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Credit union call report ยท Everett, WA

Nordstrom Federal Credit Union Call Report

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Nordstrom Federal Credit Union filed its latest NCUA 5300 call report for the quarter ended June 30, 2026. Below are its 261 filed line items, in the form's order. Dollar amounts are whole dollars as filed.

Nordstrom Federal Credit Union call report filing details
Call report formNCUA 5300
Latest quarter filedQ2 2026 (June 30, 2026)
NCUA charter number1788
Federal Reserve RSSD ID266075

The official copy: search charter number 1788 in NCUA's Research a Credit Union tool, or download every credit union's filing from NCUA's quarterly call report data.

Nordstrom Federal Credit Union call report, Q2 2026

Statement of Financial Condition (33 items)
Nordstrom Federal Credit Union, Statement of Financial Condition, Q2 2026
Line item Account Q2 2026
1a. Coin and Currency AS0004 $190K
1c. Total Cash on Hand 730A $190K
2a. Cash on Deposit in Corporate Credit Unions 730B1 $4.8M
2c. Cash on Deposit in Other Financial Institutions 730B2 $3.6M
2. Cash on Deposit (total) 730B $8.3M
3. Time Deposits in Banks and Credit Unions AS0007 $12.2M
5. TOTAL CASH AND OTHER DEPOSITS AS0009 $20.8M
8. Available-for-Sale Debt Securities AS0067 $37K
9. Held-to-Maturity Debt Securities AS0073 $9.8M
11. TOTAL INVESTMENT SECURITIES AS0013 $9.8M
12b. Perpetual Contributed Capital 769B $63K
13. TOTAL OTHER INVESTMENTS AS0017 $63K
15a. Number of Total Loans and Leases 025A 1,806
15b. Total Loans and Leases 025B $25.9M
17. ACL on Loans and Leases AS0048 $187K
19. Land and Building 007 $1.2M
20. Other Fixed Assets 008 $15K
21. NCUA Share Insurance Capitalization Deposit 794 $467K
22d. Accrued Interest on Loans 009A $98K
22e. Accrued Interest on Investments 009B $83K
22f. All Other Assets 009C $1.4M
22g. Total Other Assets AS0036 $1.6M
23. TOTAL ASSETS 010 $59.6M
Accounts Payable and Other Liabilities 825 $706K
Accrued Dividends and Interest Payable 820A $82K
Member Shares of All Types 013 $53.6M
Total Shares and Deposits 018 $53.6M
Undivided Earnings 940 $3.7M
Other Reserves 658 $1.5M
Net Income (equity) 602 $35K
Total Net Worth 997 $5.2M
Net Worth Ratio 998 8.76%
TOTAL LIABILITIES, SHARES, AND EQUITY 014 $59.6M
Statement of Income and Expense (23 items)
Nordstrom Federal Credit Union, Statement of Income and Expense, Q2 2026
Line item Account Q2 2026
1. Interest on Loans and Leases 110 $763K
3. Income from Investments 120 $423K
5. TOTAL INTEREST INCOME 115 $1.2M
6. Dividends on Shares 380 $241K
9. TOTAL INTEREST EXPENSE 350 $241K
10. NET INTEREST INCOME IS0010 $944K
12a. Credit Loss Expense - Loans and Leases IS0011 $127K
12e. Total Credit Loss Expense IS0017 $127K
13. Fee Income 131 $97K
14. Other Operating Income IS0020 $122K
19. Gain (Loss) on Sale of Loans IS0029 $4K
23. TOTAL NON-INTEREST INCOME 117 $222K
24. Employee Compensation and Benefits 210 $450K
25. Travel and Conference 230 $8K
26. Office Occupancy 250 $36K
27. Office Operations 260 $139K
28. Educational and Promotional 270 $34K
29. Loan Servicing 280 $57K
30. Professional and Outside Services 290 $275K
32. Operating Fees 320 $3K
33. Miscellaneous Operating Expense 360 $2K
34. TOTAL NON-INTEREST EXPENSE 671 $1.0M
35. NET INCOME 661A $36K
Statement pages - all other filed accounts (20 items)

delinquency (21%), credit cards (21%)

