Dec, 31, 2023 — DEPT OF LABOR FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 2 branch locations and about $130.19 million in total assets. Opened 89 years ago in 1935, DEPT OF LABOR FEDERAL CREDIT UNION has about 8,193 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: | DEPT OF LABOR FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 200 Constitution Ave NW WASHINGTON, DC 20210 |
| Phone: | (202) 789-2901 |
| Fax: | (202) 408-8253 |
| Website: | https://www.dolfcu.org |
| Branches: | 2 branch locations |
| Members: | 8,193 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4963 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $130,193,116 |
| CEO/Manager: | Thomas Domingue |
| Chairperson: | Webster Coleman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,393,471 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 54,865,052 |
| Unsecured Loans | 12,299,173 |
| Other Loans | 34,556,697 |
| TOTAL LOANS | 101,720,922 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -691,256 |
| Land And Building | 0 |
| Other Fixed Assets | 49,891 |
| NCUSIF Deposit | 916,337 |
| All Other Assets | 0 |
| TOTAL ASSETS | 130,193,116 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 4,000,000 |
| Accounts Payable & Other Liabilities | 61,369 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 34,435,262 |
| Regular shares | 37,715,606 |
| All Other Shares & Deposits | 41,329,743 |
| TOTAL SHARES & DEPOSITS | 113,480,611 |
| TOTAL LIABILITIES | 117,541,980 |
| Regular Reserve | 0 |
| Other Reserves | 143,860 |
| Undivided Earnings | 12,507,276 |
| TOTAL EQUITY | 12,651,136 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 130,193,116 |
| INCOME & EXPENSE | |
| Loan Income | 4,551,965 |
| Investment Income | 547,916 |
| Other Income | 910,784 |
| Total Employee Compensation & Benefits | 2,423,743 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,533,109 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 293,277 |
| Cost of Funds | 1,358,971 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 438,545 |
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