Dec, 31, 2023 — DOMINION ENERGY CREDIT UNION is a federally insured state chartered credit union headquartered in NORTH CHESTERFIELD, VA with 3 branch locations and about $360.68 million in total assets. Opened 84 years ago in 1940, DOMINION ENERGY CREDIT UNION has about 21,248 members and employs 33 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | DOMINION ENERGY CREDIT UNION |
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Address: (Main Office) | 1100 Boulders Pkwy Ste 601 NORTH CHESTERFIELD, VA 23225 |
Phone: | (804) 521-2525 |
Fax: | (804) 521-2525 |
Website: | https://www.dominionenergycu.org |
Branches: | 3 branch locations |
Members: | 21,248 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66973 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $360,684,672 |
CEO/Manager: | Afua P Essandoh |
Chairperson: | Edward H Baine |
ASSETS: | $ Amount |
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Cash & Equivalents | 16,843,476 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 86,462,390 |
Unsecured Loans | 21,320,410 |
Other Loans | 87,850,757 |
TOTAL LOANS | 195,633,557 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -801,857 |
Land And Building | 0 |
Other Fixed Assets | 2,593,152 |
NCUSIF Deposit | 2,998,647 |
All Other Assets | 0 |
TOTAL ASSETS | 360,684,672 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 27,000,000 |
Accounts Payable & Other Liabilities | 3,582,491 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 36,954,345 |
Regular shares | 93,483,719 |
All Other Shares & Deposits | 162,408,672 |
TOTAL SHARES & DEPOSITS | 292,846,736 |
TOTAL LIABILITIES | 323,429,227 |
Regular Reserve | 0 |
Other Reserves | -5,100,792 |
Undivided Earnings | 42,356,237 |
TOTAL EQUITY | 37,255,445 |
TOTAL LIABILITIES, SHARES, & EQUITY | 360,684,672 |
INCOME & EXPENSE | |
Loan Income | 9,103,923 |
Investment Income | 2,671,034 |
Other Income | 1,016,680 |
Total Employee Compensation & Benefits | 4,022,582 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,316,360 |
Non-operating Income & (Expense) | 14,939 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 94,873 |
Cost of Funds | 6,083,264 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -152,541 |
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