DAVENPORT POLICE DEPARTMENT CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.dpdcu.com for more information.
Dec, 31, 2023 — DAVENPORT POLICE DEPARTMENT CREDIT UNION is a federally insured state chartered credit union headquartered in Davenport, IA with 1 branch location and about $5.22 million in total assets. Opened 90 years ago in 1934, DAVENPORT POLICE DEPARTMENT CREDIT UNION has about 293 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DAVENPORT POLICE DEPARTMENT CREDIT UNION |
|---|---|
| Address: (Main Office) | 227 W 4th St Davenport, IA 52801-1307 |
| Phone: | (563) 323-9003 |
| Fax: | (563) 323-9361 |
| Website: | https://www.dpdcu.com |
| Branches: | 1 branch locations |
| Members: | 293 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61691 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Oct 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,219,282 |
| CEO/Manager: | Jay A Verhorevoort |
| Chairperson: | Richard W Skeppstedt |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 358,015 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 508,374 |
| Unsecured Loans | 60,048 |
| Other Loans | 934,382 |
| TOTAL LOANS | 1,502,804 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -18,000 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 41,990 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,219,282 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 14,332 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 716,286 |
| Regular shares | 2,116,943 |
| All Other Shares & Deposits | 1,766,321 |
| TOTAL SHARES & DEPOSITS | 4,599,550 |
| TOTAL LIABILITIES | 4,613,882 |
| Regular Reserve | 0 |
| Other Reserves | 150,000 |
| Undivided Earnings | 455,400 |
| TOTAL EQUITY | 605,400 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,219,282 |
| INCOME & EXPENSE | |
| Loan Income | 42,386 |
| Investment Income | 26,892 |
| Other Income | 241 |
| Total Employee Compensation & Benefits | 3,449 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 53,485 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 13,204 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,864 |
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