Dec, 31, 2023 — DISTRICT OF COLUMBIA TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 2 branch locations and about $47.82 million in total assets. Opened 88 years ago in 1936, DISTRICT OF COLUMBIA TEACHERS FEDERAL CREDIT UNION has about 4,049 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | DISTRICT OF COLUMBIA TEACHERS FEDERAL CREDIT UNION |
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Address: (Main Office) | 5656 3rd St NE WASHINGTON, DC 20011 |
Phone: | (202) 547-4800 |
Fax: | (202) 547-4835 |
Website: | https://www.dctfcu.org |
Branches: | 2 branch locations |
Members: | 4,049 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1821 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Sep 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $47,822,278 |
CEO/Manager: | Rosalinn Wedge |
Chairperson: | Jerome Shelton |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,018,705 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 12,776,815 |
Unsecured Loans | 1,861,235 |
Other Loans | 4,985,980 |
TOTAL LOANS | 19,624,030 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -311,647 |
Land And Building | 2,220,067 |
Other Fixed Assets | 55,799 |
NCUSIF Deposit | 464,091 |
All Other Assets | 0 |
TOTAL ASSETS | 47,822,278 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 139,551 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 301,699 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 8,604,128 |
Regular shares | 28,639,784 |
All Other Shares & Deposits | 7,567,290 |
TOTAL SHARES & DEPOSITS | 44,811,202 |
TOTAL LIABILITIES | 45,252,452 |
Regular Reserve | 0 |
Other Reserves | -669,152 |
Undivided Earnings | 3,238,978 |
TOTAL EQUITY | 2,569,826 |
TOTAL LIABILITIES, SHARES, & EQUITY | 47,822,278 |
INCOME & EXPENSE | |
Loan Income | 975,187 |
Investment Income | 507,766 |
Other Income | 502,616 |
Total Employee Compensation & Benefits | 744,325 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 992,998 |
Non-operating Income & (Expense) | 128,353 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 188,581 |
Cost of Funds | 156,468 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 20,965 |
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