Sep, 30, 2025 — DEMOCRACY FEDERAL CREDIT UNION is a federal credit union headquartered in ALEXANDRIA, VA with 4 branch locations and about $188.80 million in total assets. Opened 90 years ago in 1936, DEMOCRACY FEDERAL CREDIT UNION has about 12,065 members and employs 35 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DEMOCRACY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 400 N Columbus St ALEXANDRIA, VA 22314 |
| Phone: | (202) 488-5400 |
| Fax: | (703) 548-5279 |
| Website: | https://www.democracyfcu.org |
| Branches: | 4 branch locations |
| Members: | 12,065 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1407 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $188,795,666 |
| CEO/Manager: | Andrena Smith |
| Chairperson: | Patricia J Ellis |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 38,358,780 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 82,456,763 |
| Unsecured Loans | 29,146,247 |
| Other Loans | 17,359,945 |
| TOTAL LOANS | 128,962,956 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,053,176 |
| Land And Building | 1,751,168 |
| Other Fixed Assets | 2,516,327 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,248,162 |
| All Other Assets | 136,159 |
| TOTAL ASSETS | 188,795,666 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,308 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,407,269 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 29,480,814 |
| Regular shares | 53,551,723 |
| All Other Shares & Deposits | 89,064,296 |
| TOTAL SHARES & DEPOSITS | 172,096,834 |
| TOTAL LIABILITIES | 175,505,411 |
| Regular Reserve | 0 |
| Other Reserves | 258,148 |
| Undivided Earnings | 13,032,107 |
| TOTAL EQUITY | 13,290,255 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 188,795,666 |
| INCOME & EXPENSE | |
| Loan Income | 5,971,427 |
| Investment Income | 951,676 |
| Other Income | 1,057,732 |
| Total Employee Compensation & Benefits | 2,978,364 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 4,236,349 |
| Non-operating Income & (Expense) | 1,582,405 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,359,785 |
| Cost of Funds | 2,117,351 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 10,650 |
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