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National Credit Union Service Organization

FIRST AMERICAN 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 FIRST AMERICAN CREDIT UNION as of: December 31, 2023.
Charter Number: 64412

ASSETS$ Amount
CASH:  
 1. Cash on Hand 2,702,050
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 18,873,638
 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 5,430,970
 7. Held-to-Maturity Debt Securities 1,202,134
 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 210,509
 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 73,756,701
 17. Less: Allowance for Loan & Lease Losses 0
 18: Less: Allowance for Credit Losses on Loans & Leases 672,086
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 0
 20. Land and Building 695,206
 21. Other Fixed Assets 224,101
 22. NCUA Share Insurance Capitalization Deposit 653,810
 23. Intangible Assets 0
 24. Other Assets 0
25. TOTAL ASSETS 117,540,744
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 1,383,000
 5. Subordinated Debt included in Net Worth 1,383,000
 6. TOTALS 1,383,000
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 0
 9. Accounts Payable and Other Liabilities 2,134,507
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 23,719,172
 12. Regular Shares 36,277,427
 13. Money Market Shares 36,989,048
 14. Share Certificates 5,229,131
 15. IRA/KEOGH Accounts 1,677,717
 16. All Other Shares 0
 17. TOTAL SHARES 103,892,495
 18. Nonmember Deposits 850,179
 19. TOTAL SHARES AND DEPOSITS 104,742,674
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 45,066,724
 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) 2,514,842
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 160,016
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 47,736,413
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 48,754
EQUITY:  
 33. Undivided Earnings 9,812,788
 34. Regular Reserves 0
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 0
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -532,225
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 117,540,744
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 3,518,160
 2. (Less) Interest Refunded 850
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 1,206,057
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 4,723,367
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 59,447
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 322,192
 8. Interest on Borrowed Money 196
 9. TOTAL INTEREST EXPENSE 381,835
 10. Provision for Loan & Lease Losses 0
 11. Total Credit Loss Expense 329,232
 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 1,499,497
 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 1,357
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 0
 21. TOTAL NON-INTEREST INCOME 2,596,445
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 2,194,611
 23. Travel and Conference Expense 58,423
 24. Office Occupancy Expense 230,059
 25. Office Operations Expense 1,564,079
 26. Educational and Promotional Expenses 9,313
 27. Loan Servicing Expense 263,190
 28. Professional and Outside Services 377,353
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 5,500
 31. Miscellaneous Operating Expenses 6,429
 32. TOTAL NON-INTEREST EXPENSE 4,708,957
33. NET INCOME (LOSS) 1,899,788
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 Loans8.941,181$1,272,165
 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 loans18.433,458$2,340,951
 5. New Vehicle Loans4.84741$24,915,183
 6. Used Vehicle Loans5.781,128$30,356,643
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit6.58284$5,344,475
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property7.2570$4,457,561
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property7.21103$4,636,797
 11. All Other Real Estate Loans/Lines of Credit0.000$0
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured3.751$432,926
 13. Commercial Loans/Lines of Credit Not Real Estate Secured0.000$0
 14. TOTAL LOANS & LEASES6,966$73,756,701
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date5,076$30,012,352
  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 Staff11$117,947
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