Dec, 31, 2023 — DELAWARE RIVER & BAY AUTH EMP FEDERAL CREDIT UNION is a federal credit union headquartered in NEW CASTLE, DE with 3 branch locations and about $4.78 million in total assets. Opened 59 years ago in 1965, DELAWARE RIVER & BAY AUTH EMP FEDERAL CREDIT UNION has about 474 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DELAWARE RIVER & BAY AUTH EMP FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | I295 & New Castle Ave NEW CASTLE, DE 19720 |
| Phone: | (302) 571-6323 |
| Fax: | (302) 571-6367 |
| Website: | n/a |
| Branches: | 3 branch locations |
| Members: | 474 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16769 |
|---|---|
| Membership Type: | Manufacturing - Transportation Equipment |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,779,279 |
| CEO/Manager: | Joseph Larotonda |
| Chairperson: | Mark Delano |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 257,646 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 0 |
| Other Loans | 0 |
| TOTAL LOANS | 499,896 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -27,340 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 46,648 |
| All Other Assets | 0 |
| TOTAL ASSETS | 4,779,279 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 7,324 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 309 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 3,733,451 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 3,733,451 |
| TOTAL LIABILITIES | 3,741,084 |
| Regular Reserve | 0 |
| Other Reserves | 331,005 |
| Undivided Earnings | 707,190 |
| TOTAL EQUITY | 1,038,195 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,779,279 |
| INCOME & EXPENSE | |
| Loan Income | 26,971 |
| Investment Income | 89,995 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 17,428 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 17,160 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 11,582 |
| Cost of Funds | 32,533 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 20,419 |
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