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National Credit Union Service Organization

BIRMINGHAM-BLOOMFIELD 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 BIRMINGHAM-BLOOMFIELD CREDIT UNION as of: June 30, 2024.
Charter Number: 61698

ASSETS$ Amount
CASH:  
 1. Cash on Hand 2,792,654
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 9,441,177
 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 9,955,804
 7. Held-to-Maturity Debt Securities 41,306,000
 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 1,131,300
 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 0
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 173,842,018
 17. Less: Allowance for Loan & Lease Losses 334,165
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 0
 20. Land and Building 5,717,880
 21. Other Fixed Assets 826,130
 22. NCUA Share Insurance Capitalization Deposit 3,099,868
 23. Intangible Assets 0
 24. Other Assets 0
25. TOTAL ASSETS 353,815,852
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 720
 9. Accounts Payable and Other Liabilities 3,071,806
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 66,362,967
 12. Regular Shares 144,452,307
 13. Money Market Shares 85,770,360
 14. Share Certificates 15,437,399
 15. IRA/KEOGH Accounts 6,321,735
 16. All Other Shares 241,441
 17. TOTAL SHARES 318,586,209
 18. Nonmember Deposits 0
 19. TOTAL SHARES AND DEPOSITS 318,586,209
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 260,100
 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) 5,649,455
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 1,228,359
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 7,879,140
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 33,944
EQUITY:  
 33. Undivided Earnings 7,729,818
 34. Regular Reserves 0
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 23,864,012
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -303,507
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 866,794
44. TOTAL LIABILITIES, SHARES, AND EQUITY 353,815,852
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 4,333,530
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 1,159,596
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 5,493,126
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 69,564
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 86,797
 8. Interest on Borrowed Money 0
 9. TOTAL INTEREST EXPENSE 156,361
 10. Provision for Loan & Lease Losses 202,885
 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 685,733
 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 2,744,063
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 3,855,822
 23. Travel and Conference Expense 108,717
 24. Office Occupancy Expense 566,515
 25. Office Operations Expense 1,010,796
 26. Educational and Promotional Expenses 197,235
 27. Loan Servicing Expense 534,370
 28. Professional and Outside Services 452,040
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 39,166
 31. Miscellaneous Operating Expenses 246,488
 32. TOTAL NON-INTEREST EXPENSE 7,011,149
33. NET INCOME (LOSS) 866,794
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 Loans9.993,173$5,374,417
 2. Payday Alternative Loans (PALs I and PALs II)0.000$0
 3. Non-Federally Guaranteed Student Loans6.7822$899,703
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans8.434,271$5,230,187
 5. New Vehicle Loans3.311,031$37,429,408
 6. Used Vehicle Loans3.563,728$67,774,736
 7. Leases Receivable3.141$29,618
 8. All Other Secured Non-Real Estate Loans/Lines of Credit5.63554$8,196,833
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property3.74330$32,660,056
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property4.27322$10,036,177
 11. All Other Real Estate Loans/Lines of Credit6.252$88,166
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured4.5138$5,959,270
 13. Commercial Loans/Lines of Credit Not Real Estate Secured4.597$163,447
 14. TOTAL LOANS & LEASES13,479$173,842,018
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date12,526$80,602,014
  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 Staff45$1,646,914
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