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DELAWARE STATE POLICE FEDERAL CREDIT UNION

Dec, 31, 2023 — DELAWARE STATE POLICE FEDERAL CREDIT UNION is a federal credit union headquartered in GEORGETOWN, DE with 3 branch locations and about $130.07 million in total assets. Opened 64 years ago in 1960, DELAWARE STATE POLICE FEDERAL CREDIT UNION has about 8,513 members and employs 24 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 231176567
Name:DELAWARE STATE POLICE FEDERAL CREDIT UNION
Address:
(Main Office)
700 N Bedford St
GEORGETOWN, DE 19947
Phone:(302) 276-8600
Fax:(302) 856-2539
Website:https://www.dspfcu.com
Branches:3 branch locations
Members:8,513
Credit Union Type:Federal Credit Union
Charter Number:13791
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1960
Last Audited:Dec 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$130,072,869
CEO/Manager:Ronald J Ferrance Jr
Chairperson:Ronnie L Gaines

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,699,259
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 29,873,828
 Unsecured Loans 6,831,440
 Other Loans 20,195,023
 TOTAL LOANS 56,900,291
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -833,486
 Land And Building 747,297
 Other Fixed Assets 378,817
 NCUSIF Deposit 1,254,668
 All Other Assets 168,206
  TOTAL ASSETS 130,072,869
LIABILITIES & CAPITAL:  
 Dividends Payable 38,219
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 974,427
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 27,980,848
 Regular shares 62,865,787
 All Other Shares & Deposits 32,093,437
  TOTAL SHARES & DEPOSITS 122,940,072
  TOTAL LIABILITIES 123,952,718
 Regular Reserve 0
 Other Reserves -6,830,465
 Undivided Earnings 12,950,616
  TOTAL EQUITY 6,120,151
  TOTAL LIABILITIES, SHARES, & EQUITY 130,072,869
INCOME & EXPENSE  
 Loan Income 2,861,493
 Investment Income 1,612,400
 Other Income 305,280
 Total Employee Compensation & Benefits 1,610,672
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,444,647
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 3,112
 Cost of Funds 483,479
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 990,190
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