Dec, 31, 2023 — DIXIES FEDERAL CREDIT UNION is a federal credit union headquartered in DARLINGTON, SC with 2 branch locations and about $49.57 million in total assets. Opened 77 years ago in 1947, DIXIES FEDERAL CREDIT UNION has about 4,876 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | DIXIES FEDERAL CREDIT UNION |
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Address: (Main Office) | 501 Russell St DARLINGTON, SC 29532 |
Phone: | (843) 393-0426 |
Fax: | (843) 391-0001 |
Website: | https://www.dixiefed.com |
Branches: | 2 branch locations |
Members: | 4,876 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 5569 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1947 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $49,565,048 |
CEO/Manager: | Scott R Eagerton |
Chairperson: | Floyd Jordan |
ASSETS: | $ Amount |
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Cash & Equivalents | 6,155,927 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 15,578,699 |
Unsecured Loans | 3,467,621 |
Other Loans | 11,989,170 |
TOTAL LOANS | 31,035,490 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -360,395 |
Land And Building | 806,598 |
Other Fixed Assets | 272,025 |
NCUSIF Deposit | 408,576 |
All Other Assets | 66,000 |
TOTAL ASSETS | 49,565,048 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 400,624 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 8,893,866 |
Regular shares | 13,906,344 |
All Other Shares & Deposits | 16,474,972 |
TOTAL SHARES & DEPOSITS | 39,275,182 |
TOTAL LIABILITIES | 39,675,806 |
Regular Reserve | 0 |
Other Reserves | -234,280 |
Undivided Earnings | 10,123,522 |
TOTAL EQUITY | 9,889,242 |
TOTAL LIABILITIES, SHARES, & EQUITY | 49,565,048 |
INCOME & EXPENSE | |
Loan Income | 2,045,095 |
Investment Income | 773,840 |
Other Income | 534,237 |
Total Employee Compensation & Benefits | 1,475,272 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,008,459 |
Non-operating Income & (Expense) | 15,662 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 141,911 |
Cost of Funds | 459,547 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 283,645 |
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