administration5,327$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