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National Credit Union Service Organization

ST. CLOUD 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 ST. CLOUD FINANCIAL CREDIT UNION as of: December 31, 2023.
Charter Number: 68697

ASSETS$ Amount
CASH:  
 1. Cash on Hand 3,036,888
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 9,214,176
 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 25,230,352
 7. Held-to-Maturity Debt Securities 1,250,000
 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 233,237
 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 788,825
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 282,277,705
 17. Less: Allowance for Loan & Lease Losses 0
 18: Less: Allowance for Credit Losses on Loans & Leases 1,292,000
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 0
 20. Land and Building 5,861,078
 21. Other Fixed Assets 1,122,089
 22. NCUA Share Insurance Capitalization Deposit 2,954,490
 23. Intangible Assets 0
 24. Other Assets 0
25. TOTAL ASSETS 346,848,374
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 8,000,000
 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 8,000,000
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 0
 9. Accounts Payable and Other Liabilities 3,581,783
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 10,500
SHARES/DEPOSITS:  
 11. Share Drafts 66,296,224
 12. Regular Shares 106,305,890
 13. Money Market Shares 41,106,584
 14. Share Certificates 88,271,570
 15. IRA/KEOGH Accounts 8,152,448
 16. All Other Shares 1,584,836
 17. TOTAL SHARES 311,717,551
 18. Nonmember Deposits 0
 19. TOTAL SHARES AND DEPOSITS 311,717,551
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 88,483
 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) 36,635,929
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 1,502,403
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 13,854,627
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 46,032
EQUITY:  
 33. Undivided Earnings 22,476,375
 34. Regular Reserves 0
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 3,654,010
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -2,591,845
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 346,848,374
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 12,042,034
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 1,333,539
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 13,375,573
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 3,375,021
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 373,655
 9. TOTAL INTEREST EXPENSE 3,748,676
 10. Provision for Loan & Lease Losses 0
 11. Total Credit Loss Expense 616,678
 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 1,879,695
 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 111,785
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) -2,261
 21. TOTAL NON-INTEREST INCOME 5,284,526
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 5,987,059
 23. Travel and Conference Expense 158,539
 24. Office Occupancy Expense 909,108
 25. Office Operations Expense 1,041,554
 26. Educational and Promotional Expenses 361,356
 27. Loan Servicing Expense 217,561
 28. Professional and Outside Services 3,232,975
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 14,406
 31. Miscellaneous Operating Expenses 83,365
 32. TOTAL NON-INTEREST EXPENSE 12,005,923
33. NET INCOME (LOSS) 2,288,822
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 Loans9.99823$1,145,681
 2. Payday Alternative Loans (PALs I and PALs II)0.000$0
 3. Non-Federally Guaranteed Student Loans7.53317$1,761,159
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans11.193,670$4,338,429
 5. New Vehicle Loans6.07709$19,900,192
 6. Used Vehicle Loans7.746,972$79,449,648
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit6.992,270$39,571,358
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property6.00767$88,601,742
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property7.49563$18,208,318
 11. All Other Real Estate Loans/Lines of Credit0.000$0
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured6.3039$23,963,330
 13. Commercial Loans/Lines of Credit Not Real Estate Secured10.7514$5,337,849
 14. TOTAL LOANS & LEASES16,144$282,277,706
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date3,147$112,302,533
  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 Staff0$0
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 Administration5$1,908,078$536,077
  b. Other Government Guaranteed0$0$0