Dec, 31, 2023 — DEL-ONE FEDERAL CREDIT UNION is a federal credit union headquartered in DOVER, DE with 14 branch locations and about $670.63 million in total assets. Opened 64 years ago in 1960, DEL-ONE FEDERAL CREDIT UNION has about 81,680 members and employs 182 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DEL-ONE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 270 Beiser Blvd DOVER, DE 19904-7790 |
| Phone: | (302) 739-4496 |
| Fax: | (302) 739-1829 |
| Website: | https://www.del-one.org |
| Branches: | 14 branch locations |
| Members: | 81,680 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13919 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $670,633,231 |
| CEO/Manager: | Dan McCarthy |
| Chairperson: | Steven Smith |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 51,948,592 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 348,750 |
| Real Estate Loans | 256,331,225 |
| Unsecured Loans | 35,615,620 |
| Other Loans | 243,247,952 |
| TOTAL LOANS | 535,194,797 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,822,627 |
| Land And Building | 13,054,865 |
| Other Fixed Assets | 3,886,726 |
| NCUSIF Deposit | 5,624,867 |
| All Other Assets | 18,650 |
| TOTAL ASSETS | 670,633,231 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 33,425 |
| Notes & Interest Payable | 35,000,000 |
| Accounts Payable & Other Liabilities | 12,311,617 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 153,418,510 |
| Regular shares | 235,732,333 |
| All Other Shares & Deposits | 183,248,410 |
| TOTAL SHARES & DEPOSITS | 572,399,252 |
| TOTAL LIABILITIES | 619,744,294 |
| Regular Reserve | 0 |
| Other Reserves | -1,799,487 |
| Undivided Earnings | 52,688,424 |
| TOTAL EQUITY | 50,888,937 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 670,633,231 |
| INCOME & EXPENSE | |
| Loan Income | 25,109,480 |
| Investment Income | 4,099,923 |
| Other Income | 6,359,315 |
| Total Employee Compensation & Benefits | 14,094,915 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 18,362,470 |
| Non-operating Income & (Expense) | -314 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,346,700 |
| Cost of Funds | 4,645,362 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,561,736 |
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