Nordstrom Federal Credit Union, Statement pages - all other filed accounts, Q2 2026
Line item Account Q2 2026
Amount of All Deliquent Loans (Including Credit Cards) and Leases as of - 1 month to less than 2 months delinquent 020B $156K
Amount of Delinquent Unsecured Credit Card Loans as of - 1 month to less than 2 months delinquent. 024B $2K
Loans Granted Year-to-Date 031A $87
Amount of Loans Granted Year-to-Date 031B $2.9M
Total Amount of Delinquent Loans & Leases (Two or more months) 041B $31K
Number of current members (not number of accounts) 083 5,089
Number of potential members 084 58,595
Interest Rate of Unsecured Credit Card Loans 521 1,098.00%
Interest Rate of All Other Unsecured Loans/Lines of Credit 522 1,255.00%
Interest Rate of New Vehicle Loans 523 385.00%
Interest Rate of Used Vehicle Loans 524 593.00%
Total Amount of All Loans Charged Off Year-to-Date 550 $110K
Total Amount of All Year-to-Date Recoveries on Charged-Off Loans 551 $7K
Amount of Regular Shares 657 $23.3M
Amount of Share Drafts 902 $19.2M
IRA/KEOGH Accounts - < 1 Year 906A $341K
Share Certificates - < 1 Year 908A $8.0M
Total Amount of Share Certificates 908C $8.5M
Total Amount of Money Market Shares 911 $2.2M
Number of Used Vehicle Loans 968 333
NCUA data file FS220A (20 items)

loans and leases (25%), income and expense (25%), shares and deposits (19%)

Nordstrom Federal Credit Union, NCUA data file FS220A, Q2 2026
Line item Account Q2 2026
Total Shares - < 1 Year 013A $53.0M
Total Shares - 1-3 Years 013B1 $517K
Total Shares and Deposits - < 1 Year 018A $53.0M
Total Shares and Deposits - 1-3 Years 018B1 $517K
Number of Total Delinquent Loans & Leases (Two or more months) 041A 5
Effective date of last audit 063 $32K
Amount of Used Vehicle Loans 370 $5.5M
Amount of New Vehicle Loans 385 $12.2M
Amount of Unsecured Credit Card Loans 396 $1.1M
Amount of All Other Unsecured Loans/Lines of Credit 397 $1.2M
Share Certificates 451 $253
Number of Accounts for Share Drafts 452 2,812
IRA/KEOGH Accounts 453 $35
Number of Accounts for Regular Shares 454 5,704
Money Market Shares 458 $64
Number of Accounts for Total Shares and Deposits (Sum of items 15-16) 460 8,868
Number of credit union employees who are Full-Time (26 hours or more) 564A 9
Dollar amount of loans with interest rates that exceed 15% (For FCUs Only) 567 $150K
Aggregate weighted average interest rate for the loans with interest rates that exceed 15% (For FCUs Only) 568 1,663.00%
Total credit lines 881 $10.2M
NCUA data file FS220B (19 items)

maturity and repricing buckets (40%), credit cards (17%)

Nordstrom Federal Credit Union, NCUA data file FS220B, Q2 2026
Line item Account Q2 2026
Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E) 065A4 $5.1M
Total Uninsured Shares and Deposits > $250K (F+J) 068A $5.1M
Total Insured Shares and Deposits > $250K (item 17 less item K) 069A $48.5M
Effective date of the most recent Supervisory Committee verification of Member's accounts 603 $62K
Amount of Regular Shares - < 1 Year 657A $23.3M
Total Amount of Unsecured Credit Card Loans Charged Off Year-to-Date 680 $4K
Total Amount of Year-to-Date Recoveries on Unsecured Credit Card Loans Charged Off 681 $173
Fair value of Held to Maturity Securities 801 $9.6M
Amount of Share Drafts - < 1 Year 902A $19.2M
Total Amount of IRA/KEOGH Accounts 906C $341K
Share Certificates - 1-3 Years 908B1 $517K
Money Market Shares - < 1 Year 911A $2.2M
Amount of Loans Outstanding to Credit Union Officials and Senior Executive Staff 956 $469K
Number of New Vehicle Loans 958 512
Total Shares 966 $9K
Total of outstanding loan balances subject to bankruptcies identified in items 23a-c. 971 $27K
Number of Unsecured Credit Card Loans 993 572
Number of All Other Unsecured Loans/Lines of Credit 994 194
Number of Loans Outstanding to Credit Union Officials and Senior Executive Staff 995 10
NCUA data file FS220C (2 items)

charge-offs and recoveries (27%), participation loans (18%)

