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National Credit Union Service Organization

SEATTLE METROPOLITAN 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 SEATTLE METROPOLITAN CREDIT UNION as of: June 30, 2021.
Charter Number: 68315

ASSETS$ Amount
CASH:  
 1. Cash on Hand 2,462,106
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 115,720,075
 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 129,913,079
 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 244,995
 10. Nonperpetual Capital Account 0
 11. Perpetual Contributed Capital 1,482
 12. All other investments in corporate credit unions 0
 13. All other investments 1,151,700
 14. TOTAL INVESTMENTS 131,311,256
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 12,098,049
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 695,403,945
 17. Less: Allowance for Loan & Lease Losses 5,311,294
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 738,924
 20. Land and Building 0
 21. Other Fixed Assets 5,760,659
 22. NCUA Share Insurance Capitalization Deposit 7,712,786
 23. Intangible Assets 0
 24. Other Assets 46,046,509
25. TOTAL ASSETS 1,011,943,015
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 1,801
 9. Accounts Payable and Other Liabilities 15,457,082
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 242,376,896
 12. Regular Shares 287,989,766
 13. Money Market Shares 280,047,541
 14. Share Certificates 73,808,790
 15. IRA/KEOGH Accounts 28,619,013
 16. All Other Shares 0
 17. TOTAL SHARES 912,842,006
 18. Nonmember Deposits 3,234,000
 19. TOTAL SHARES AND DEPOSITS 916,076,006
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) 41,083,736
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 4,339,636
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 60,643,235
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 403,428
EQUITY:  
 33. Undivided Earnings 75,188,348
 34. Regular Reserves 5,201,500
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 528,260
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -509,982
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 1,011,943,015
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 13,757,766
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 536,155
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 14,293,921
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 1,162,417
 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 1,162,417
 10. Provision for Loan & Lease Losses 259,642
 11. Total Credit Loss Expense 0
 12. NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES or CREDIT LOSS EXPENSE 12,871,862
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 1,745,724
 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) 32,863
 21. TOTAL NON-INTEREST INCOME 6,628,213
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 8,175,499
 23. Travel and Conference Expense 12,494
 24. Office Occupancy Expense 2,009,280
 25. Office Operations Expense 2,652,248
 26. Educational and Promotional Expenses 265,088
 27. Loan Servicing Expense 1,210,649
 28. Professional and Outside Services 3,139,228
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 39,224
 31. Miscellaneous Operating Expenses 761,492
 32. TOTAL NON-INTEREST EXPENSE 18,265,202
33. NET INCOME (LOSS) 1,234,873
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 Loans10.958,157$27,397,704
 2. Payday Alternative Loans (PALs I and PALs II)0.000$0
 3. Non-Federally Guaranteed Student Loans4.8546$14,529
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans10.434,977$9,566,229
 5. New Vehicle Loans5.021,544$27,888,064
 6. Used Vehicle Loans6.655,914$92,349,339
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit4.833,554$128,048,125
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property4.87612$229,295,084
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property4.841,360$50,020,491
 11. All Other Real Estate Loans/Lines of Credit0.000$0
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured3.4852$98,851,884
 13. Commercial Loans/Lines of Credit Not Real Estate Secured4.45256$31,972,496
 14. TOTAL LOANS & LEASES26,472$695,403,945
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date15,681$208,773,497
  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 Staff10$1,295,145
GOVERNMENT GUARANTEED LOANSNumberOutstanding BalanceGuaranteed Portion
 18. Non-Commercial Loans  
  a. 1. Small Business Administration209$11,878,819$11,212,614
  a. 2. Paycheck Protection Program Loans (Included in 18.a.1.)0$0-
  b. Other Government Guaranteed207$9,213,997$9,213,997
 19. Commercial Loans  
  a. Small Business Administration16$19,351,422$9,556,679
  b. Other Government Guaranteed16$10,057,812$9,989,403