12/312006

STATEMENT OF FINANCIAL CONDITION AS OF DECEMBER 31, 2006

(ROUND CENTS TO THE NEAREST WHOLE DOLLAR. DO NOT REPORT CENTS)

NAVY
Credit Union Name:________________________________________________________________ 5536
Federal Charter/Certificate Number: ______________________
This page must be completed by all credit unions
ASSETS
CASH:
Acct
Amount
Code
1. Cash on Hand (Coin and Currency)………………………..…..…………………..…………………………….. 730A $177,913,124
2. Cash on Deposit (Amounts Deposited in Financial Institutions) Amount

a. Cash on Deposit in Corporate Credit Unions………......………………….……..…… $210,001,135 730B1

b. Cash on Deposit in Other Financial Institutions…………....………..…………...…… $178,782,257 730B2
c. Total Cash on Deposit (Amounts Deposited in Financial Institutions)………………………………………….. 730B $388,783,392
3. Cash Equivalents (Investments with Original Maturities of Three Months or Less)……….………………….. 730C $1,984,996,574

INVESTMENTS: If your credit union reports amounts for items 4, 5, or 6 below, complete Schedule B - Investments, Supplemental Information.

A B C1 C2 D E
Acct Acct Acct Acct Acct Acct
<= 1 Year >1-3 Years >3-5 Years >5-10 Years > 10 Years TOTAL AMOUNT
Code Code Code Code Code Code

4. Trading Securities………….. $0 965A $0 965B $0 965C1 $0 965C2 $0 965D $0 965

5. Available for Sale Securities… $1,453,676 797A $1,443,055 797B $0 797C1 $0 797C2 $0 797D $2,896,731 797E

6. Held-to-Maturity Securities….. $1,321,321,860 796A $569,310,219 796B $26,268,189 796C1 $0 796C2 $0 796D $1,916,900,268 796E

7. Deposits in commercial banks,

$0 744A $0 744B $0 744C1 $0 744C2 $0 744D $0 744C
S&Ls, savings banks…………….
8. Loans to and investments in $0 672B $1,500,000
$1,500,000 672A $0 672C1 $0 672C2 $0 672D 672C
natural person credit unions …….
9. Membership capital at corporate
$22,688,737 769A1 $22,688,737 769A
credit unions………….
10. Paid-in capital at corporate credit
$0 769B1 $0 769B
unions……………………..
11. All other investments in corporate
$240,000,000 652A $142,660,499 652B $199,516,997 652C1 $0 652C2 $0 652D $582,177,496 652C
credit unions…………..

12. All other investments………. $0 766A $76,106,500 766B $0 766C1 $0 766C2 $1 766D $76,106,501 766E

13. TOTAL INVESTMENTS

$1,564,275,536 799A1 $812,209,010 799B $225,785,186 799C1 $0 799C2 $1 799D $2,602,269,733 799I
(Sum of Items 4-12)…….…
LOANS Held for Sale: See Instructions.
Amount Acct

14. Loans Held for Sale………………………………………………………………………………………………… …………………………………………………………………… $89,978,945 003

NCUA 5300 Page 1

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STATEMENT OF FINANCIAL CONDITION AS OF DECEMBER 31, 2006

This page must be completed by all credit unions

ASSETS -- CONTINUED

LOANS & LEASES: Participation loans purchased by the credit union should be reported in the appropriate category in this section. If your credit
union has any real estate loans or member business loans outstanding or has originated any real estate loans or member business loans during
the reporting period, complete Schedule A - Specialized Lending.

Interest Rate Acct Code Number of Loans Acct Code Amount Acct Code

15. Unsecured Credit Card Loans………...………………. 11.90 521 660,569 993 $2,648,229,076 396

16. All Other Unsecured Loans/Lines of Credit……...…… 11.00 522 424,777 994 $1,458,998,680 397

17. New Vehicle Loans…………...……………………….. 5.00 523 151,750 958 $2,650,451,416 385

18. Used Vehicle Loans………..……...…………………… 5.50 524 275,007 968 $2,664,840,476 370

19. Total 1st Mortgage Real Estate Loans/Lines of Credit 5.63 563 46,473 959 $6,746,322,540 703

20. Total Other Real Estate Loans/Lines of Credit ………. 6.50 562 112,039 960 $4,785,562,032 386

21. Leases Receivable………….....………………………. 6.50 565 4,825 954 $117,328,515 002

22. Total All Other Loans/Lines of Credit…………..……… 6.80 595 96,166 963 $669,757,370 698

23. TOTAL LOANS & LEASES (Sum of items 15-22)………………………...….……… 1,771,606 025A $21,741,490,105 025B

24. Less: Allowance for Loan & Lease Losses…………..…..…………………………...………...………………………. $176,326,282 719

Other Assets:

25. Foreclosed and Repossessed Assets Amount Acct Code

a. Real Estate………………………………………………………………………….... $7,676,590 798A1

b. Automobiles…………………………………………………………………………... $3,208,889 798A2

c. Other………………………………………………………………………………….. $0 798A3

d. Total Foreclosed and Repossessed Assets……………………………………… $10,885,479 798A Amount Acct Code

