Dec, 31, 2023 — DIAMOND LAKES FEDERAL CREDIT UNION is a federal credit union headquartered in MALVERN, AR with 3 branch locations and about $80.87 million in total assets. Opened 64 years ago in 1960, DIAMOND LAKES FEDERAL CREDIT UNION has about 9,166 members and employs 30 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | DIAMOND LAKES FEDERAL CREDIT UNION |
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Address: (Main Office) | 7333 Highway 270 MALVERN, AR 72104-2078 |
Phone: | (501) 332-6530 |
Fax: | (501) 332-8361 |
Website: | https://www.diamondlakesfcu.org |
Branches: | 3 branch locations |
Members: | 9,166 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13762 |
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Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $80,868,917 |
CEO/Manager: | Tammy M Passafiume |
Chairperson: | Cecilia Ashcraft |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,605,537 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 13,487,924 |
Unsecured Loans | 2,547,316 |
Other Loans | 28,950,697 |
TOTAL LOANS | 47,595,524 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -295,402 |
Land And Building | 2,381,941 |
Other Fixed Assets | 76,362 |
NCUSIF Deposit | 681,732 |
All Other Assets | 6,000 |
TOTAL ASSETS | 80,868,917 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,727 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -169,737 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 14,018,210 |
Regular shares | 45,339,391 |
All Other Shares & Deposits | 5,881,336 |
TOTAL SHARES & DEPOSITS | 65,238,936 |
TOTAL LIABILITIES | 65,070,926 |
Regular Reserve | 0 |
Other Reserves | 1,248,675 |
Undivided Earnings | 14,549,316 |
TOTAL EQUITY | 15,797,991 |
TOTAL LIABILITIES, SHARES, & EQUITY | 80,868,917 |
INCOME & EXPENSE | |
Loan Income | 2,520,701 |
Investment Income | 1,068,138 |
Other Income | 1,338,030 |
Total Employee Compensation & Benefits | 2,094,628 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,542,722 |
Non-operating Income & (Expense) | 3,406,202 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 115,122 |
Cost of Funds | 48,583 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,802,479 |
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