Dec, 31, 2023 — DIAMOND CREDIT UNION is a federally insured state chartered credit union headquartered in POTTSTOWN, PA with 7 branch locations and about $974.02 million in total assets. Opened 77 years ago in 1947, DIAMOND CREDIT UNION has about 66,305 members and employs 205 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 CREDIT UNION |
---|---|
Address: (Main Office) | 1600 Medical Dr POTTSTOWN, PA 19464-3242 |
Phone: | (610) 326-5490 |
Fax: | (610) 718-0294 |
Website: | https://www.diamondcu.org |
Branches: | 7 branch locations |
Members: | 66,305 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68241 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1947 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $974,020,333 |
CEO/Manager: | Rick Patel |
Chairperson: | Patrick M Austin |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 109,448,572 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 384,486,132 |
Unsecured Loans | 85,696,671 |
Other Loans | 119,557,095 |
TOTAL LOANS | 589,739,898 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,683,602 |
Land And Building | 16,549,422 |
Other Fixed Assets | 6,597,853 |
NCUSIF Deposit | 8,399,003 |
All Other Assets | 0 |
TOTAL ASSETS | 974,020,333 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 13,394,743 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 190,260,013 |
Regular shares | 210,722,866 |
All Other Shares & Deposits | 466,646,267 |
TOTAL SHARES & DEPOSITS | 867,629,146 |
TOTAL LIABILITIES | 881,023,889 |
Regular Reserve | 0 |
Other Reserves | -5,787,808 |
Undivided Earnings | 98,784,252 |
TOTAL EQUITY | 92,996,444 |
TOTAL LIABILITIES, SHARES, & EQUITY | 974,020,333 |
INCOME & EXPENSE | |
Loan Income | 30,371,783 |
Investment Income | 7,095,472 |
Other Income | 8,141,304 |
Total Employee Compensation & Benefits | 21,126,487 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 16,217,878 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,820,000 |
Cost of Funds | 10,603,542 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 9,086,823 |
↑ Back to Top |