26. Land and Building………………………………….……………..……………………………...……....………………….. $203,284,376 007

27. Other Fixed Assets…………………………………………………………………………………………………...…….. $135,876,184 008

28. NCUA Share Insurance Capitalization Deposit……………………………………………………………………………. $173,056,587 794

29. Other Assets Acct Code

Amount
a. Accrued Interest on Loans……………………………….……...………………... $75,348,432 009A

b. Accrued Interest on Investments………………………….………………………. $26,762,493 009B

c. All Other Assets…………………….………………………………………………. $834,330,399 009C

d. Total Other Assets……….…......……………..……………………………………. $936,441,324 009

30. TOTAL ASSETS (Sum of items 1, 2c, 3, 13-14, 23, 24, 25d, 26-28, and 29d)……………………………..………… $28,268,649,541 010

Number Acct Code Amount Acct Code

31. Loans Granted Year-to-Date…………………………...……………………………. 573,666 031A $18,794,068,635 031B

32. Loans Outstanding to Credit Union Officials and Senior Executive Staff………… 299 995 $27,148,033 956

NCUA 5300 Page 2

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STATEMENT OF FINANCIAL CONDITION AS OF DECEMBER 31, 2006

This page must be completed by all credit unions
Acct Acct Acct Acct
A. < 1 Year B1. 1 - 3 Years B2. > 3 Years C. Total Amount
LIABILITIES: Code Code Code Code
1. Draws Against Lines of Credit ……….......…..…….…………… $103,000,000 883A $213,600,000 883B1 $819,100,000 883B2 $1,135,700,000 883C
2. Other Notes, Promissory Notes and Interest Payable……...….. $12,076,369 011A $1,169,343,108 011B1 $0 011B2 $1,181,419,477 011C

3. Borrowing Repurchase Transactions………………………..… $1,824,146,575 058A $0 058B1 $0 058B2 $1,824,146,575 058C

4. Subordinated Debt…………………...………………….…...….… $0 867A $0 867B1 $0 867B2 $0 867C

5. Uninsured Secondary Capital……………...…………………….. $0 925B1 $0 925B2 $0 925

6. TOTALS (each column)……………….…...…………....………… $1,939,222,944 860A $1,382,943,108 860B1 $819,100,000 860B2 $4,141,266,052 860C

7. Accrued Dividends & Interest Payable on Shares & Deposits……..……….....………………….………………… $355 820A

8. Accounts Payable and Other Liabilities……………….…………………..……………….………...…...…………… $308,668,346 825

Dividend Acct Number of Acct Acct Acct Acct Acct

A. < 1 Year B1. 1 - 3 Years B2. > 3 Years
SHARES/DEPOSITS: Rate Code Accounts Code Code Code Code C. Total Amount Code

9. Share Drafts…………………… 0.00 553 0 452 $0 902A $0 902

10. Regular Shares…………………… 1.40 552 5,587,326 454 $8,602,156,547 657A $8,602,156,547 657

11. Money Market Shares…………… 4.74 532 124,951 458 $3,061,374,271 911A $3,061,374,271 911

12. Share Certificates…………… 4.96 547 322,662 451 $2,305,309,827 908A $3,427,091,713 908B1 $835,333,727 908B2 $6,567,735,267 908C

13. IRA/KEOGH Accounts………… 4.86 554 256,551 453 $942,336,730 906A $1,017,789,646 906B1 $514,696,045 906B2 $2,474,822,421 906C

14. All Other Shares………………… 0.00 585 0 455 $0 630A $0 630B1 $0 630B2 $0 630

15. TOTAL SHARES……………… 6,291,490 966 $14,911,177,375 013A $4,444,881,359 013B1 $1,350,029,772 013B2 $20,706,088,506 013

16. Nonmember Deposits………… 0.00 599 0 457 $0 880A $0 880B1 $0 880B2 $0 880

17. TOTAL SHARES and DEPOSITS…………. 6,291,490 460 $14,911,177,375 018A $4,444,881,359 018B1 $1,350,029,772 018B2 $20,706,088,506 018

Additional Shares/ Deposits (Included in the Shares/Deposits Listed Above): Amount Acct
18. Accounts Held by Member Government Depositors………………………………………………………………….. $3,037,864 631
19. Accounts Held by Nonmember Government Depositors…………………………………………………………….. $0 632
20. Employee Benefit Member Shares………………………………………………………………………………...…… $0 633
21. Employee Benefit Nonmember Shares………………………………………………………………………………... $0 634
22. 529 Plan Member Deposits….………………………………………………………………………………………….. $0 635
23. Non-dollar denominated deposits…………………………………………………………………………………...…. $0 636
24. Health Savings Accounts…………………………………………………………………………………………….…. $0 637
25. Dollar Amount of Share Certificates = or > $100,000 (Excluding brokered share certificates participated
out by the broker in shares of less than $100,000)…………………………………………………………………..…. $1,758,187,835 638
26. Dollar Amount of IRA/Keogh Accounts = or > $100,000….……………………………………………………….... $369,473,945 639
27. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program $3,248,313,152 641

NCUA 5300 Page 3

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STATEMENT OF FINANCIAL CONDITION AS OF DECEMBER 31, 2006

This page must be completed by all credit unions

EQUITY: Amount Acct code

28. Undivided Earnings………………………………………………….……………………………………….. $50,000,000 940

29. Regular Reserves…………………………...…………………………...………………………………….. $349,808,576 931

30. Appropriation for Non-Conforming Investments (SCU ONLY)…….………………….……..… 668

31. Other Reserves.(Appropriations of Undivided Earnings)……………………………………………...... $2,712,920,975 658

32. Miscellaneous Equity ……….………....…………………….…………….……………………………….. $0 996

33. Accumulated Unrealized Gains (Losses) on Available for Sale Securities…………………………… ($103,269) 945

34. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges……....….…………………….. $0 945A

35. Other Comprehensive Income (unless already included in item 33 or 34)…………………………… $0 945B

36. Net Income (unless this amount is already included in Undivided Earnings)……..………………….. $0 602

37. TOTAL LIABILITIES, SHARES, AND EQUITY (Sum items 6-8,17, and 28-36) (Must equal line 30, P.2) $28,268,649,541 014

If the credit union has any unfunded commitments or loans sold or swapped with recourse complete Pg 9 - Liquidity, Commitments & Sources.

