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 A+ FEDERAL CREDIT UNION as of: December 31, 2023.
Charter Number: 6178
| ASSETS | $ Amount |
|---|---|
| CASH: | |
| 1. Cash on Hand | 34,745,121 |
| 2. Cash on Deposit (Amounts Deposited in Financial Institutions) | 164,821,612 |
| 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 | 23,684,617 |
| 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 | 1,650,000 |
| 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 | 788,500 |
| LOANS AND LEASES: | |
| 16. TOTAL LOANS & LEASES | 2,278,830,755 |
| 17. Less: Allowance for Loan & Lease Losses | 0 |
| 18: Less: Allowance for Credit Losses on Loans & Leases | 28,039,789 |
| OTHER ASSETS: | |
| 19. Foreclosed and Repossessed Assets | 4,459,519 |
| 20. Land and Building | 47,384,667 |
| 21. Other Fixed Assets | 1,780,490 |
| 22. NCUA Share Insurance Capitalization Deposit | 19,890,792 |
| 23. Intangible Assets | 0 |
| 24. Other Assets | 0 |
| 25. TOTAL ASSETS | 2,622,698,530 |
| LIABILITIES | $ Amount |
|---|---|
| 1. Draws Against Lines of Credit | 250,000,000 |
| 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 | 250,000,000 |
| 7. Non-Trading Derivative Liabilities | 0 |
| 8. Accrued Dividends & Interest Payable on Shares & Deposits | 0 |
| 9. Accounts Payable and Other Liabilities | 44,360,700 |
| 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures | 0 |
| SHARES/DEPOSITS: | |
| 11. Share Drafts | 454,830,951 |
| 12. Regular Shares | 849,769,832 |
| 13. Money Market Shares | 188,690,473 |
| 14. Share Certificates | 352,840,653 |
| 15. IRA/KEOGH Accounts | 74,502,408 |
| 16. All Other Shares | 6,460,973 |
| 17. TOTAL SHARES | 1,927,095,291 |
| 18. Nonmember Deposits | 102,224,000 |
| 19. TOTAL SHARES AND DEPOSITS | 2,029,319,291 |
| 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) | 185,905,754 |
| 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 | 12,887,976 |
| 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 | 77,767,995 |
| 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit | 1,290,486 |
| EQUITY: | |
| 33. Undivided Earnings | 300,072,172 |
| 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 | 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 | -1,053,633 |
| 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 | 2,622,698,530 |
| Statement of Income & Expense | $ Amount |
|---|---|
| INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE | |
| 1. Interest on Loans (Gross-before interest refunds) | 124,530,356 |
| 2. (Less) Interest Refunded | 0 |
| 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) | 4,555,068 |
| 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities | 0 |
| 5. TOTAL INTEREST INCOME | 129,085,424 |
| INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE | |
| 6. Dividends on Shares (Includes dividends earned during current period) | 18,778,276 |
| 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) | 0 |
| 8. Interest on Borrowed Money | 7,687,300 |
| 9. TOTAL INTEREST EXPENSE | 26,465,576 |
| 10. Provision for Loan & Lease Losses | 0 |
| 11. Total Credit Loss Expense | 22,907,543 |
| 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 | 11,923,526 |
| 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 | 400,340 |
| 19. Gain from Bargain Purchase (Merger) | 0 |
| 20. Other Non-operating Income (Expense) | 2,200,795 |
| 21. TOTAL NON-INTEREST INCOME | 44,118,364 |
| NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE | |
| 22. Total Employee Compensation and Benefits | 50,812,780 |
| 23. Travel and Conference Expense | 395,458 |
| 24. Office Occupancy Expense | 4,530,703 |
| 25. Office Operations Expense | 6,798,163 |
| 26. Educational and Promotional Expenses | 3,914,725 |
| 27. Loan Servicing Expense | 3,651,659 |
| 28. Professional and Outside Services | 14,278,588 |
| 29. Total Member Insurance | 0 |
| 30. Operating Fees (Examination and/or supervision fees) | 388,037 |
| 31. Miscellaneous Operating Expenses | 2,165,388 |
| 32. TOTAL NON-INTEREST EXPENSE | 86,935,501 |
| 33. NET INCOME (LOSS) | 36,895,168 |
| RESERVE TRANSFERS YEAR-TO-DATE FOR THE CYCLE | |
| 34. Transfer to Regular Reserves | 0 |
| Interest Rate | # Loans | Amount | |
|---|---|---|---|
| Non-Commercial Loans/Lines of Credit | |||
| 1. Unsecured Credit Card Loans | 0.00 | 0 | $0 |
| 2. Payday Alternative Loans (PALs I and PALs II) | 0.00 | 0 | $0 |
| 3. Non-Federally Guaranteed Student Loans | 0.00 | 0 | $0 |
| 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans | 9.24 | 32,592 | $113,520,555 |
| 5. New Vehicle Loans | 8.19 | 5,367 | $142,485,772 |
| 6. Used Vehicle Loans | 8.19 | 26,225 | $456,467,053 |
| 7. Leases Receivable | 0.00 | 0 | $0 |
| 8. All Other Secured Non-Real Estate Loans/Lines of Credit | 10.40 | 13,887 | $371,558,905 |
| 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property | 6.38 | 7,414 | $939,731,418 |
| 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property | 6.24 | 1,168 | $67,307,899 |
| 11. All Other Real Estate Loans/Lines of Credit | 7.88 | 11 | $265,938 |
| Commercial Loans / Lines of Credit | |||
| 12. Commercial Loans/Lines of Credit Real Estate Secured | 7.88 | 227 | $185,721,553 |
| 13. Commercial Loans/Lines of Credit Not Real Estate Secured | 13.38 | 12 | $1,771,662 |
| 14. TOTAL LOANS & LEASES | 86,903 | $2,278,830,755 | |
| YEAR-TO-DATE LOAN INFORMATION | Number | Amount | |
| 15. Loans Granted Year-to-Date | 23,942 | $330,527,758 | |
| a. Payday Alternative Loans (PALs I and PALs II) Granted Year-to-Date | 0 | $0 | |
| MISCELLANEOUS LOAN INFORMATION | Number | Amount | |
| 16. Non-Federally Guaranteed Student Loans in Deferred Status | 0 | $0 | |
| 17. Loans Outstanding to Credit Union Officials and Senior Executive Staff | 15 | $1,307,312 | |
| GOVERNMENT GUARANTEED LOANS | Number | Outstanding Balance | Guaranteed Portion |
| 18. Non-Commercial Loans | |||
| a. 1. Small Business Administration | 1 | $8,872 | $7,541 |
| a. 2. Paycheck Protection Program Loans (Included in 18.a.1.) | 0 | $0 | - |
| b. Other Government Guaranteed | 0 | $0 | $0 |
| 19. Commercial Loans | |||
| a. Small Business Administration | 1 | $96,672 | $82,171 |
| b. Other Government Guaranteed | 0 | $0 | $0 |