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DIVERSIFIED GENERAL FEDERAL CREDIT UNION

Dec, 31, 2023 — DIVERSIFIED GENERAL FEDERAL CREDIT UNION is a federal credit union headquartered in LOGANSPORT, IN with 1 branch location and about $17.82 million in total assets. Opened 58 years ago in 1966, DIVERSIFIED GENERAL FEDERAL CREDIT UNION has about 4,151 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:DIVERSIFIED GENERAL FEDERAL CREDIT UNION
Address:
(Main Office)
631 E BROADWAY
LOGANSPORT, IN 46947
Phone:(574) 753-3547
Fax:(574) 753-8501
Website:https://www.yourdgfcu.org
Branches:1 branch locations
Members:4,151
Credit Union Type:Federal Credit Union
Charter Number:17411
Membership Type:Multiple common bond - Primarily primary and fabricated metals
Corporate Credit Union:No
Year Opened:1966
Last Audited:Dec 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$17,823,181
CEO/Manager:TERESA L BAER
Chairperson:Philip L Ward

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 855,771
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,038,048
 Other Loans 12,006,194
 TOTAL LOANS 13,044,242
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -74,631
 Land And Building 489,149
 Other Fixed Assets 143,507
 NCUSIF Deposit 151,356
 All Other Assets 0
  TOTAL ASSETS 17,823,181
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 8,046
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,418,937
 Regular shares 7,675,245
 All Other Shares & Deposits 6,364,156
  TOTAL SHARES & DEPOSITS 16,458,338
  TOTAL LIABILITIES 16,466,384
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 1,356,797
  TOTAL EQUITY 1,356,797
  TOTAL LIABILITIES, SHARES, & EQUITY 17,823,181
INCOME & EXPENSE  
 Loan Income 691,663
 Investment Income 30,150
 Other Income 220,298
 Total Employee Compensation & Benefits 391,317
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 649,586
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -1,455
 Cost of Funds 229,302
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -9,274
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