Nordstrom Federal Credit Union, NCUA data file FS220C, Q2 2026
Line item Account Q2 2026
Indicate in the box at the right the number of the description below that best characterizes the last audit performed of your credit union's records 064 $5
Number of credit union branches (include the main office if member services are conducted at that location) 566 1
NCUA data file FS220D (25 items)

member services and products offered (69%), CUSO relationships (27%)

Nordstrom Federal Credit Union, NCUA data file FS220D, Q2 2026
Line item Account Q2 2026
No Cost Share Drafts 879A4 $1
Share Certificates with Low Minimum Balance Requirements 879A5 $1
Financial Education 879B2 $1
Bilingual Services 879C1 $1
No Cost Bill Payer 879C2 $1
Deposits and Shares Meeting 703.10(a) 879M $1
International Remittances 879V $1
Low-cost wire transfers 879W $1
Member Application 887A $1
Loan Application 887B $1
New Share Account 887E $1
Loan Payments 887F $1
Bill Payment 887J $1
Electronic Signature Authentication/Certification 887P $1
e-Statements 887R $1
External Transfers/Payment ? ACH 887S $1
Remote Deposit Capture 887U $1
MobilePmts 887V $1
Informational Website PI0007 $1
Mobile Application PI0008 $1
Online Banking PI0009 $1
Person-to-Person PI0011 $1
Offer Custodial Accounts PP0032 $1
Does the CU offer an ATM Network that is surcharge free? PP0034 $1
CU offer Shared service network PP0058 $1
NCUA data file FS220G (5 items)

loans and leases (32%), participation loans (18%)

Nordstrom Federal Credit Union, NCUA data file FS220G, Q2 2026
Line item Account Q2 2026
Total Outstanding Amount of Participation Loans Purchased By Type 691L $1.7M
Outstanding Amount of Real Estate Participation Loans Purchased 691L2 $1.7M
Total Value of Investments in CUSOs 851 $99K
Total Aggregate Cash Outlay in CUSOs 853 $2K
Total Credit Lines at Corporate Credit Unions 884 $5.0M
NCUA data file FS220H (1 item)

student loans (43%), delinquency (27%)

Nordstrom Federal Credit Union, NCUA data file FS220H, Q2 2026
Line item Account Q2 2026
Total Unfunded Commitments for all loan types 816A $10.1M
NCUA data file FS220I (11 items)

vehicle lending (59%), delinquency (44%)

Nordstrom Federal Credit Union, NCUA data file FS220I, Q2 2026
Line item Account Q2 2026
Amount of New Vehicle Loans Delinquent 30 to 59 days 020C1 $91K
Amount of Used Vehicle Loans Delinquent 30 to 59 days 020C2 $57K
Number of Reportable Delinquent Used Vehicle Loans 035E2 3
Amount of Reportable Delinquent Used Vehicle Loans 041C2 $13K
Amount of Used Vehicle Loans YTD Charge Offs 550C2 $42K
Amount of New Vehicle Loans YTD Recoveries 551C1 $5K
Amount of Used Vehicle Loans YTD Recoveries 551C2 $7
Commercial Share Accounts 643 $5K
Negative Shares as Included in All Other Unsecured Loans/Lines of Credit 644 $17K
Total Other Credit Lines 884D $5.2M
Number of International Remittances originated Year-to-Date 928 1
NCUA data file FS220J (2 items)

investment portfolio detail (33%), insured and uninsured shares (33%), derivatives (25%)

Nordstrom Federal Credit Union, NCUA data file FS220J, Q2 2026
Line item Account Q2 2026
Other Investments 789D $1.0M
Amounts reported in the Asset section or deferred compensation plans of NCUA Rules and Regulations (if FCU), or similar state provisions (if SCU) 789G $1.0M
NCUA data file FS220L (8 items)

commercial and business lending (90%), participation loans (36%), real estate lending (18%)

