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National Credit Union Service Organization

BAY 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 BAY CREDIT UNION as of: December 31, 2023.
Charter Number: 63262

ASSETS$ Amount
CASH:  
 1. Cash on Hand 1,749,460
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 5,754,409
 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 18,522,583
 7. Held-to-Maturity Debt Securities 498,000
 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 0
 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 110,738,429
 17. Less: Allowance for Loan & Lease Losses 0
 18: Less: Allowance for Credit Losses on Loans & Leases 1,421,057
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 0
 20. Land and Building 5,574,129
 21. Other Fixed Assets 578,569
 22. NCUA Share Insurance Capitalization Deposit 1,421,390
 23. Intangible Assets 0
 24. Other Assets 0
25. TOTAL ASSETS 167,506,585
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 5,054,300
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 38,594,291
 12. Regular Shares 69,129,677
 13. Money Market Shares 6,327,226
 14. Share Certificates 23,302,186
 15. IRA/KEOGH Accounts 5,630,830
 16. All Other Shares 41,579
 17. TOTAL SHARES 143,025,789
 18. Nonmember Deposits 0
 19. TOTAL SHARES AND DEPOSITS 143,025,789
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) 12,864,195
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 1,249,758
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 3,602,313
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 32,954
EQUITY:  
 33. Undivided Earnings 19,302,834
 34. Regular Reserves 0
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 1,997,993
 37. Equity Acquired in Merger 0
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) -1,016,704
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -857,627
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 167,506,585
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 6,054,543
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 663,033
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 6,717,576
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 111,880
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 724,006
 8. Interest on Borrowed Money 0
 9. TOTAL INTEREST EXPENSE 835,886
 10. Provision for Loan & Lease Losses 0
 11. Total Credit Loss Expense 761,858
 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 1,383,123
 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 -14,713
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 251,826
 21. TOTAL NON-INTEREST INCOME 1,917,228
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 2,995,359
 23. Travel and Conference Expense 108,285
 24. Office Occupancy Expense 357,510
 25. Office Operations Expense 872,006
 26. Educational and Promotional Expenses 227,379
 27. Loan Servicing Expense 659,433
 28. Professional and Outside Services 707,974
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 44,335
 31. Miscellaneous Operating Expenses 365,389
 32. TOTAL NON-INTEREST EXPENSE 6,337,670
33. NET INCOME (LOSS) 699,390
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 Loans11.842,472$5,123,010
 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 loans14.001,154$3,984,902
 5. New Vehicle Loans5.32941$26,952,564
 6. Used Vehicle Loans7.711,579$28,014,137
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit7.28452$10,335,668
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property5.4082$5,020,787
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property7.2296$3,744,190
 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 Secured3.4766$27,563,171
 14. TOTAL LOANS & LEASES6,842$110,738,429
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date1,554$35,479,921
  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 Staff12$516,764
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 Administration6$1,894,526$1,856,363
  b. Other Government Guaranteed60$25,668,645$25,481,319