Credit Unions Near Me
National Credit Union Service Organization

NUTMEG STATE FINANCIAL 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 NUTMEG STATE FINANCIAL CREDIT UNION as of: December 31, 2023.
Charter Number: 68657

ASSETS$ Amount
CASH:  
 1. Cash on Hand 4,571,851
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 43,295,406
 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 38,457,940
 7. Held-to-Maturity Debt Securities 400,000
 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 446,833,817
 17. Less: Allowance for Loan & Lease Losses 0
 18: Less: Allowance for Credit Losses on Loans & Leases 1,978,033
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 0
 20. Land and Building 5,770,526
 21. Other Fixed Assets 9,291,953
 22. NCUA Share Insurance Capitalization Deposit 4,463,228
 23. Intangible Assets 0
 24. Other Assets 0
25. TOTAL ASSETS 584,719,438
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 15,000,000
 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 15,000,000
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 0
 9. Accounts Payable and Other Liabilities 14,322,246
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 240,650
SHARES/DEPOSITS:  
 11. Share Drafts 84,446,344
 12. Regular Shares 121,953,796
 13. Money Market Shares 78,941,295
 14. Share Certificates 169,665,644
 15. IRA/KEOGH Accounts 23,966,752
 16. All Other Shares 4,135,738
 17. TOTAL SHARES 483,109,569
 18. Nonmember Deposits 0
 19. TOTAL SHARES AND DEPOSITS 483,109,569
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 6,701
 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) 109,940,873
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 9,472,916
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 22,706,931
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 332,003
EQUITY:  
 33. Undivided Earnings 66,025,481
 34. Regular Reserves 0
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 6,134,482
 37. Equity Acquired in Merger 6,093,380
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -6,206,370
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 584,719,438
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 21,617,920
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 3,290,189
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 24,908,109
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 5,467,661
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 246,833
 9. TOTAL INTEREST EXPENSE 5,714,494
 10. Provision for Loan & Lease Losses 0
 11. Total Credit Loss Expense 853,123
 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 7,252,001
 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 -2,476
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) -263,571
 21. TOTAL NON-INTEREST INCOME 9,178,165
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 13,057,249
 23. Travel and Conference Expense 536,716
 24. Office Occupancy Expense 2,297,637
 25. Office Operations Expense 1,999,452
 26. Educational and Promotional Expenses 669,006
 27. Loan Servicing Expense 1,530,461
 28. Professional and Outside Services 1,044,116
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 27,840
 31. Miscellaneous Operating Expenses 4,312,345
 32. TOTAL NON-INTEREST EXPENSE 25,474,822
33. NET INCOME (LOSS) 2,043,835
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 Loans12.957,116$13,612,577
 2. Payday Alternative Loans (PALs I and PALs II)0.000$0
 3. Non-Federally Guaranteed Student Loans10.00888$3,107,608
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans13.502,470$21,314,783
 5. New Vehicle Loans4.50758$23,722,513
 6. Used Vehicle Loans6.004,982$77,017,452
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit6.50189$2,307,743
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property7.25983$145,804,507
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property8.51,878$86,129,573
 11. All Other Real Estate Loans/Lines of Credit0.000$0
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured7.13108$66,957,984
 13. Commercial Loans/Lines of Credit Not Real Estate Secured11.2569$6,859,077
 14. TOTAL LOANS & LEASES19,441$446,833,817
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date4,387$135,939,869
  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 Staff32$2,980,818
GOVERNMENT GUARANTEED LOANSNumberOutstanding BalanceGuaranteed Portion
 18. Non-Commercial Loans  
  a. 1. Small Business Administration3$357,381$357,381
  a. 2. Paycheck Protection Program Loans (Included in 18.a.1.)3$357,381-
  b. Other Government Guaranteed0$0$0
 19. Commercial Loans  
  a. Small Business Administration7$1,113,664$718,662
  b. Other Government Guaranteed0$0$0