Nordstrom Federal Credit Union, NCUA data file FS220L, Q2 2026
Line item Account Q2 2026
Total Number of Loans & Leases on Loan Schedule 025A1 $2K
Total Amount of Loans & Leases on Loan Schedule 025B1 $25.9M
Amount of Total Loans/Lines of Credit Secured by Junior Lien 1-4 Family Residential Properties 386A $4.5M
Interest Rate of Total Loans/Lines of Credit Secured by Junior Lien 1-4 Family Residential Properties 562A 779.00%
Interest Rate of Total Loans/Lines of Credit Secured by 1st Lien 1-4 Family Residential Properties 563A 675.00%
Interest Rate of All Other Secured Non-Real Estate Loans/Lines of Credit 595B 466.00%
Amount of All Other Secured Non-Real Estate Loans/Lines of Credit 698C $1.3M
Amount of Total Loans/Lines of Credit Secured by 1st Lien 1-4 Family Residential Properties 703A $131K
NCUA data file FS220M (8 items)

commercial and business lending (89%), real estate lending (26%), participation loans (23%)

Nordstrom Federal Credit Union, NCUA data file FS220M, Q2 2026
Line item Account Q2 2026
Total Unfunded Commitments for Revolving Open-End lines secured by 1-4 Family Residential Properties (Non-Commercial) 811D $4.9M
Total Unfunded Commitments for Credit Card Lines (Non-Commercial) 812C $3.5M
Total Unfunded Commitments for Unsecured Share Draft Lines of Credit (Non-Commercial) 815C $146K
Total Unfunded Commitments for Non-Commercial Loans 816T $10.1M
Total Unfunded Commitments for Overdraft Protection Program Commitments (Non-Commercial) 822C $1.6M
Number of Total Loans/Lines of Credit Secured by 1st Lien 1-4 Family Residential Properties 959A 1
Number of Total Loans/Lines of Credit Secured by Junior Lien 1-4 Family Residential Properties 960A 158
Number of All Other Secured Non-Real Estate Loans/Lines of Credit 963C 36
NCUA data file FS220N (12 items)

investment portfolio detail (53%), maturity and repricing buckets (31%), CECL allowances (30%)

Nordstrom Federal Credit Union, NCUA data file FS220N, Q2 2026
Line item Account Q2 2026
Available-for-sale Debt Securities <=1 Year AS0062 $7K
Available-for-sale Debt Securities >3 and <=5 Years AS0064 $7K
Available-for-sale Debt Securities >5 and <= 10 Years AS0065 $23K
Held-to-Maturity Debt Securities <=1 Year AS0068 $6.8M
Held-to-Maturity Debt Securities >1 and <=3 Years AS0069 $1.4M
Held-to-Maturity Debt Securities >3 and <=5 Years AS0070 $987K
Held-to-Maturity Debt Securities >5 and <= 10 Years AS0071 $352K
Held-to-Maturity Debt Securities > 10 Years AS0072 $288K
Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities EQ0009 -$3K
Total Liabilities LI0069 $54.3M
(CECL) One-time Adjustment to Undivided Earnings for those credit unions that have adopted ASC topic 326 - Financial Instruments - Credit Losses NW0002 $78
Total Assets excluding SBA PPP loans pledged as collateral to the FRB PPP Liquidity Facility NW0010 $59.6M
NCUA data file FS220P (9 items)

commercial and business lending (52%), delinquency (49%), real estate lending (23%)

Nordstrom Federal Credit Union, NCUA data file FS220P, Q2 2026
Line item Account Q2 2026
Loan Loss Information - YTD Charge Offs - All Other Unsecured Loans/Lines of Credit CH0007 $63K
Loan Loss Information - YTD Recoveries - All Other Unsecured Loans/Lines of Credit CH0008 $632
Loan Loss Information - YTD Recoveries - All Other Secured Non-Real Estate Loans/Lines of Credit CH0016 $910
All Other Unsecured Loans/Lines of Credit DL0022 $7K
All Other Unsecured Loans/Lines of Credit DL0023 $19K
All Other Unsecured Loans/Lines of Credit DL0027 $19K
All Other Unsecured Loans/Lines of Credit - Total Number of Reportable Delinquent Loans DL0028 $2
Used Vehicle Loans DL0037 $13K
Delinquent Loans by Collateral Type - 60-89 days - Total Delinquent Loans and Leases DL0141 $31K
NCUA data file FS220Q (35 items)

investment portfolio detail (69%)

