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National Credit Union Service Organization

COOSA VALLEY 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 COOSA VALLEY CREDIT UNION as of: December 31, 2023.
Charter Number: 68683

ASSETS$ Amount
CASH:  
 1. Cash on Hand 17,670,115
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 22,283,574
 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 56,064,994
 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 522,074
 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 477,333,008
 17. Less: Allowance for Loan & Lease Losses 0
 18: Less: Allowance for Credit Losses on Loans & Leases 3,843,023
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 2,006,057
 20. Land and Building 25,060,888
 21. Other Fixed Assets 8,557,930
 22. NCUA Share Insurance Capitalization Deposit 5,420,243
 23. Intangible Assets 0
 24. Other Assets 0
25. TOTAL ASSETS 634,661,475
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 0
 2. Other Notes, Promissory Notes and Interest Payable 0
 3. Borrowing Repurchase Transactions 0
 4. Subordinated Debt 7,500,000
 5. Subordinated Debt included in Net Worth 7,500,000
 6. TOTALS 7,500,000
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 0
 9. Accounts Payable and Other Liabilities 11,261,271
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 52,209
SHARES/DEPOSITS:  
 11. Share Drafts 138,439,839
 12. Regular Shares 248,219,942
 13. Money Market Shares 32,081,078
 14. Share Certificates 93,816,149
 15. IRA/KEOGH Accounts 19,781,585
 16. All Other Shares 281,211
 17. TOTAL SHARES 532,619,804
 18. Nonmember Deposits 32,795,001
 19. TOTAL SHARES AND DEPOSITS 565,414,805
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 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) 93,816,039
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 7,589,423
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 22,364,474
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 117,313
EQUITY:  
 33. Undivided Earnings 44,869,061
 34. Regular Reserves 0
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 8,968,303
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -3,404,174
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 634,661,475
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 27,468,540
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 2,290,433
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 29,758,973
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 4,766,899
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 413,181
 9. TOTAL INTEREST EXPENSE 5,180,080
 10. Provision for Loan & Lease Losses 0
 11. Total Credit Loss Expense 4,092,383
 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 10,495,131
 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 -568,334
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 0
 21. TOTAL NON-INTEREST INCOME 12,787,302
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 13,100,903
 23. Travel and Conference Expense 293,637
 24. Office Occupancy Expense 1,600,125
 25. Office Operations Expense 3,844,240
 26. Educational and Promotional Expenses 1,402,298
 27. Loan Servicing Expense 1,079,799
 28. Professional and Outside Services 5,540,496
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 60,103
 31. Miscellaneous Operating Expenses 258,310
 32. TOTAL NON-INTEREST EXPENSE 27,179,911
33. NET INCOME (LOSS) 6,093,901
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 loans11.996,347$22,009,407
 5. New Vehicle Loans5.252,705$88,411,215
 6. Used Vehicle Loans5.2511,160$200,237,119
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit9.501,309$20,404,135
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property8.00518$79,301,367
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property10666$30,602,258
 11. All Other Real Estate Loans/Lines of Credit13.0049$1,616,157
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured6.00106$28,680,298
 13. Commercial Loans/Lines of Credit Not Real Estate Secured7.00179$6,071,052
 14. TOTAL LOANS & LEASES23,039$477,333,008
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date9,060$212,712,538
  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 Staff42$5,861,164
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 Administration2$3,345,526$2,509,144
  b. Other Government Guaranteed0$0$0