NCUA INSURED SAVINGS COMPUTATION

(ROUND CENTS TO THE NEAREST WHOLE DOLLAR. DO NOT REPORT CENTS)
This section must be completed by all credit unions

Shares and deposits as described in Part 745 of the NCUA Rules and Regulations, if they are authorized by state law, and issued to members (or
nonmembers in the case of low-income designated credit unions), other credit unions, or government depositors. Do not include notes payable or other
forms of borrowings.
(See instructions for the following line items) Amount Acct Code

A. Uninsured IRA and KEOGH Member Shares and Deposits. $68,832,372 065A

$0 065B
B. Uninsured Employee Benefit Member Shares and Deposits.
$0 065C
C. Uninsured Member 529 Plan Deposits.

$33,871 065D
D. Uninsured Member Accts Held by Government Depositors.

E. Other Uninsured Member Shares and Deposits. $2,796,122,640 065E

F. TOTAL UNINSURED MEMBER SHARES AND DEPOSITS (A+B+C+D+E)……….………………… $2,864,988,883 065

G. Uninsured Nonmember Employee Benefit Shares and Deposits. $0 067A

$0 067B
H. Uninsured Nonmember Accts Held by Government Depositors.

I. Other Uninsured NonMember Shares and Deposits. $0 067C

J. TOTAL UNINSURED NONMEMBER SHARES AND DEPOSITS (G+H+I)………………...………….. $0 067

K. TOTAL UNINSURED SHARES AND DEPOSITS (F+J)………………………………..…...………….. $2,864,988,883 068

L. TOTAL INSURED SHARES AND DEPOSITS (item 17 less item K)………………………...……… $17,841,099,623 069

NCUA 5300 Page 4

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STATEMENT OF INCOME AND EXPENSE

This page must be completed by all credit unions.

INTEREST INCOME YEAR-TO-DATE: JANUARY 1, 2006 TO DECEMBER 31, 2006 Amount Acct Code

1. Interest on Loans (Gross-before interest refunds)…..…..……………………….…………………... $1,325,654,376 110

2. (Less) Interest Refunded…………….…………...…………..…………………………………………… $0 119

3. Income from Investments (Including Interest and Dividends)…..………………...……………….…... $219,990,873 120

4. Trading Profits and Losses (Realized and Unrealized Gains/Losses)…………………………..……. $0 124

5. TOTAL INTEREST INCOME (Sum of items 1-4)………...………………...………………………………. $1,545,645,249 115

INTEREST EXPENSE YEAR-TO-DATE: JANUARY 1, 2006 TO DECEMBER 31, 2006

6. Dividends on Shares (Includes dividends earned during current period)……………………...…... $552,227,741 380

7. Interest on Deposits (Total interest expense for deposit accounts) (SCU ONLY) …………… 381

8. Interest on Borrowed Money……………………………………...……………………..………………. $176,348,672 340

9. TOTAL INTEREST EXPENSE (Sum of items 6-8)………………………….………………………….... $728,576,413 350

10. Provision for Loan & Lease Losses…………………….……...………………………………………… $120,567,340 300

11. NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES

(Item 5 less item 9 less item 10)……………………………..…………………………………......…… $696,501,496 116

NON-INTEREST INCOME YEAR-TO-DATE: JANUARY 1, 2006 TO DECEMBER 31, 2006

12. Fee Income…………………………………………………………………………..……………………… $150,532,051 131

13. Other Operating Income (Include unconsolidated CUSO Income)…………………………...…………. $251,728,934 659

14. Gain (Loss) on Investments (DO NOT include Gain or Loss on Trading Securities)…………………. $0 420

15. Gain (Loss) on Disposition of Fixed Assets……………………………………….…………………… $84,790 430

16. Other Non-operating Income (Expense)……………………………………..………………………….. $0 440

17. TOTAL NON-INTEREST INCOME (Sum of items 12-16)…………………………..……………………. $402,345,775 117

NON-INTEREST EXPENSE YEAR-TO-DATE: JANUARY 1, 2006 TO DECEMBER 31, 2006

18. Total Employee Compensation and Benefits……………………………….…………………………… $337,220,609 210

19. Travel and Conference Expense………………………………………….…………………………….. $3,988,099 230

20. Office Occupancy Expense…………………………..………………………………………………….. $36,571,551 250

21. Office Operations Expense……………………………………..………………………………………… $118,417,537 260

22. Educational and Promotional Expenses……………………………...…………………………………... $11,638,845 270

23. Loan Servicing Expense………………………………………..…………………………………………. $120,213,480 280

24. Professional and Outside Services……………………………...……………………………………….. $34,832,097 290

25. Member Insurance…………..…………………………………...………………………………………… $5,206,004 310

26. Operating Fees (Examination and/or supervision fees)………………………..………………………. $644,765 320

27. Miscellaneous Operating Expenses………………………………….…………………………………... $46,945,268 360

28. TOTAL NON-INTEREST EXPENSE (Sum of items 18-27)………………………….……………………. $715,678,255 671

29. NET INCOME (LOSS) (line 11 plus line 17 less line 28)…………………………...…………………… $383,169,016 661A

RESERVE TRANSFERS YEAR-TO-DATE: JANUARY 1, 2006 TO DECEMBER 31, 2006

30. Transfer to Regular Reserves……………………………….…………………………………………. $0 393

NCUA 5300 Page 5

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MISCELLANEOUS INFORMATION
This page must be completed by all credit unions

Acct Code
1. Indicate in the box at the right the number of the description below that best characterizes the last audit performed of your
1 064
credit union’s records

1 = Financial statement audit performed by state licensed persons

2 = Balance sheet audit performed by state licensed persons
3 = Examinations of internal controls over call reporting performed by state licensed persons
4 = Supervisory Committee audit performed by state licensed persons
5 = Supervisory Committee audit performed by other external auditors
6 = Supervisory Committee audit performed by the supervisory committee or designated staff

Effective date of last audit………………………….…………………………...……………………………… 12/2005 063

2. Effective date of the most recent Supervisory Committee verification of Members' accounts………….…... 12/2005 603

3. Does your credit union maintain share/deposit insurance coverage in addition to the NCUSIF? No 875
(Do not include Life Savings and Borrowers' Protection Insurance or Surety Bond Coverage.)

