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National Credit Union Service Organization

CONNEX 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 CONNEX CREDIT UNION as of: September 30, 2022.
Charter Number: 68511

ASSETS$ Amount
CASH:  
 1. Cash on Hand 5,035,036
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 13,719,827
 3. Cash Equivalents (Investments with Original Maturities of Three Months or Less) 0
INVESTMENTS:  
 4. Equity Securities 10,476,184
 5. Trading Debut Securities 0
 6. Available-for-Sale Debt Securities 34,597,151
 7. Held-to-Maturity Debt Securities 20,937,552
 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 2,000
 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 824,653,863
 17. Less: Allowance for Loan & Lease Losses 4,849,290
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 0
 20. Land and Building 7,257,439
 21. Other Fixed Assets 1,320,259
 22. NCUA Share Insurance Capitalization Deposit 6,324,352
 23. Intangible Assets 0
 24. Other Assets 0
25. TOTAL ASSETS 932,666,985
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 40,000,000
 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 40,000,000
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 321,713
 9. Accounts Payable and Other Liabilities 6,822,431
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 124,916,988
 12. Regular Shares 212,476,438
 13. Money Market Shares 213,874,491
 14. Share Certificates 152,341,974
 15. IRA/KEOGH Accounts 21,836,203
 16. All Other Shares 12,526,253
 17. TOTAL SHARES 737,972,347
 18. Nonmember Deposits 68,202,802
 19. TOTAL SHARES AND DEPOSITS 806,175,149
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 20,095,794
 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) 176,905,864
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 8,486,165
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 2,646,106
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 145,220
EQUITY:  
 33. Undivided Earnings 77,752,105
 34. Regular Reserves 0
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 5,626,342
 37. Equity Acquired in Merger 641,878
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -4,672,633
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 932,666,985
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 19,196,520
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 1,163,565
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 20,360,085
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 2,324,525
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 356,753
 9. TOTAL INTEREST EXPENSE 2,681,278
 10. Provision for Loan & Lease Losses 626,574
 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 4,029,045
 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 2,819,392
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 8,795,490
 23. Travel and Conference Expense 58,978
 24. Office Occupancy Expense 970,191
 25. Office Operations Expense 3,607,751
 26. Educational and Promotional Expenses 783,137
 27. Loan Servicing Expense 570,417
 28. Professional and Outside Services 303,990
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 40,312
 31. Miscellaneous Operating Expenses 432,301
 32. TOTAL NON-INTEREST EXPENSE 15,562,567
33. NET INCOME (LOSS) 4,309,058
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 Loans7.14123$4,089,281
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans7.743,991$11,089,498
 5. New Vehicle Loans2.999,159$235,005,065
 6. Used Vehicle Loans3.2916,845$196,340,650
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit7.6866$4,125,524
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property6.251,920$322,108,077
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property5.38686$18,386,245
 11. All Other Real Estate Loans/Lines of Credit5.061,190$33,376,185
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured0.000$0
 13. Commercial Loans/Lines of Credit Not Real Estate Secured4.752$133,338
 14. TOTAL LOANS & LEASES33,982$824,653,863
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date8,504$292,949,029
  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 Staff9$654,300
GOVERNMENT GUARANTEED LOANSNumberOutstanding BalanceGuaranteed Portion
 18. Non-Commercial Loans  
  a. 1. Small Business Administration2$838,056$838,056
  a. 2. Paycheck Protection Program Loans (Included in 18.a.1.)0$0-
  b. Other Government Guaranteed10$2,848,893$2,848,893
 19. Commercial Loans  
  a. Small Business Administration0$0$0
  b. Other Government Guaranteed0$0$0