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National Credit Union Service Organization

BEACON 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 BEACON CREDIT UNION as of: December 31, 2021.
Charter Number: 82791

ASSETS$ Amount
CASH:  
 1. Cash on Hand 11,855,991
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 42,561,487
 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 440,207,675
 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 1,111,017
 10. Nonperpetual Capital Account 0
 11. Perpetual Contributed Capital 900,000
 12. All other investments in corporate credit unions 0
 13. All other investments 3,465,500
 14. TOTAL INVESTMENTS 445,684,192
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 0
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 909,476,208
 17. Less: Allowance for Loan & Lease Losses 3,743,884
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 0
 20. Land and Building 7,659,817
 21. Other Fixed Assets 1,788,076
 22. NCUA Share Insurance Capitalization Deposit 0
 23. Intangible Assets 18,810,763
 24. Other Assets 80,642,950
25. TOTAL ASSETS 1,514,735,600
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 0
 5. Subordinated Debt included in Net Worth 0
 6. TOTALS 0
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 1,814,882
 9. Accounts Payable and Other Liabilities 10,323,920
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 249,779,236
 12. Regular Shares 639,885,248
 13. Money Market Shares 0
 14. Share Certificates 348,255,059
 15. IRA/KEOGH Accounts 66,650,025
 16. All Other Shares 0
 17. TOTAL SHARES 1,304,569,568
 18. Nonmember Deposits 0
 19. TOTAL SHARES AND DEPOSITS 1,304,569,568
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 12,536,553
 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 4,438,167
 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) 206,357,450
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 24,079,702
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 183,173,710
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 33,437
EQUITY:  
 33. Undivided Earnings 129,677,268
 34. Regular Reserves 75,405,085
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 4,600,000
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) -9,155,679
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -2,499,444
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 1,514,735,600
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 32,846,058
 2. (Less) Interest Refunded 1,347,938
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 5,750,639
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 37,248,759
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 8,906,857
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 0
 9. TOTAL INTEREST EXPENSE 8,906,857
 10. Provision for Loan & Lease Losses 50,000
 11. Total Credit Loss Expense 0
 12. NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES or CREDIT LOSS EXPENSE 28,291,902
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 6,176,577
 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 -10,064
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 0
 21. TOTAL NON-INTEREST INCOME 9,894,622
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 20,032,420
 23. Travel and Conference Expense 309,199
 24. Office Occupancy Expense 2,289,990
 25. Office Operations Expense 4,946,345
 26. Educational and Promotional Expenses 836,602
 27. Loan Servicing Expense 279,955
 28. Professional and Outside Services 3,437,346
 29. Total Member Insurance 251,326
 30. Operating Fees (Examination and/or supervision fees) 97,005
 31. Miscellaneous Operating Expenses 359,125
 32. TOTAL NON-INTEREST EXPENSE 32,839,313
33. NET INCOME (LOSS) 5,347,211
RESERVE TRANSFERS YEAR-TO-DATE FOR THE CYCLE  
 34. Transfer to Regular Reserves 2,357,169
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 loans12.78962$1,114,033
 5. New Vehicle Loans2.74242$5,230,244
 6. Used Vehicle Loans3.352,498$33,959,918
 7. Leases Receivable4.422$282,395
 8. All Other Secured Non-Real Estate Loans/Lines of Credit4.36384$4,417,155
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property3.262,779$232,106,845
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property4.96828$11,496,883
 11. All Other Real Estate Loans/Lines of Credit0.000$0
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured3.871,403$509,242,812
 13. Commercial Loans/Lines of Credit Not Real Estate Secured3.221,162$111,625,923
 14. TOTAL LOANS & LEASES10,260$909,476,208
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date3,368$326,463,750
  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$3,239,219
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 Guaranteed454$91,408,027$82,267,225