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National Credit Union Service Organization

UPWARD 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 UPWARD CREDIT UNION as of: December 31, 2021.
Charter Number: 65323

ASSETS$ Amount
CASH:  
 1. Cash on Hand 1,042,834
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 10,081,958
 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 25,561,000
 7. Held-to-Maturity Debt Securities 0
 8. Deposits in commercial banks, S&Ls, savings banks 17,426,000
 9. Loans to and investments in natural person credit unions 4,980,000
 10. Nonperpetual Capital Account 100,305
 11. Perpetual Contributed Capital 0
 12. All other investments in corporate credit unions 0
 13. All other investments 239,400
 14. TOTAL INVESTMENTS 48,306,705
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 0
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 39,958,005
 17. Less: Allowance for Loan & Lease Losses 68,943
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 0
 20. Land and Building 0
 21. Other Fixed Assets 199,988
 22. NCUA Share Insurance Capitalization Deposit 825,431
 23. Intangible Assets -35,419
 24. Other Assets 1,697,234
25. TOTAL ASSETS 102,007,793
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 477,913
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 17,518,811
 12. Regular Shares 50,255,204
 13. Money Market Shares 15,944,544
 14. Share Certificates 7,084,895
 15. IRA/KEOGH Accounts 2,177,153
 16. All Other Shares 0
 17. TOTAL SHARES 92,980,607
 18. Nonmember Deposits 0
 19. TOTAL SHARES AND DEPOSITS 92,980,607
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) 3,414,678
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 822,670
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 1,687,797
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 26,343
EQUITY:  
 33. Undivided Earnings 6,270,221
 34. Regular Reserves 593,857
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 1,964,400
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -279,205
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 102,007,793
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 1,817,521
 2. (Less) Interest Refunded 21
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 459,781
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 2,277,281
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 147,396
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 0
 9. TOTAL INTEREST EXPENSE 147,396
 10. Provision for Loan & Lease Losses -66,000
 11. Total Credit Loss Expense 0
 12. NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES or CREDIT LOSS EXPENSE 2,195,885
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 643,845
 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 739,220
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 1,543,127
 23. Travel and Conference Expense 46,652
 24. Office Occupancy Expense 212,471
 25. Office Operations Expense 512,203
 26. Educational and Promotional Expenses 85,644
 27. Loan Servicing Expense 94,328
 28. Professional and Outside Services 274,894
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 16,660
 31. Miscellaneous Operating Expenses 61,329
 32. TOTAL NON-INTEREST EXPENSE 2,847,308
33. NET INCOME (LOSS) 87,797
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 Loans9.901,075$1,388,931
 2. Payday Alternative Loans (PALs I and PALs II)0.000$0
 3. Non-Federally Guaranteed Student Loans5.1099$81,133
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans7.75457$1,742,916
 5. New Vehicle Loans3.95102$2,099,508
 6. Used Vehicle Loans3.95478$6,398,826
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit3.0529$195,683
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property4.2539$14,887,129
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property5128$7,739,661
 11. All Other Real Estate Loans/Lines of Credit0.000$0
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured4.1912$5,424,218
 13. Commercial Loans/Lines of Credit Not Real Estate Secured0.000$0
 14. TOTAL LOANS & LEASES2,419$39,958,005
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date433$18,914,622
  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 Staff16$57,832
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