If so, indicate the name of the insurance company…. 876

Dollar amount of shares and/or deposits insured by the company named above……… $0 877

4. Number of current members (not number of accounts)……………………………………………………. 2,823,613 083

5. Number of potential members……………………………………………………………………………...…. 4,751,700 084

6. Number of credit union employees who are:

a. Full-Time (26 hours or more per week)………………………………………………………………….. 4,917 564A

b. Part-Time (25 hours or less per week)……………………………………………………………….…. 730 564B

7. Programs or service offerings: (Check all that apply)

a. Indirect Lending…………… No 879A k. Investment Pilot Program…………….. Yes 879K

b. Participation Loans……... No 879B l. Investments not authorized by

the FCU Act (SCU Only)……………….. No 879L

c. Real Estate Loans…………….. Yes 879C m. Deposits and Shares Meeting 703.10(a) Yes 879M

d. Member Business Loans……… Yes 879D n. Brokered Certificates of Deposit……… No 879N

If a -d above are checked, complete schedule A - If k - n above are checked, complete Schedule B -

Specialized Lending Investments

e. Risk Based Loans……………… Yes 879E o. Overdraft Protection…………….. No 879O

f. Direct Financing Leases…………. Yes 879F p. Overdraft Lines of Credit………………. Yes 879P

g. Mortgage Processing………….. No 879G q. ATM / Debit Card Program………………….… Yes 879Q

h. Approved Mortgage Seller…….. Yes 879H r. Int Only or Pymt Option 1st Mortgage Loans Yes 879R

i. Debt Cancellation/Suspension……. Yes 879I s. Insurance/Investment Sales……………..….. Yes 879S

j. Borrowing Repurchase t. Brokered Deposits (all types of deposits

Agreements……………………… Yes 879J acquired through a third party)……….. No 879T

8. Credit Union Branch Information

a. Number of credit union branches (include the main office if member services are conducted at that location)………….. 115 566

b. Does the credit union provide member services through a credit union shared branch services center?.......................... No 566A

NCUA 5300 Page 6

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CONTACT AND CERTIFICATION PAGE

This page must be completed by all credit unions

USA PATRIOT Act Information

The regulations implementing the USA PATRIOT Act require financial institutions to identify contacts to receive information from FinCEN regarding individuals, entities,
and organizations engaged in or reasonably suspected, based upon credible evidence of engaging in terrorist acts or money laundering activities. The logical person to
designate for this would be the individual in charge of the credit union's Bank Secrecy Act Compliance and Customer Identification Programs. The contact information
will be used by NCUA and FinCEN and will not be released to the public.
Primary Contact Secondary Contact

Name * 969
Name * 969D

Email Address * 969A

Email Address * 969E

Fax Number * 969B

Fax Number * 969F

Telephone Number * 969C

Telephone Number * 969G

* 969P * 969Q
Extension Extension

The Emergency Contact Information is the same as the USA PATRIOT Act Information. Please include a cell number below if available.

Emergency Contact Information

NCUA Rules and Regulations Section 748.1(b) requires you report catastrophic acts occurring in your offices within 5 business days to NCUA. The Emergency Contact
information is requested so NCUA can distribute critical, time sensitive information to emergency contacts at credit unions. Please provide primary contact information
for a senior credit union official that has decision-making authority. Also, please provide information for second senior official contact. Emergency contact information is
for the confidential use of NCUA and will not be released to the public.

Primary Contact Secondary Contact

* 969H * 969L
Name Name

Email Address * 969I

Email Address * 969M

Fax Number * 969J

Fax Number * 969N

Telephone Number *
969K 969O
Telephone Number *

Extension * 969R
Extension * 969S

Cell Phone
* 969T
Cell Phone * 969U

Credit Union Name: NAVY 5536

Charter Number:________________

Telephone No: * *
Extension:_______________________

Fax No: * Office Hours:________________________________________

Last Name: * * Date:_________________________

Prepared By
Last Name: * * Date:_________________________
Certified Correct By
* *
Last Name: * First Name:___________________MI:____
Manager/CEO (The person responsible for the day to day operations of the credit union)
Last Name: * * *
First Name:___________________MI:____
President of the Board (Chairperson)

NCUA 5300 Page 7

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DELINQUENT LOANS, LOAN CHARGE OFFS AND RECOVERIES

This page must be completed by all credit unions
Reportable Delinquency
Total Reportable
DELINQUENT LOANS BY COLLATERAL TYPE 1 to <2 months 2 to <6 months 6 to <12 months 12 months and over Delinquency
Report Amount Only
1 Unsecured Credit Card Loans……………………….… $16,719,429 024B $13,295,331 026B $0 027B $0 028B $13,295,331 045B
2 All Other Non Real Estate Loans……………… $91,276,870 020C $46,798,759 021C $2,315,085 022C $0 023C $49,113,844 041C
3 a. 1st Mortgage Fixed Rate/Hybrid/Balloon…………. $25,500,362 751 $3,589,301 752 $409,485 753 $416,558 754 $4,415,344 713A
b. 1st Mortgage Adjustable Rate…………………….. $1,569,400 771 $879,144 772 $0 773 $0 774 $879,144 714A
4 a. Other Real Estate Fixed Rate/Hybrid/Balloon……. $52,869,008 755 $12,547,474 756 $3,235,238 757 $752,109 758 $16,534,821 715A
b. Other Real Estate Adjustable Rate……………….. $26,199,752 775 $7,422,874 776 $1,631,331 777 $304,858 778 $9,359,063 716A
5 Leases Receivable…………………………………… $3,291,173 020D $181,284 021D $0 022D $0 023D $181,284 041D
6 Total Delinquent Loans $217,425,994 020B $84,714,167 021B $7,591,139 022B $1,473,525 023B $93,778,831 041B

