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National Credit Union Service Organization

TRANSCEND 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 TRANSCEND CREDIT UNION as of: June 30, 2021.
Charter Number: 68666

ASSETS$ Amount
CASH:  
 1. Cash on Hand 3,368,216
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 90,802,376
 3. Cash Equivalents (Investments with Original Maturities of Three Months or Less) 0
INVESTMENTS:  
 4. Equity Securities 1,078,550
 5. Trading Debut Securities 0
 6. Available-for-Sale Debt Securities 11,848,935
 7. Held-to-Maturity Debt Securities 0
 8. Deposits in commercial banks, S&Ls, savings banks 43,148,000
 9. Loans to and investments in natural person credit unions 2,728,000
 10. Nonperpetual Capital Account 0
 11. Perpetual Contributed Capital 0
 12. All other investments in corporate credit unions 0
 13. All other investments 1,273,200
 14. TOTAL INVESTMENTS 60,076,685
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 236,470
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 305,528,231
 17. Less: Allowance for Loan & Lease Losses 709,789
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 0
 20. Land and Building 12,630,328
 21. Other Fixed Assets 1,397,249
 22. NCUA Share Insurance Capitalization Deposit 3,742,282
 23. Intangible Assets 0
 24. Other Assets 9,305,055
25. TOTAL ASSETS 486,377,103
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 0
 2. Other Notes, Promissory Notes and Interest Payable 10,182,102
 3. Borrowing Repurchase Transactions 0
 4. Subordinated Debt 0
 5. Subordinated Debt included in Net Worth 0
 6. TOTALS 10,182,102
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 437
 9. Accounts Payable and Other Liabilities 8,140,137
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 68,397,306
 12. Regular Shares 165,096,564
 13. Money Market Shares 38,002,547
 14. Share Certificates 107,745,801
 15. IRA/KEOGH Accounts 30,796,530
 16. All Other Shares 1,194,496
 17. TOTAL SHARES 411,233,244
 18. Nonmember Deposits 0
 19. TOTAL SHARES AND DEPOSITS 411,233,244
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 0
 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 1,194,496
 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) 61,339,705
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 17,266,835
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 71,331,441
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 116,144
EQUITY:  
 33. Undivided Earnings 52,886,456
 34. Regular Reserves 3,942,861
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 0
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -8,134
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 486,377,103
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 5,421,203
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 263,630
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 5,684,833
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 1,348,913
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 55,299
 9. TOTAL INTEREST EXPENSE 1,404,212
 10. Provision for Loan & Lease Losses -5,259
 11. Total Credit Loss Expense 0
 12. NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES or CREDIT LOSS EXPENSE 4,285,880
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 1,429,536
 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 5,748
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 207,538
 21. TOTAL NON-INTEREST INCOME 3,720,317
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 3,664,655
 23. Travel and Conference Expense 8,109
 24. Office Occupancy Expense 521,616
 25. Office Operations Expense 1,513,514
 26. Educational and Promotional Expenses 207,030
 27. Loan Servicing Expense 594,007
 28. Professional and Outside Services 163,066
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 16,200
 31. Miscellaneous Operating Expenses 53,956
 32. TOTAL NON-INTEREST EXPENSE 6,742,153
33. NET INCOME (LOSS) 1,264,044
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 Loans8.907,440$10,520,050
 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 loans6.991,707$3,382,511
 5. New Vehicle Loans2.644,672$107,435,486
 6. Used Vehicle Loans2.895,635$84,508,019
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit3.74480$2,459,867
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property3.25683$94,048,492
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property3170$3,103,191
 11. All Other Real Estate Loans/Lines of Credit0.000$0
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured4.751$70,615
 13. Commercial Loans/Lines of Credit Not Real Estate Secured0.000$0
 14. TOTAL LOANS & LEASES20,788$305,528,231
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date2,110$79,292,130
  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 Staff18$1,077,547
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 Administration0$0$0
  b. Other Government Guaranteed0$0$0