Dec, 31, 2022 — DEL-ONE FEDERAL CREDIT UNION is a federal credit union headquartered in DOVER, DE with 14 branch locations and about $660.04 million in total assets. Opened 63 years ago in 1960, DEL-ONE FEDERAL CREDIT UNION has about 75,977 members and employs 173 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: | 75,977 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $660,035,021 |
| CEO/Manager: | Ronald Baron |
| Chairperson: | Steven Smith |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 150,566,724 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 206,161,886 |
| Unsecured Loans | 33,546,957 |
| Other Loans | 177,087,579 |
| TOTAL LOANS | 416,796,422 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,187,526 |
| Land And Building | 13,353,263 |
| Other Fixed Assets | 4,548,094 |
| NCUSIF Deposit | 5,755,840 |
| All Other Assets | 13,249 |
| TOTAL ASSETS | 660,035,021 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 10,337,090 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 169,011,638 |
| Regular shares | 262,054,590 |
| All Other Shares & Deposits | 173,190,894 |
| TOTAL SHARES & DEPOSITS | 604,257,122 |
| TOTAL LIABILITIES | 614,594,216 |
| Regular Reserve | 0 |
| Other Reserves | -2,971,507 |
| Undivided Earnings | 48,412,312 |
| TOTAL EQUITY | 45,440,805 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 660,035,021 |
| INCOME & EXPENSE | |
| Loan Income | 13,201,913 |
| Investment Income | 2,141,045 |
| Other Income | 4,776,123 |
| Total Employee Compensation & Benefits | 9,601,041 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 11,778,318 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 991,134 |
| Cost of Funds | 911,167 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,579,238 |
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