Dec, 31, 2023 — THE DISTRICT FEDERAL CREDIT UNION is a federal credit union headquartered in AURORA, CO with 4 branch locations and about $150.83 million in total assets. Opened 63 years ago in 1961, THE DISTRICT FEDERAL CREDIT UNION has about 6,604 members and employs 25 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | THE DISTRICT FEDERAL CREDIT UNION |
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Address: (Main Office) | 751 Chambers Rd AURORA, CO 80011-7151 |
Phone: | (303) 360-0987 |
Fax: | (303) 360-0511 |
Website: | https://www.districtcreditunion.com |
Branches: | 4 branch locations |
Members: | 6,604 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14369 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $150,825,690 |
CEO/Manager: | Steve Bouras |
Chairperson: | Randy Patrick |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,315,926 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 1,247,936 |
Real Estate Loans | 80,795,407 |
Unsecured Loans | 2,230,470 |
Other Loans | 11,926,154 |
TOTAL LOANS | 94,952,032 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -286,603 |
Land And Building | 512,487 |
Other Fixed Assets | 556,712 |
NCUSIF Deposit | 1,267,304 |
All Other Assets | 0 |
TOTAL ASSETS | 150,825,690 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 52,058 |
Notes & Interest Payable | 9,000,000 |
Accounts Payable & Other Liabilities | 513,421 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 21,973,371 |
Regular shares | 31,519,525 |
All Other Shares & Deposits | 79,299,443 |
TOTAL SHARES & DEPOSITS | 132,792,340 |
TOTAL LIABILITIES | 142,357,819 |
Regular Reserve | 0 |
Other Reserves | -3,546,879 |
Undivided Earnings | 12,014,750 |
TOTAL EQUITY | 8,467,871 |
TOTAL LIABILITIES, SHARES, & EQUITY | 150,825,690 |
INCOME & EXPENSE | |
Loan Income | 4,499,838 |
Investment Income | 915,173 |
Other Income | 266,374 |
Total Employee Compensation & Benefits | 2,038,295 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,008,032 |
Non-operating Income & (Expense) | 4,250 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 55,588 |
Cost of Funds | 1,988,732 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 224,210 |
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