7 Total Number of Delinquent Loans…………………. 18,269 020A 13,109 021A 269 022A 38 023A 13,416 041A

ADDITIONAL DELINQUENCY INFORMATION

(Included in the delinquency reported above.) Reportable Delinquency
Report Amount Only
8 Indirect Lending…………...…………………………… $0 020E $0 021E $0 022E $0 023E $0 041E
9 Participation Loans………...…………………………. $0 020F $0 021F $0 022F $0 023F $0 041F
10 Member Business Loans excluding Agricultural Lns $0 020G $0 021G $0 022G $0 023G $0 041G
11 Agricultural Loans………...………………………….. $0 020H $0 021H $0 022H $0 023H $0 041H

LOAN LOSS INFORMATION YTD YTD

Charge Offs Recoveries
12 Unsecured Credit Card Loans……………………….. $38,015,378 680 $3,912,956 681
13 All Other Non Real Estate Loans………………..… $125,877,153 550C $19,964,758 551C
14 Total 1st Mortgage Loans…………….……………… $801,315 548 $140,630 607
15 Total Other Real Estate Loans…….………………… $3,177,838 549 $64,179 608
16 Leases Receivable….……………………………….. $1,732,729 550D $179,048 551D
17 Total Charge Offs and Recoveries………..….. $169,604,413 550 $24,261,571 551

ADDITIONAL LOAN LOSS INFORMATION YTD YTD

Charge Offs Recoveries
18 Indirect Loans……………………………………… $0 550E $0 551E
19 Participation Loans………………………………….. $0 550F $0 551F
20 Member Business Loans excluding Agricultural Lns $0 550G $0 551G
21 Agricultural Loans……...…………………………….. $0 550H $0 551H

22 All loans charged off due to Bankruptcy YTD……… $41,813,518 682

23 Number of members with loans (outstanding) who have filed for:

a. Chapter 7 Bankruptcy YTD…………………….. 4,169 081
b. Chapter 13 Bankruptcy YTD…………………… 2,027 082
c. Chapter 11 Bankruptcy YTD…………………… 11 088

24 Total Outstanding loan balances subject to bankruptcies identified in item 25a - 25c. $56,950,269 971

25 Congressional Reporting Requirement

a. Dollar amount of loans with interest rates that exceed 15%......................(FCUs Only)... $80,377,177 567
b. Aggregate weighted average interest rate for the loans with interest rates that exceed 15%..(FCUs Only) 16.04 568

NCUA 5300 Page 8

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LIQUIDITY, COMMITMENTS AND SOURCES

All credit unions must complete lines 8 through 10 of this form and, if applicable, lines 1 through 7.

OFF-BALANCE SHEET COMMITMENTS AND OTHER ITEMS

Amount Acct Code
1. Unfunded Commitments for Business Loans
A. Commercial Real Estate, Construction and Land Development………….…………… $0 814

B. Other Unfunded Business Loan Commitments……………….……………………...… $466,654 814A

2. Unfunded Commitments for All Remaining Loans (Non-Business Loans)

A. Revolving Open-End lines secured by 1-4 Family Residential Properties…………… $1,234,649,444 811

B. Credit Card Lines…………........…..………………….…………………………………. $4,397,857,141 812

C. Outstanding Letters of Credit……........………………………………………………… $7,500,000 813

D. Unsecured Share Draft Lines of Credit………………..…………………….....……… $537,942,424 815

E. Overdraft Protection Program Commitments…………………..…..……………….…. $0 822

F. Other Unfunded Commitments…………….……………….…………………………… $199,938,963 816

CONTINGENT LIABILITIES
3. Loans Transferred with Recourse…………………….……………………………… $0 819

4. Dollar Amount of Pending Bond Claims……………………....…….…………………. $116,990 818

5. Other Contingent Liabilities…………………………………..…..……………………. $0 818A

CREDIT AND BORROWING ARRANGEMENTS

6. Amount of Borrowings Subject to Early Repayment at Lender’s Option………….. $200,000,000 865A

7. Lines of Credit

a. Total Credit Lines………………..……………….………………………………… $6,763,469,290 881

b. Total Committed Credit Lines……......…………...……………………………….. $0 882

Yes 896
8. Is your credit union a member of the Federal Home Loan Bank? ………........................
9. Has your credit union filed an application to borrow from the Federal
* 897
Reserve Bank Discount Window?..........................................................................................
10. Has your credit union pre-pledged collateral with the Federal Reserve
* 898
Bank Discount Window?........................................................................................................

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INFORMATION SYSTEMS & TECHNOLOGY

This page must be completed by all credit unions

1. Indicate in the box at the right the number of the statement below which best describes the system the credit union Acct Code
uses to maintain its share and loan records. 2 076
1 = Manual System (No Automation) 2 = Vendor Supplied In-House System 3 = Vendor On-Line Service Bureau
4 = CU Developed In-House System 5 = Other

2. Indicate the name of the primary share and loan information processing vendor. *

Have you completed a data processing conversion in the last six months or do you plan to start a data
3.
processing conversion in the next 12 months? No 888

4. How do your members access/perform electronic financial services (select all that apply):

Home Banking via Internet Website Yes 886A Automatic Teller Machine (ATM) Yes 886E
Wireless Yes 886B Kiosk………………………………. No 886F
Home Banking/PC Based No 886C Other………………………………. No 886G
Audio Response/Phone Based …… Yes 886D

5. What services do you offer electronically (select all that apply):

Member Application …………… Yes 887A View Account History…….. Yes 887G
New Loan ………………… Yes 887B Merchandise Purchase……… No 887H
Account Balance Inquiry ……… Yes 887C Share Account Transfers…… Yes 887I
Share Draft Orders…………… Yes 887D Bill Payment…………………… Yes 887J
New Share Account …………… Yes 887E Download Account History…… Yes 887K
Loan Payments ……………… Yes 887F Electronic Cash……………… No 887L
Account Aggregation…….. No 887M Electronic Signature
Internet Access Services……… No 887N Authentication/ Certification… No 887P

