Jun, 30, 2024 — DELAWARE STATE POLICE FEDERAL CREDIT UNION is a federal credit union headquartered in GEORGETOWN, DE with 3 branch locations and about $140.37 million in total assets. Opened 65 years ago in 1960, DELAWARE STATE POLICE FEDERAL CREDIT UNION has about 8,530 members and employs 21 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | DELAWARE STATE POLICE FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 700 N Bedford St GEORGETOWN, DE 19947 |
Phone: | (302) 276-8600 |
Fax: | (302) 856-2539 |
Website: | https://www.dspfcu.com |
Branches: | 3 branch locations |
Members: | 8,530 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13791 |
---|---|
Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $140,367,766 |
CEO/Manager: | Ronald J Ferrance Jr |
Chairperson: | Ronnie L Gaines |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 12,855,314 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 26,709,534 |
Unsecured Loans | 7,308,728 |
Other Loans | 20,605,593 |
TOTAL LOANS | 54,623,855 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -948,686 |
Land And Building | 766,285 |
Other Fixed Assets | 809,185 |
NCUSIF Deposit | 1,412,339 |
All Other Assets | 0 |
TOTAL ASSETS | 140,367,766 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 411 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 402,495 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 29,325,206 |
Regular shares | 70,272,593 |
All Other Shares & Deposits | 37,788,501 |
TOTAL SHARES & DEPOSITS | 137,386,300 |
TOTAL LIABILITIES | 137,789,206 |
Regular Reserve | 0 |
Other Reserves | -7,175,217 |
Undivided Earnings | 9,753,777 |
TOTAL EQUITY | 2,578,560 |
TOTAL LIABILITIES, SHARES, & EQUITY | 140,367,766 |
INCOME & EXPENSE | |
Loan Income | 1,832,886 |
Investment Income | 688,667 |
Other Income | 251,692 |
Total Employee Compensation & Benefits | 929,239 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,955,938 |
Non-operating Income & (Expense) | 36,762 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -105,739 |
Cost of Funds | 340,499 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 269,455 |
↑ Back to Top |