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National Credit Union Service Organization

MERIWEST 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 MERIWEST CREDIT UNION as of: December 31, 2023.
Charter Number: 68394

ASSETS$ Amount
CASH:  
 1. Cash on Hand 12,504,768
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 62,848,894
 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 297,214,416
 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 2,963,105
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 1,744,188,411
 17. Less: Allowance for Loan & Lease Losses 0
 18: Less: Allowance for Credit Losses on Loans & Leases 12,214,114
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 566,992
 20. Land and Building 3,418,307
 21. Other Fixed Assets 1,707,373
 22. NCUA Share Insurance Capitalization Deposit 15,502,402
 23. Intangible Assets 0
 24. Other Assets 0
25. TOTAL ASSETS 2,193,062,292
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 255,041,684
 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 255,041,684
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 556,117
 9. Accounts Payable and Other Liabilities 24,285,283
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 390,000
SHARES/DEPOSITS:  
 11. Share Drafts 409,163,020
 12. Regular Shares 438,830,973
 13. Money Market Shares 268,145,153
 14. Share Certificates 569,077,559
 15. IRA/KEOGH Accounts 26,593,597
 16. All Other Shares 0
 17. TOTAL SHARES 1,711,810,302
 18. Nonmember Deposits 45,000,000
 19. TOTAL SHARES AND DEPOSITS 1,756,810,302
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 0
 22. Accounts Held by Nonmember Public Units 45,000,000
 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) 360,022,521
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 4,984,783
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 57,239,535
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 84,976
EQUITY:  
 33. Undivided Earnings 164,861,783
 34. Regular Reserves 0
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 24,133,350
 37. Equity Acquired in Merger 0
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) -8,530,626
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 1,721,578
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -26,207,179
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 2,193,062,292
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 77,653,502
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 13,592,856
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 91,246,358
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 24,398,817
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 2,231,157
 8. Interest on Borrowed Money 10,517,045
 9. TOTAL INTEREST EXPENSE 37,147,019
 10. Provision for Loan & Lease Losses 0
 11. Total Credit Loss Expense 9,579,693
 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 4,432,679
 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 5,634,877
 18. Gain (Loss) on Disposition of Fixed Assets 0
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 118,886
 21. TOTAL NON-INTEREST INCOME 9,833,222
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 32,607,436
 23. Travel and Conference Expense 292,202
 24. Office Occupancy Expense 2,604,485
 25. Office Operations Expense 11,001,820
 26. Educational and Promotional Expenses 1,657,104
 27. Loan Servicing Expense 1,278,977
 28. Professional and Outside Services 2,014,980
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 252,852
 31. Miscellaneous Operating Expenses 143,903
 32. TOTAL NON-INTEREST EXPENSE 51,853,759
33. NET INCOME (LOSS) 2,499,109
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 Loans0.000$0
 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 loans10.015,291$35,022,154
 5. New Vehicle Loans4.793,492$88,154,327
 6. Used Vehicle Loans5.539,297$148,197,335
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit3.204,150$117,733,691
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property3.441,146$743,815,423
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property7.242,558$289,816,214
 11. All Other Real Estate Loans/Lines of Credit0.000$0
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured4.40166$299,998,606
 13. Commercial Loans/Lines of Credit Not Real Estate Secured2.9229$21,450,661
 14. TOTAL LOANS & LEASES26,129$1,744,188,411
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date4,476$240,213,913
  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 Staff17$6,929,599
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 Administration9$10,367,264$10,367,264
  b. Other Government Guaranteed17$11,027,593$11,027,593