Other (please specify)………… 887Z

6. If your credit union has a World Wide Website Address, please provide it. www.navyfcu.org 891

7. If you have a world wide website, please indicate the type (select only one)………
1 = Informational 2 = Interactive 3= Transactional 3 892A
8. If you have a transactional world wide website, how many members use it………… 1,408,780 892B
9. If you have a transactional website, please provide the name of the
primary vendor used to deliver such services * 892C

10. If you do not have a website, do you plan to add one in the future? No 889

a. If Yes to #10, in how many months ………………………………………………… 0 889A

b. If Yes to #10, what type of site (select only one) ………………………………… 0 889B
1 = Informational 2 = Interactive 3= Transactional

11. Does the credit union have internet access? Yes 903
12. Does the credit union have FedLine Access? Yes 904
13. If the CU processes ACH transactions, is it an Originating Depository Financial Institution? Yes 905
14. If the CU processes ACH transactions, is it a Receiving Depository Financial Institution? Yes 906

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PCA NET WORTH CALCULATION WORKSHEET

Credit unions are not required to provide input on this page unless it has chosen an alternative total assets option offered on lines
9 through 11 to calculate Net Worth or have elected to calculate an alternative Risk Based Net Worth ratio.

o Electronic Filers : Information entered on preceding schedules will populate line items below on the PC 5300 Automated System,
excluding optional items 9, 10 and 11.

o Manual Call Report Filers : Leave this page blank or use it as a manual net worth calculation worksheet.

NET WORTH TO TOTAL ASSETS RATIO

NUMERATOR: NET WORTH Amount Acct Code

1. Undivided Earnings………………………………………………….………………………….……… $50,000,000 940

2. Regular Reserves………………………………...………...………………..……………………….. $349,808,576 931
3. Appropriation for Non-Conforming Investments (SCU ONLY)……………………………………. 668
4. Other Reserves (Appropriations of Undivided Earnings)………………………………………..… $2,712,920,975 658
5. Uninsured Secondary Capital (Low Income Designated Credits Unions Only)………………..… $0 925
6. Net Income (unless this amount is already included in Undivided Earnings)……………………… $0 602
7. TOTAL NET WORTH (Sum of items 1-6)………………………………………………….…………. $3,112,729,551 997

DENOMINATOR: TOTAL ASSETS

8. Total Assets (quarter-end)……………………………………...…………………………………… $28,268,649,541 010

Total Assets Elections (Optional)

Retain line 8 quarter-end total assets above as net worth ratio denominator, or select one of the total assets computation
options below by inputting the result in the appropriate line item. Line 12 below will compute your net worth ratio using line 8
quarter-end total assets as your denominator unless you enter an amount in line 9, 10 or 11.
9. Average of Daily Assets over the calendar quarter…………………………………………...…… $0 010A
10. Average of the three month-end balances over the calendar quarter…………………………… $0 010B
11. The average of the current and three preceding calendar quarter-end balances……………… $0 010C

12. Net Worth Ratio (Line 7 divided by line 8, 9, 10 or 11) 11.01 998
13a. Risk Based Net Worth (RBNW) Requirement (Standard Calculation)…………………………… n/a 999
b. Risk Based Net Worth (RBNW) Alternative Method under Section 702.107…………………… 0.00 999A
14. Net Worth Classification if credit union is not new. (Based upon Call Report
data only. See instructions)……………………………………...… Well Capitalized 700
15. Net Worth Classification if credit union is a new credit union…. Well Capitalized 701
A "New" credit union has less than $10 million in assets and was chartered
in the last 10 years. (Based upon Call Report data only. See instructions)

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STANDARD COMPONENTS OF
RISK BASED NET WORTH REQUIREMENT (RBNW)
(AUTOMATED -- NO INPUT NECESSARY)

This information below is provided only for your information. No credit union is required to provide input on this page.
Information entered on preceding schedules will populate the line items below on the PC 5300 Automated System.
Manual Call Report filers will also leave these items blank.

A RBNW Requirement is only applicable for those credit unions with assets greater than $10,000,000 and a RNBW
requirement greater than six percent.

A B C D E F
Risk portfolio Dollar balance Amount as percent of Risk weighting Amount times Standard
quarter-end total risk weighting component
assets

Quarter-end total assets

Assets, line 30 (Acct 010) 28,268,649,541 100.00
(a) Long-term real estate loans 9,542,939,799 2.73
33.76
Sched A Line 14 (Acct. Code 710) less:
Sched A Line 31 (Acct. Code 718)
Sched A Line 17 (Acct. Code 712) 25.00 6.00 1.50
Threshold amount: 0 to 25%
8.76 14.00 1.23
Excess amount: over 25%
(b) MBLs outstanding 19,668,267 0.07 0.00
Sched A line 29 (Acct. Code 400) 0.07 6.00 0.00
Threshold amount: 0 to 15% 0.00 8.00 0.00
Threshold amount: >15 to 25%
0.00 14.00 0.00
Excess amount: over 25%
(c) Investments 4,976,049,699 17.60 0.69
Weighted-average life: 3,938,055,502 13.93 3.00 0.42
Page 1 Lines 2c, 3 and 13: 812,209,010 2.87 6.00 0.17
0 to 1 year (Acct. Code 799A1 + 730B + 730C)
225,785,186 0.80 12.00 0.10
> 1 year to 3 years (Acct. Code 799B)
> 3 years to 5 years (Acct. Code 799C1) 0 0.00 12.00 0.00
> 5 years to 10 years (Acct. Code 799C2)
1 0.00 20.00 0.00
> 10 years (Acct. Code 799D)
(d) Low-risk assets
Assets Line 1 (Acct. Code 730A)
350,969,711 1.24 0.00 0.00
Assets Line 28 (Acct. Code 794)
Sum of risk portfolios (a) through (d) above
14,889,627,476 52.67

