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National Credit Union Service Organization

1ST COMMUNITY FEDERAL 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 1ST COMMUNITY FEDERAL CREDIT UNION as of: December 31, 2023.
Charter Number: 8715

ASSETS$ Amount
CASH:  
 1. Cash on Hand 3,668,869
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 17,179,492
 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 31,922,309
 7. Held-to-Maturity Debt Securities 1,240,000
 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 422,712
 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 284,016,672
 17. Less: Allowance for Loan & Lease Losses 0
 18: Less: Allowance for Credit Losses on Loans & Leases 6,202,870
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 905,867
 20. Land and Building 9,187,681
 21. Other Fixed Assets 1,202,940
 22. NCUA Share Insurance Capitalization Deposit 3,053,397
 23. Intangible Assets 0
 24. Other Assets 0
25. TOTAL ASSETS 382,432,591
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 5,000,000
 2. Other Notes, Promissory Notes and Interest Payable 0
 3. Borrowing Repurchase Transactions 0
 4. Subordinated Debt 10,000,000
 5. Subordinated Debt included in Net Worth 10,000,000
 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 7,171,947
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 79,230,306
 12. Regular Shares 135,366,172
 13. Money Market Shares 22,395,868
 14. Share Certificates 69,261,466
 15. IRA/KEOGH Accounts 11,385,231
 16. All Other Shares 9,610,008
 17. TOTAL SHARES 327,249,050
 18. Nonmember Deposits 0
 19. TOTAL SHARES AND DEPOSITS 327,249,050
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 1,202,412
 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) 43,204,804
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 4,586,265
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 3,417,231
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 193,864
EQUITY:  
 33. Undivided Earnings 36,902,072
 34. Regular Reserves 0
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 276,622
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -4,167,100
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 382,432,591
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 15,076,270
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 1,394,900
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 16,471,170
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 1,983,413
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 500,143
 9. TOTAL INTEREST EXPENSE 2,483,556
 10. Provision for Loan & Lease Losses 0
 11. Total Credit Loss Expense 2,770,000
 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 2,882,113
 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 47,425
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 0
 21. TOTAL NON-INTEREST INCOME 6,714,924
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 6,451,061
 23. Travel and Conference Expense 92,245
 24. Office Occupancy Expense 860,484
 25. Office Operations Expense 1,166,922
 26. Educational and Promotional Expenses 840,919
 27. Loan Servicing Expense 2,081,259
 28. Professional and Outside Services 2,137,681
 29. Total Member Insurance 9,476
 30. Operating Fees (Examination and/or supervision fees) 59,410
 31. Miscellaneous Operating Expenses 138,667
 32. TOTAL NON-INTEREST EXPENSE 13,838,124
33. NET INCOME (LOSS) 4,094,414
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 Loans10.633,403$5,541,929
 2. Payday Alternative Loans (PALs I and PALs II)0.000$0
 3. Non-Federally Guaranteed Student Loans8.00352$10,783,985
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans10.623,462$7,360,710
 5. New Vehicle Loans6.652,275$81,980,669
 6. Used Vehicle Loans6.843,333$71,435,133
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit6.94768$18,235,509
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property5.18576$37,679,765
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property7.5680$4,530,280
 11. All Other Real Estate Loans/Lines of Credit6.0022$1,111,646
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured5.7550$25,190,891
 13. Commercial Loans/Lines of Credit Not Real Estate Secured5.5047$20,166,155
 14. TOTAL LOANS & LEASES14,368$284,016,672
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date4,439$143,451,123
  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$976,940
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 Administration4$4,409,346$3,452,413
  b. Other Government Guaranteed0$0$0