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DIXIES FEDERAL CREDIT UNION

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
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
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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