(e) Average-risk assets

13,379,022,065 47.33 6.00 2.84
Assets, line 30 (Acct. Code 010) less: Risk portfolio
items (a) through (d) above

(f) Loans sold with recourse 0 0.00 6.00 0.00

Page 9, line 3 (Acct. Code 819)

(g) Unused MBL commitments 466,654 0.00 6.00 0.00

Sched A line 30 (Acct. Code 814B)

(h) Allowance (Credit limited to 1.5% of loans)

176,326,282 0.62 100.00 0.62
Assets, line 24 (Acct. Code 719)
Sum of standard components:
RBNW requirement (Acct. Code 999)
5.63

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SCHEDULE A
SPECIALIZED LENDING
Section 1: If your credit union has indirect loans or participation loans outstanding, or purchased or sold loans or participations year-to-date, complete
this section.

Section 2 & 3: If your credit union has any real estate loans or member business loans outstanding or has originated any real estate loans or member
business loans year-to-date, complete these sections, as applicable.

SECTION 1 - INDIRECT LOANS, PARTICIPATION LOANS, LOANS SOLD

Acct Acct
1. INDIRECT LOANS Number Amount
Code Code

a. Indirect Loans - Point of Sale Arrangement…………………………………… 0 617B $0 618B

b. Indirect Loans - Outsourced Lending Relationship…………………………… 0 617C $0 618C

c. TOTAL OUTSTANDING INDIRECT LOANS……………...…………………….. 0 617A $0 618A

2. PARTICIPATION LOANS

a. Participation Loans Outstanding…………………….……………….……….. 0 619A $0 619

b. Participation Loans Purchased Year-to-Date…….....………………………. 0 690A $0 690

c. Participation Loans Sold Year-to-Date……………...…….…...…………….. 0 691A $0 691

3. Loans Purchased from Other Financial Institutions Year-to-Date… 0 614 $0 615

You may stop here if your credit union has no real estate loans or member business loans outstanding and has not originated
any real estate loans or member business loans year-to-date.

SECTION 2 - REAL ESTATE LOANS AND LINES OF CREDIT - INCLUDING MBL SECURED BY REAL ESTATE
REAL ESTATE LOANS
FIRST MORTGAGE
No. of Loans
No. of Loans Acct Acct Acct Amount Granted Year-To- Acct
4. Fixed Rate Amt of Loans Outstanding Granted Year- to-
Outstanding Code Code Code Date Code
Date

a. > 15 Years……………. 9,662 972A $2,332,703,085 704A 17,478 982A $4,085,352,765 720A

b. 15 Years or less……... 32,489 972B $3,516,228,717 704B 2,479 982B $418,247,378 720B
5. Balloon/Hybrid

a. > 5 Years……………… 3,337 972C $667,296,241 704C 597 982C $153,966,317 720C

b. 5 Years or less………. 0 972D $0 704D 0 982D $0 720D

6. Other Fixed Rate………… 0 972E $0 704E 0 982E $0 720E

7. Adjustable Rate 1 yr or less 82 973A $22,579,915 705A 55 983A $15,864,954 721A

8. Adjustable Rate > 1 yr…… 903 973B $207,514,582 705B 528 983B $140,530,326 721B

OTHER REAL ESTATE

9. Closed-End Fixed Rate…… 74,097 974 $3,784,752,537 706 38,219 984 $2,294,852,420 722

10. Closed-End Adjustable Rate 0 975 $0 707 0 985 $0 723

11. Open-End Adjustable Rate 37,942 976 $1,000,809,495 708 7,876 986 $628,084,612 724

12. Open-End Fixed Rate……. 0 976B $0 708B 0 986B $0 724B

13. Other……………………… 0 977 $0 709 0 987 $0 725

14. TOTALS (each column)…. 158,512 978 $11,531,884,572 710 67,232 988 $7,736,898,772 726

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION Acct

Amount
Code
15. Allowance for Losses on all Real Estate Loans……………………………………………… $8,062,969 731
16. Total Amount of All 1st Mortgage Loans which have been sold in the secondary market year-to-date $2,463,729,265 736
17. Amount of Real Estate Loans Outstanding that will contractually refinance, reprice or
mature within the next 5 years and that are not reported on line 26 (below)……………… $1,971,598,749 712
18. Amount of real estate loans sold but serviced by the credit union…………………………… $13,828,523,707 779A
19. Mortgaging Servicing Rights………..………...………………………………………………… $181,525,081 779

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SCHEDULE A
SPECIALIZED LENDING (Continued)

SECTION 3 - BUSINESS LOANS - Complete this section if the credit union has any member business loans outstanding
or has originated any member business loans year-to-date.

No. of Loans
No. of Loans Acct Acct Granted or Acct Amount Granted or Acct
Amount
Outstanding Code Code Purchased Code Purchased Year-to-Date Code
Year-to-Date
20. Member Business Loans…. 212 900A $19,261,729 400A 107 090A $11,786,091 475A
21. Purchased business loans or
0 900B $0 400B 0 090B $0 475B
participation interests to nonmembers

MISCELLANEOUS BUSINESS LOAN INFORMATION

22. Construction and Development Loans 0 143A $0 143B 0 143C $0 143D

23. Unsecured business loans………… 5 900C $316,601 400C 4 090C $244,000 475C
24. Purchased business loans or
participation interests to members…. 0 900D $0 400D 0 090D $0 475D

25. Agricultural Related Loans………….... 0 961A $0 042A 0 099A $0 463A

Acct Acct
Number Amount
Code Code
26. Portion of Real Estate Loans included in line 14 of Section 2 of this schedule
$17,028,552 718A
which are also reported as business loans on lines 20 and 21 above……
27. Business Loans and Participations sold Year-to-Date………..………….… 71 691B $9,781,679 691C

28. Small Business Administration Loans Outstanding……...…………………. 2 900F $261,923 400F

RISK BASED NET WORTH (RBNW)

For credit unions with assets greater than $10,000,000
Acct
Amount
Code
29. Loans and participation interests qualifying for RBNW……………………………………… $19,668,267 400

30. Unfunded commitments for business loans and participation interests qualifying for RBNW $466,654 814B
31. Amount of Real Estate Loans included in line 14 on Section 2 also reported as business loans
$17,346,024 718
and participation interests qualifying for RBNW on line 29 above……………………………………….

