Mar, 31, 2021 — DIAMOND LAKES FEDERAL CREDIT UNION is a federal credit union headquartered in Malvern, AR with 3 branch locations and about $79.13 million in total assets. Opened 61 years ago in 1960, DIAMOND LAKES FEDERAL CREDIT UNION has about 9,849 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: | 9,849 |
| 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: | $79,128,619 |
| CEO/Manager: | Tammy M Passafiume |
| Chairperson: | Cecilia Ashcraft |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,419,139 |
| TOTAL INVESTMENTS | 33,989,019 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,009,314 |
| Unsecured Loans | 1,881,906 |
| Other Loans | 23,703,412 |
| TOTAL LOANS | 35,067,849 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -259,409 |
| Land And Building | 2,555,535 |
| Other Fixed Assets | 92,099 |
| NCUSIF Deposit | 622,316 |
| All Other Assets | 1,642,071 |
| TOTAL ASSETS | 79,128,619 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,700 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -1,809,989 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 16,275,125 |
| Regular shares | 47,115,578 |
| All Other Shares & Deposits | 7,455,314 |
| TOTAL SHARES & DEPOSITS | 70,846,017 |
| TOTAL LIABILITIES | 69,039,728 |
| Regular Reserve | 670,143 |
| Other Reserves | 1,248,675 |
| Undivided Earnings | 8,170,073 |
| TOTAL EQUITY | 10,088,891 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 79,128,619 |
| INCOME & EXPENSE | |
| Loan Income | 505,764 |
| Investment Income | 47,024 |
| Other Income | 313,331 |
| Total Employee Compensation & Benefits | 364,066 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 565,826 |
| Non-operating Income & (Expense) | -2,666 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 50,866 |
| Cost of Funds | 23,251 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -111,446 |
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