Dec, 31, 2023 — IDB GLOBAL FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 1 branch location and about $794.45 million in total assets. Opened 63 years ago in 1961, IDB GLOBAL FEDERAL CREDIT UNION has about 11,641 members and employs 53 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | IDB GLOBAL FEDERAL CREDIT UNION |
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Address: (Main Office) | 1300 New York Ave NW WASHINGTON, DC 20577-0001 |
Phone: | (202) 623-3363 |
Fax: | (202) 623-3339 |
Website: | https://www.idbglobalfcu.org |
Branches: | 1 branch locations |
Members: | 11,641 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14176 |
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Membership Type: | Service - Finance, Insurance, Real Estate, Trade |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $794,445,423 |
CEO/Manager: | William (Chip) L Lusk, Jr. |
Chairperson: | MARIA V ZEMBORAIN |
ASSETS: | $ Amount |
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Cash & Equivalents | 59,218,883 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 519,756,627 |
Unsecured Loans | 14,671,980 |
Other Loans | 40,697,533 |
TOTAL LOANS | 575,126,141 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,711,991 |
Land And Building | 0 |
Other Fixed Assets | 156,621 |
NCUSIF Deposit | 5,051,344 |
All Other Assets | 0 |
TOTAL ASSETS | 794,445,423 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 540,082 |
Notes & Interest Payable | 51,875,000 |
Accounts Payable & Other Liabilities | 3,225,163 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 117,080,308 |
Regular shares | 299,501,680 |
All Other Shares & Deposits | 239,479,898 |
TOTAL SHARES & DEPOSITS | 656,061,886 |
TOTAL LIABILITIES | 711,702,131 |
Regular Reserve | 0 |
Other Reserves | -11,961,859 |
Undivided Earnings | 94,705,151 |
TOTAL EQUITY | 82,743,292 |
TOTAL LIABILITIES, SHARES, & EQUITY | 794,445,423 |
INCOME & EXPENSE | |
Loan Income | 20,398,731 |
Investment Income | 6,342,685 |
Other Income | 650,640 |
Total Employee Compensation & Benefits | 7,355,315 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 6,012,433 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 391,228 |
Cost of Funds | 11,241,464 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,237,223 |
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