Dec, 31, 2023 — DCH CREDIT UNION is a federally insured state chartered credit union headquartered in TUSCALOOSA, AL with 2 branch locations and about $43.08 million in total assets. Opened 69 years ago in 1955, DCH CREDIT UNION has about 4,377 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | DCH CREDIT UNION |
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Address: (Main Office) | 1008 Veterans Memorial Pkwy TUSCALOOSA, AL 35404 |
Phone: | (205) 759-7317 |
Fax: | (205) 758-5574 |
Website: | https://www.redoakcu.com |
Branches: | 2 branch locations |
Members: | 4,377 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 63940 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $43,079,437 |
CEO/Manager: | Shep Lowery |
Chairperson: | Michael G Wilson |
ASSETS: | $ Amount |
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Cash & Equivalents | 834,774 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 5,644,541 |
Unsecured Loans | 4,119,857 |
Other Loans | 9,569,922 |
TOTAL LOANS | 19,528,472 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -262,000 |
Land And Building | 1,435,756 |
Other Fixed Assets | 725,137 |
NCUSIF Deposit | 373,239 |
All Other Assets | 23,348 |
TOTAL ASSETS | 43,079,437 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 7,089,000 |
Accounts Payable & Other Liabilities | 214,728 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,637,512 |
Regular shares | 17,354,148 |
All Other Shares & Deposits | 9,942,963 |
TOTAL SHARES & DEPOSITS | 33,934,623 |
TOTAL LIABILITIES | 41,238,351 |
Regular Reserve | 0 |
Other Reserves | -1,950,988 |
Undivided Earnings | 3,792,074 |
TOTAL EQUITY | 1,841,086 |
TOTAL LIABILITIES, SHARES, & EQUITY | 43,079,437 |
INCOME & EXPENSE | |
Loan Income | 1,147,802 |
Investment Income | 398,435 |
Other Income | 418,746 |
Total Employee Compensation & Benefits | 779,351 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,256,735 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 393,236 |
Cost of Funds | 284,736 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -247,597 |
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