Dec, 31, 2023 — STATE DEPARTMENT FEDERAL CREDIT UNION is a federal credit union headquartered in ALEXANDRIA, VA with 6 branch locations and about $2.80 billion in total assets. Opened 89 years ago in 1935, STATE DEPARTMENT FEDERAL CREDIT UNION has about 88,894 members and employs 202 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | STATE DEPARTMENT FEDERAL CREDIT UNION |
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Address: (Main Office) | 1630 King St ALEXANDRIA, VA 22314-2763 |
Phone: | (703) 706-5000 |
Fax: | |
Website: | https://www.sdfcu.org |
Branches: | 6 branch locations |
Members: | 88,894 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 435 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $2,800,005,606 |
CEO/Manager: | James T Hayes |
Chairperson: | Marlene E Schwartz |
ASSETS: | $ Amount |
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Cash & Equivalents | 120,234,571 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 950,748,201 |
Unsecured Loans | 180,029,285 |
Other Loans | 274,561,062 |
TOTAL LOANS | 1,405,338,549 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -14,597,961 |
Land And Building | 13,504,416 |
Other Fixed Assets | 4,424,456 |
NCUSIF Deposit | 18,046,771 |
All Other Assets | 0 |
TOTAL ASSETS | 2,800,005,606 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 206,122 |
Notes & Interest Payable | 406,133,846 |
Accounts Payable & Other Liabilities | 15,864,015 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 490,384,440 |
Regular shares | 401,204,462 |
All Other Shares & Deposits | 1,321,033,164 |
TOTAL SHARES & DEPOSITS | 2,212,622,066 |
TOTAL LIABILITIES | 2,634,826,049 |
Regular Reserve | 0 |
Other Reserves | -125,942,047 |
Undivided Earnings | 291,121,604 |
TOTAL EQUITY | 165,179,557 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,800,005,606 |
INCOME & EXPENSE | |
Loan Income | 70,122,093 |
Investment Income | 35,744,325 |
Other Income | 2,755,680 |
Total Employee Compensation & Benefits | 23,285,434 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 28,424,641 |
Non-operating Income & (Expense) | 949,710 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,006,000 |
Cost of Funds | 48,138,357 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 17,096,489 |
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