Jun, 30, 2024 — DOVER FEDERAL CREDIT UNION is a federal credit union headquartered in DOVER, DE with 8 branch locations and about $628.44 million in total assets. Opened 67 years ago in 1958, DOVER FEDERAL CREDIT UNION has about 44,210 members and employs 123 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | DOVER FEDERAL CREDIT UNION |
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Address: (Main Office) | 1075 Silver Lake Blvd DOVER, DE 19904-2411 |
Phone: | (302) 678-8000 |
Fax: | |
Website: | https://doverfcu.com |
Branches: | 8 branch locations |
Members: | 44,210 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12443 |
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Membership Type: | Multiple common bond - Primarily military |
Corporate Credit Union: | No |
Year Opened: | 1958 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $628,444,911 |
CEO/Manager: | Donna L Kiscaden |
Chairperson: | Cory Thomas |
ASSETS: | $ Amount |
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Cash & Equivalents | 36,406,940 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 200,602,987 |
Unsecured Loans | 30,992,858 |
Other Loans | 265,635,607 |
TOTAL LOANS | 497,253,689 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,868,248 |
Land And Building | 19,096,418 |
Other Fixed Assets | 925,565 |
NCUSIF Deposit | 5,346,819 |
All Other Assets | 491,731 |
TOTAL ASSETS | 628,444,911 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 15 |
Notes & Interest Payable | 10,000,000 |
Accounts Payable & Other Liabilities | 3,201,545 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 143,105,811 |
Regular shares | 287,833,762 |
All Other Shares & Deposits | 141,336,286 |
TOTAL SHARES & DEPOSITS | 572,275,859 |
TOTAL LIABILITIES | 585,477,419 |
Regular Reserve | 0 |
Other Reserves | 9,308,473 |
Undivided Earnings | 33,659,019 |
TOTAL EQUITY | 42,967,492 |
TOTAL LIABILITIES, SHARES, & EQUITY | 628,444,911 |
INCOME & EXPENSE | |
Loan Income | 15,897,970 |
Investment Income | 1,041,290 |
Other Income | 2,942,628 |
Total Employee Compensation & Benefits | 8,056,950 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 11,515,651 |
Non-operating Income & (Expense) | -132,906 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 523,587 |
Cost of Funds | 819,048 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,914,199 |
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