Jun, 30, 2023 — DIAMOND LAKES FEDERAL CREDIT UNION is a federal credit union headquartered in MALVERN, AR with 3 branch locations and about $86.34 million in total assets. Opened 63 years ago in 1960, DIAMOND LAKES FEDERAL CREDIT UNION has about 9,256 members and employs 30 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DIAMOND LAKES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 7333 Highway 270 MALVERN, AR 72104-2078 |
| Phone: | (501) 332-6530 |
| Fax: | (501) 332-8361 |
| Website: | https://www.diamondlakesfcu.org |
| Branches: | 3 branch locations |
| Members: | 9,256 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13762 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $86,337,325 |
| CEO/Manager: | Tammy M Passafiume |
| Chairperson: | Cecilia Ashcraft |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,209,250 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,718,739 |
| Unsecured Loans | 2,155,071 |
| Other Loans | 23,805,856 |
| TOTAL LOANS | 36,979,187 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -221,402 |
| Land And Building | 2,466,223 |
| Other Fixed Assets | 80,699 |
| NCUSIF Deposit | 708,403 |
| All Other Assets | 0 |
| TOTAL ASSETS | 86,337,325 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,547 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 842,384 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,462,601 |
| Regular shares | 51,726,915 |
| All Other Shares & Deposits | 7,604,770 |
| TOTAL SHARES & DEPOSITS | 73,794,286 |
| TOTAL LIABILITIES | 74,639,217 |
| Regular Reserve | 0 |
| Other Reserves | 1,248,675 |
| Undivided Earnings | 10,449,433 |
| TOTAL EQUITY | 11,698,108 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 86,337,325 |
| INCOME & EXPENSE | |
| Loan Income | 1,443,225 |
| Investment Income | 158,094 |
| Other Income | 1,032,025 |
| Total Employee Compensation & Benefits | 1,370,204 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,801,453 |
| Non-operating Income & (Expense) | 919,290 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 37,670 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 692,264 |
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