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SCHEDULE B
INVESTMENTS, SUPPLEMENTAL INFORMATION

Complete this schedule if amounts are reported on page 3, lines 4, 5, or 6 or if items 12-16 below are applicable.

TYPES OF INVESTMENTS Amount Acct Code

1. U.S. Government Obligations…………………………………………………...…………….…….. $0 741C

2. Federal Agency Securities $1,916,900,268 742C

3. Mutual Funds & Common Trust Investments……………………………………………………….. $2,896,731 743C

MISCELLANEOUS INVESTMENT INFORMATION

MORTGAGE-RELATED SECURITIES
4. Mortgage Pass-Through Securities $0 732

5. Collateralized Mortg. Obligations/Real Estate Mortgage Investment Conduits(CMOs/REMICs)…. $268,560,022 733

6. Commercial Mortgage Backed Securities………………………………………………...…………... $0 733A

INVESTMENTS MEETING SPECIFIC CRITERIA OF PART 703 (FCU ONLY) Amount Acct Code

7. Non-Mortgage Related Securities with Embedded Options or Complex Coupon Formulas…….. $36,938,969 786A
Non-Mortgage Related Securities with Maturities Greater than Three Years that Do Not Have Embedded
8. $0 786B
Options or Complex Coupon Formulas …………………………………………………
9. Total of Securities Meeting the Requirements of Section 703.12(b) (Sum of items 4-8) .... $305,498,991 786

10. Total of Deposits and Shares Meeting the Requirements of Section 703.10(a) ……. $222,177,496 785

11. Market Value of Investments Purchased Under an Investment Pilot Program - 703.19 $0 785A

MISCELLANEOUS INVESTMENT INFORMATION

12. Fair Value of Held to Maturity Investments (reported on line 6 of page 1)………………………… $1,898,175,503 801

13. Investment Repurchase Agreements…………………………………………………………………. $700,000,000 780

14. Borrowing Repurchase Transactions Placed in Investments for Purposes of Positive Arbitrage… $1,284,996,574 781

15. Investments Not Authorized by the FCU Act or NCUA Rules and Regulations (SCU ONLY)……. 784

16. Outstanding balance of brokered certificates of deposit and share certificates ……………….... $0 788

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SCHEDULE C
CREDIT UNION SERVICE ORGANIZATION (CUSO) INFORMATION
DON’T MAKE ENTRIES ON THIS FORM UNLESS YOUR CREDIT UNION HAS A LOAN TO OR INVESTMENT IN A CUSO

Complete a separate line of information for each CUSO in which you have a loan or an investment, regardless of whether your credit union owns the CUSO,
has a “controlling financial interest”, has the “ability to exert significant influence” or owns only a smaller portion oof the CUSO. If you have a loan or investment
in more than 20 CUSOs and file manually, please continue on a copy of this form.
Value of Investment Amount loaned Aggregate Cash
Full/ Legal Name of CUSO in CUSO to CUSO See Note Below Outlay in CUSO
** *** ****
ACCT 833A- 834A1- 837A-
CODE 830A - T 831A -T 832A -T T T1 T 836A -T
Navy Federal Financial Group
A. $3,426,737 $5,000,000 Yes 4 Yes $1,000,000
Callahan Credit Union Financial Services
B. $125,000 $0 No 5 No $125,000
CUSO Partners LLC
C. $18,922 $0 No 5 No $25,000
Credit Union Coop Systems, Inc
D. $36,645 $0 No 12 No $20,000
Members Development Corp, LLC
E. $88,269 $0 No 12 No $60,000

Members Trust Company

F. $2,729,050 $0 No 8 No $2,000,000
Credit Union 24
G. $1,310 $0 No 12 No $1,810
CU Realty
H. $210,000 $0 No 12 No $210,000

I. $0 $0 No 0 No $0

J. $0 $0 No 0 No $0

K. $0 $0 No 0 No $0

L. $0 $0 No 0 No $0

M. $0 $0 No 0 No $0

N. $0 $0 No 0 No $0

O. $0 $0 No 0 No $0

P. $0 $0 No 0 No $0

Q. $0 $0 No 0 No $0

R. $0 $0 No $0

S. $0 $0 No $0

T. $0 $0 No $0

Note:
** Is the CUSO wholly owned by the credit union? Blank = No; 1 = Yes (Acct. Code 833A-T)
*** Indicate in the box the letter which describes the predominant service provided by the CUSO: (Acct. Code 834A1-T1)
f = Financial counseling k = Record retention, security and p = Trust and trust-related
a = Checking and currency services
services disaster recovery services services
q = Real estate brokerage
b = Clerical, professional and management services g = Fixed asset services l = Securities brokerage services
services
h = Insurance brokerage m = Shared credit union branch r = CUSO investments in non-
c = Business loan origination
or agency (service center) operations CUSO service providers
d = Consumer mortgage origination i = Leasing n = Student loan origination s = Other
j = Loan support
e = Electronic transaction services o = Travel agency services
services
**** How is the investment in the CUSO accounted for on the credit union’s financial statements: (Acct. Code 837A-T):
1 = consolidation 2 = equity method 3 = cost method

NCUA 5300 Page 16