Dec, 31, 2020 — DIAMOND LAKES FEDERAL CREDIT UNION is a federal credit union headquartered in Malvern, AR with 3 branch locations and about $73.90 million in total assets. Opened 61 years ago in 1960, DIAMOND LAKES FEDERAL CREDIT UNION has about 9,909 members and employs 28 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) | PO Box1080 Malvern, AR 72104-2078 |
| Phone: | (501) 332-6530 |
| Fax: | (501) 332-8361 |
| Website: | http://www.diamondlakesfcu.org |
| Branches: | 3 branch locations |
| Members: | 9,909 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $73,895,480 |
| CEO/Manager: | Tammy M Passafiume |
| Chairperson: | Cecilia Ashcraft |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,603,258 |
| TOTAL INVESTMENTS | 27,369,019 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,064,639 |
| Unsecured Loans | 2,088,512 |
| Other Loans | 25,513,688 |
| TOTAL LOANS | 37,148,440 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -271,661 |
| Land And Building | 2,573,394 |
| Other Fixed Assets | 104,610 |
| NCUSIF Deposit | 622,316 |
| All Other Assets | 1,746,104 |
| TOTAL ASSETS | 73,895,480 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,984 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -55,709 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 13,202,747 |
| Regular shares | 43,049,162 |
| All Other Shares & Deposits | 7,494,960 |
| TOTAL SHARES & DEPOSITS | 63,746,869 |
| TOTAL LIABILITIES | 63,695,144 |
| Regular Reserve | 670,143 |
| Other Reserves | 1,248,675 |
| Undivided Earnings | 8,281,518 |
| TOTAL EQUITY | 10,200,336 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 73,895,480 |
| INCOME & EXPENSE | |
| Loan Income | 2,301,728 |
| Investment Income | 295,670 |
| Other Income | 1,570,596 |
| Total Employee Compensation & Benefits | 1,419,284 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,026,300 |
| Non-operating Income & (Expense) | 247,033 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 54,544 |
| Cost of Funds | 109,421 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 805,478 |
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