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National Credit Union Service Organization

TECHNOLOGY 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 TECHNOLOGY CREDIT UNION as of: June 30, 2023.
Charter Number: 68383

ASSETS$ Amount
CASH:  
 1. Cash on Hand 12,643,038
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 152,631,208
 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 708,331,080
 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 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 3,428,779,645
 17. Less: Allowance for Loan & Lease Losses 28,488,611
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 0
 20. Land and Building 13,408,032
 21. Other Fixed Assets 12,918,967
 22. NCUA Share Insurance Capitalization Deposit 24,842,433
 23. Intangible Assets 0
 24. Other Assets 0
25. TOTAL ASSETS 4,387,763,390
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 0
 2. Other Notes, Promissory Notes and Interest Payable 305,000,000
 3. Borrowing Repurchase Transactions 0
 4. Subordinated Debt 0
 5. Subordinated Debt included in Net Worth 0
 6. TOTALS 305,000,000
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 1,445,054
 9. Accounts Payable and Other Liabilities 45,694,128
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 147,608,887
 12. Regular Shares 1,415,349,879
 13. Money Market Shares 1,214,739,764
 14. Share Certificates 503,028,216
 15. IRA/KEOGH Accounts 49,431,638
 16. All Other Shares 10,721,543
 17. TOTAL SHARES 3,340,879,927
 18. Nonmember Deposits 318,807,577
 19. TOTAL SHARES AND DEPOSITS 3,659,687,504
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 16,592,050
 22. Accounts Held by Nonmember Public Units 318,470,338
 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) 624,011,545
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 18,518,323
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 716,645,314
 31. Dollar Amount of Commercial Share Accounts 222,883,226
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 87,745
EQUITY:  
 33. Undivided Earnings 424,293,712
 34. Regular Reserves 0
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 13,608,735
 37. Equity Acquired in Merger 1,518,707
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -108,098,379
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 44,613,929
44. TOTAL LIABILITIES, SHARES, AND EQUITY 4,387,763,390
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 108,848,817
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 14,107,366
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 122,956,183
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 14,699,544
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 6,404,075
 9. TOTAL INTEREST EXPENSE 21,103,619
 10. Provision for Loan & Lease Losses 8,884,839
 11. Total Credit Loss Expense 0
 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 3,213,227
 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 -6,003
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 263,251
 21. TOTAL NON-INTEREST INCOME 13,830,459
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 35,647,648
 23. Travel and Conference Expense 200,926
 24. Office Occupancy Expense 3,336,569
 25. Office Operations Expense 9,335,127
 26. Educational and Promotional Expenses 3,467,656
 27. Loan Servicing Expense 3,904,557
 28. Professional and Outside Services 5,702,242
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 293,847
 31. Miscellaneous Operating Expenses 295,683
 32. TOTAL NON-INTEREST EXPENSE 62,184,255
33. NET INCOME (LOSS) 44,613,929
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 Loans12.153,761$2,969,134
 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 loans11.003,860$8,957,638
 5. New Vehicle Loans2.993,870$98,654,561
 6. Used Vehicle Loans3.493,046$51,510,461
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit0.9979,488$1,845,359,464
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property4.501,734$1,002,389,904
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property5.53,984$248,211,632
 11. All Other Real Estate Loans/Lines of Credit6.751$12,144
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured4.7577$131,370,587
 13. Commercial Loans/Lines of Credit Not Real Estate Secured10.0560$39,344,120
 14. TOTAL LOANS & LEASES99,881$3,428,779,645
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date23,886$1,480,579,116
  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 Staff29$4,492,053
GOVERNMENT GUARANTEED LOANSNumberOutstanding BalanceGuaranteed Portion
 18. Non-Commercial Loans  
  a. 1. Small Business Administration2$1,094,711$1,094,711
  a. 2. Paycheck Protection Program Loans (Included in 18.a.1.)2$1,094,711-
  b. Other Government Guaranteed0$0$0
 19. Commercial Loans  
  a. Small Business Administration24$6,504,025$3,881,427
  b. Other Government Guaranteed2$6,383,969$3,836,488
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