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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: March 31, 2022.
Charter Number: 68511

ASSETS$ Amount
CASH:  
 1. Cash on Hand 6,565,725
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 41,071,083
 3. Cash Equivalents (Investments with Original Maturities of Three Months or Less) 0
INVESTMENTS:  
 4. Equity Securities 12,191,090
 5. Trading Debut Securities 0
 6. Available-for-Sale Debt Securities 35,338,379
 7. Held-to-Maturity Debt Securities 21,911,341
 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 728,534,595
 17. Less: Allowance for Loan & Lease Losses 4,650,680
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 0
 20. Land and Building 7,303,184
 21. Other Fixed Assets 1,788,446
 22. NCUA Share Insurance Capitalization Deposit 5,942,939
 23. Intangible Assets 0
 24. Other Assets 0
25. TOTAL ASSETS 868,593,338
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 20,000,000
 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 20,000,000
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 224,068
 9. Accounts Payable and Other Liabilities 5,657,148
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 127,801,710
 12. Regular Shares 216,473,140
 13. Money Market Shares 231,241,515
 14. Share Certificates 108,881,323
 15. IRA/KEOGH Accounts 20,838,303
 16. All Other Shares 12,086,078
 17. TOTAL SHARES 717,322,069
 18. Nonmember Deposits 45,735,940
 19. TOTAL SHARES AND DEPOSITS 763,058,009
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 18,005,282
 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) 120,872,924
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 7,695,045
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 2,286,693
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 166,280
EQUITY:  
 33. Undivided Earnings 75,007,586
 34. Regular Reserves 0
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 5,626,342
 37. Equity Acquired in Merger 641,878
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -1,621,693
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 868,593,338
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 5,958,014
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 310,450
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 6,268,464
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 665,458
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 13,750
 9. TOTAL INTEREST EXPENSE 679,208
 10. Provision for Loan & Lease Losses 150,543
 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 1,439,107
 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 1,144,411
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 2,765,894
 23. Travel and Conference Expense 13,036
 24. Office Occupancy Expense 368,366
 25. Office Operations Expense 1,198,052
 26. Educational and Promotional Expenses 213,273
 27. Loan Servicing Expense 186,308
 28. Professional and Outside Services 122,034
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 20,156
 31. Miscellaneous Operating Expenses 131,466
 32. TOTAL NON-INTEREST EXPENSE 5,018,585
33. NET INCOME (LOSS) 1,564,539
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 Loans7.08121$4,126,119
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans5.494,015$10,799,366
 5. New Vehicle Loans1.995,712$127,949,347
 6. Used Vehicle Loans2.2918,139$222,088,970
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit6.7966$4,552,900
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property4.501,865$312,645,770
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property4.53432$15,263,066
 11. All Other Real Estate Loans/Lines of Credit4.041,163$30,871,050
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 Secured4.383$238,007
 14. TOTAL LOANS & LEASES31,516$728,534,595
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date2,287$84,555,432
  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$710,498
GOVERNMENT GUARANTEED LOANSNumberOutstanding BalanceGuaranteed Portion
 18. Non-Commercial Loans  
  a. 1. Small Business Administration2$858,987$858,987
  a. 2. Paycheck Protection Program Loans (Included in 18.a.1.)0$0-
  b. Other Government Guaranteed11$3,285,222$3,285,222
 19. Commercial Loans  
  a. Small Business Administration0$0$0
  b. Other Government Guaranteed0$0$0