Dec, 31, 2023 — BANK FUND STAFF FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 4 branch locations and about $6.34 billion in total assets. Opened 77 years ago in 1947, BANK FUND STAFF FEDERAL CREDIT UNION has about 97,593 members and employs 347 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | BANK FUND STAFF FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 1725 I St NW WASHINGTON, DC 20006 |
Phone: | (202) 212-6400 |
Fax: | (202) 683-2380 |
Website: | https://bfsfcu.org/ |
Branches: | 4 branch locations |
Members: | 97,593 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 5582 |
---|---|
Membership Type: | Service - Finance, Insurance, Real Estate, Trade |
Corporate Credit Union: | No |
Year Opened: | 1947 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $6,339,066,058 |
CEO/Manager: | Eli Vazquez |
Chairperson: | Anne-Marie Gulde-Wolf |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 296,651,892 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,350,986,353 |
Unsecured Loans | 154,160,278 |
Other Loans | 140,586,310 |
TOTAL LOANS | 3,645,732,941 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -16,752,203 |
Land And Building | 0 |
Other Fixed Assets | 6,311,577 |
NCUSIF Deposit | 41,957,825 |
All Other Assets | 0 |
TOTAL ASSETS | 6,339,066,058 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 999,807 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 94,224,069 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,454,594,609 |
Regular shares | 994,455,496 |
All Other Shares & Deposits | 3,150,420,166 |
TOTAL SHARES & DEPOSITS | 5,599,470,271 |
TOTAL LIABILITIES | 5,694,933,811 |
Regular Reserve | 0 |
Other Reserves | -175,710,022 |
Undivided Earnings | 819,842,269 |
TOTAL EQUITY | 644,132,247 |
TOTAL LIABILITIES, SHARES, & EQUITY | 6,339,066,058 |
INCOME & EXPENSE | |
Loan Income | 124,908,267 |
Investment Income | 57,364,398 |
Other Income | 2,324,484 |
Total Employee Compensation & Benefits | 52,035,605 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 47,959,869 |
Non-operating Income & (Expense) | -270 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,400,752 |
Cost of Funds | 59,278,229 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 40,882,055 |
↑ Back to Top |