Dec, 31, 2023 — DEXSTA FEDERAL CREDIT UNION is a federal credit union headquartered in WILMINGTON, DE with 6 branch locations and about $454.63 million in total assets. Opened 87 years ago in 1937, DEXSTA FEDERAL CREDIT UNION has about 37,590 members and employs 75 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | DEXSTA FEDERAL CREDIT UNION |
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Address: (Main Office) | 300 Foulk Rd WILMINGTON, DE 19803 |
Phone: | (302) 571-0522 |
Fax: | (302) 225-0619 |
Website: | https://www.dexsta.com |
Branches: | 6 branch locations |
Members: | 37,590 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2187 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $454,631,250 |
CEO/Manager: | Jerry King |
Chairperson: | Marie H Davis |
ASSETS: | $ Amount |
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Cash & Equivalents | 61,206,212 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 57,065,188 |
Unsecured Loans | 34,741,864 |
Other Loans | 186,869,050 |
TOTAL LOANS | 278,676,102 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,888,011 |
Land And Building | 6,758,684 |
Other Fixed Assets | 683,861 |
NCUSIF Deposit | 3,566,211 |
All Other Assets | 0 |
TOTAL ASSETS | 454,631,250 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 116,380 |
Notes & Interest Payable | 55,000,000 |
Accounts Payable & Other Liabilities | 3,391,810 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 81,993,610 |
Regular shares | 154,707,377 |
All Other Shares & Deposits | 134,840,478 |
TOTAL SHARES & DEPOSITS | 371,541,466 |
TOTAL LIABILITIES | 430,049,656 |
Regular Reserve | 0 |
Other Reserves | 9,639,274 |
Undivided Earnings | 14,942,320 |
TOTAL EQUITY | 24,581,594 |
TOTAL LIABILITIES, SHARES, & EQUITY | 454,631,250 |
INCOME & EXPENSE | |
Loan Income | 14,481,732 |
Investment Income | 1,543,943 |
Other Income | 1,860,046 |
Total Employee Compensation & Benefits | 5,186,850 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 7,323,087 |
Non-operating Income & (Expense) | 96,829 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,236,000 |
Cost of Funds | 4,505,803 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,525,915 |
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