Nordstrom Federal Credit Union, NCUA data file FS220Q, Q2 2026
Line item Account Q2 2026
Held-to-maturity Amortized Cost - US Government Obligations NV0001 $500K
Held-to-maturity Fair Value - US Government Obligations NV0002 $499K
Held-to-maturity Amortized Cost - Federal Agency Securities -Guaranteed - Agency/GSE Debt Instruments - Guaranteed NV0013 $7.2M
Held-to-maturity Fair Value - Federal Agency Securities -Guaranteed - Agency/GSE Debt Instruments - Guaranteed NV0014 $7.1M
Held-to-maturity Amortized Cost - Federal Agency Securities -Guaranteed - Agency/GSE Non-Debt Instruments - Guaranteed NV0017 $1.3M
Held-to-maturity Fair Value - Federal Agency Securities -Guaranteed - Agency/GSE Non-Debt Instruments - Guaranteed NV0018 $1.2M
Available-for-sale Amortized Cost - Federal Agency Securities -Guaranteed - Agency/GSE Non-Debt Instruments - Guaranteed NV0019 $40K
Available-for-sale Fair Value - Federal Agency Securities -Guaranteed - Agency/GSE Non-Debt Instruments - Guaranteed NV0020 $37K
Held-to-maturity Amortized Cost - Federal Agency Securities -Guaranteed - Total Federal Agency Securities - Guaranteed NV0021 $8.5M
Held-to-maturity Fair Value - Federal Agency Securities -Guaranteed - Total Federal Agency Securities - Guaranteed NV0022 $8.3M
Available-for-sale Amortized Cost - Federal Agency Securities -Guaranteed - Total Federal Agency Securities - Guaranteed NV0023 $40K
Available-for-sale Fair Value - Federal Agency Securities -Guaranteed - Total Federal Agency Securities - Guaranteed NV0024 $37K
Held-to-maturity Amortized Cost - Debt Securities Issued by Depositories, Banks, and Credit Unions NV0073 $750K
Held-to-maturity Fair Value - Debt Securities Issued by Depositories, Banks, and Credit Unions NV0074 $750K
Total Amortized Cost Held-to-Maturity Debt Securities NV0081 $9.8M
Total Amortized Cost Available-for-Sale Debt Securities NV0083 $40K
Total Fair Value Available-for-Sale Debt Securities NV0084 $37K
Investment Maturity Distribution - Time Deposits - <=1 Year NV0111 $12.2M
Investment Maturity Distribution - Time Deposits - Total NV0116 $12.2M
Investment Maturity Distribution - Available-for-Sale Debt Securities - Total NV0134 $37K
Investment Maturity Distribution - Held-to-Maturity Debt Securities - Total NV0140 $9.8M
Investment Maturity Distribution - Investments in Natural Person Credit Unions - >10 Years NV0145 $63K
Investment Maturity Distribution - Investments in Natural Person Credit Unions - Total NV0146 $63K
Investment Maturity Distribution - Total Investment Securities - <=1 Year NV0153 $19.0M
Investment Maturity Distribution - Total Investment Securities - >1-3 Years NV0154 $1.4M
Investment Maturity Distribution - Total Investment Securities - >3 - 5 Years NV0155 $994K
Investment Maturity Distribution - Total Investment Securities - >5 - 10 Years NV0156 $375K
Investment Maturity Distribution - Total Investment Securities - > 10 Years NV0157 $351K
Total Investment Securities (Sum of Accounts AS0007, AS0013, and AS0017 from page 1) NV0158 $22.1M
RBC Total Equity RB0001 $5.2M
RBC Allowance for Credit Losses RB0002 $187K
RBC Total Additions RB0005 $187K
RBC Total Deductions RB0009 $467K
RBC Total Risk-Based Capital Numerator Before Mortgage Servicing Assets Deduction RB0010 $4.9M
RBC Risk-Based Capital Numerator RB0012 $4.9M
NCUA data file FS220R (28 items)

risk-based capital and leverage ratio (68%), real estate lending (28%)

