Dec, 31, 2023 — DES MOINES FIRE DEPARTMENT CREDIT UNION is a federally insured state chartered credit union headquartered in DES MOINES, IA with 1 branch location and about $3.51 million in total assets. Opened 93 years ago in 1931, DES MOINES FIRE DEPARTMENT CREDIT UNION has about 915 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DES MOINES FIRE DEPARTMENT CREDIT UNION |
|---|---|
| Address: (Main Office) | 1330 Mulberry St DES MOINES, IA 50309 |
| Phone: | (515) 288-2521 |
| Fax: | (515) 288-4232 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 915 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64943 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1931 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,512,448 |
| CEO/Manager: | Michael E Williams |
| Chairperson: | Kerry Schneider |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 348,419 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 230,344 |
| Unsecured Loans | 75,324 |
| Other Loans | 1,998,560 |
| TOTAL LOANS | 2,304,228 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -20,897 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 30,698 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,512,448 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 0 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 2,722,181 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 2,722,181 |
| TOTAL LIABILITIES | 2,722,181 |
| Regular Reserve | 0 |
| Other Reserves | 192,737 |
| Undivided Earnings | 597,530 |
| TOTAL EQUITY | 790,267 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,512,448 |
| INCOME & EXPENSE | |
| Loan Income | 98,203 |
| Investment Income | 53,851 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 67,052 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 62,602 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 2,932 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 20,068 |
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