Nordstrom Federal Credit Union, NCUA data file FS220R, Q2 2026
Line item Account Q2 2026
RBC Schedule Total Investments RB0039 $9.9M
RBC Schedule Total Consumer Loans RB0060 $21.2M
RBC Total for Risk Weighting Allowance for Credit Losses (Loans) RB0077 $187K
RBC Allowance for Credit Losses (Loans) 0% Weight RB0078 $187K
RBC Schedule Total Loans RB0079 $25.7M
RBC Total for Risk Weighting Total Loans RB0081 -$187K
RBC Total Loans 0% Weight RB0082 -$187K
RBC Schedule Total Other Assets RB0088 $3.2M
RBC Total for Risk Weighting Other Assets RB0090 $467K
RBC Other Assets 0% Weight RB0091 $467K
RBC Total from Schedule On-Balance Sheet Assets RB0099 $59.6M
RBC Total Adjustments to Schedule On-Balance Sheet Assets RB0100 $280K
RBC Total Risk Weighted On-Balance Sheet Assets 0% Weight RB0101 $280K
RBC Total On-Balance Sheet Assets and Off-Balance Sheet Credit Equivalent Amounts RB0170 $59.6M
RBC Allowance for Credit Losses (Loans) RB0177 $187K
1- to 4-Family Residential Property Loans/lines of Credit Secured by 1st Lien - Number of Loans Outstanding - Adjustable Rate RL0013 1.00%
1- to 4-Family Residential Property Loans/lines of Credit Secured by 1st Lien - Amount of Loans Outstanding - Adjustable Rate RL0014 130,973.00%
1- to 4-Family Residential Property Loans/lines of Credit Secured by 1st Lien - Amount of Loans Outstanding - Total RL0016 $131K
1- to 4-Family Residential Property Loans/lines of Credit Secured by Junior Lien - Number of Loans Outstanding - Open-end - Adjustable Rate RL0027 158.00%
1- to 4-Family Residential Property Loans/lines of Credit Secured by Junior Lien - Amount of Loans Outstanding - Open-end - Adjustable Rate RL0028 4,493,485.00%
1- to 4-Family Residential Property Loans/lines of Credit Secured by Junior Lien - Amount Granted YTD - Open-end - Adjustable Rate RL0029 10,782.00%
1- to 4-Family Residential Property Loans/lines of Credit Secured by Junior Lien - Amount of Loans Outstanding - Total RL0030 $4.5M
1- to 4-Family Residential Property Loans/lines of Credit Secured by Junior Lien - Amount Granted YTD - Total RL0031 $11K
Total 1- to 4-Family Residential Property and All Other Consumer Real Estate Loans/Lines of Credit - Number of Loans Outstanding RL0046 $159
Total 1- to 4-Family Residential Property and All Other Consumer Real Estate Loans/Lines of Credit - Amount of Loans Outstanding RL0047 $4.6M
Total 1- to 4-Family Residential Property and All Other Consumer Real Estate Loans/Lines of Credit - Amount Granted YTD RL0048 $11K
Total Shares SH0013 $53.6M
Total Shares and Deposits SH0018 $53.6M

Nordstrom Federal Credit Union call reports on file

  • Q2 2026 call report (quarter ended June 30, 2026)
  • Q1 2026 call report (quarter ended March 31, 2026)
  • Q4 2025 call report (quarter ended December 31, 2025)
  • Q3 2025 call report (quarter ended September 30, 2025)
  • Q2 2025 call report (quarter ended June 30, 2025)
  • Q1 2025 call report (quarter ended March 31, 2025)

Where can I find the Nordstrom Federal Credit Union call report?

The Nordstrom Federal Credit Union call report for the quarter ended June 30, 2026 is on this page, line by line in the order of the NCUA 5300. NCUA publishes every federally insured credit union's call report in its quarterly call report data and in its Research a Credit Union tool. Call reports are public: anyone can read them without an account.

What call report does Nordstrom Federal Credit Union file?

Nordstrom Federal Credit Union files the NCUA Form 5300, the call report every federally insured credit union files with the National Credit Union Administration. Its figures are in whole dollars, not thousands.

What is the Nordstrom Federal Credit Union call report number?

A call report has no number of its own. It is filed and looked up by the credit union's NCUA charter number, which for Nordstrom Federal Credit Union is 1788.

How often does Nordstrom Federal Credit Union file a call report?

Every quarter, as of March 31, June 30, September 30 and December 31.

Nordstrom Federal Credit Union financials and ratios →

New to the 5300? What the NCUA 5300 call report is.