Mar, 31, 2022 — IDB GLOBAL FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 1 branch location and about $736.28 million in total assets. Opened 61 years ago in 1961, IDB GLOBAL FEDERAL CREDIT UNION has about 10,556 members and employs 47 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | IDB GLOBAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1300 New York Ave NW WASHINGTON, DC 20577-0001 |
| Phone: | (202) 623-3363 |
| Fax: | (202) 623-3339 |
| Website: | http://www.idbglobalfcu.org |
| Branches: | 1 branch locations |
| Members: | 10,556 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14176 |
|---|---|
| Membership Type: | Service - Finance, Insurance, Real Estate, Trade |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $736,281,576 |
| CEO/Manager: | William (Chip) L Lusk, Jr. |
| Chairperson: | MARIA V ZEMBORAIN |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 47,387,700 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 463,104,189 |
| Unsecured Loans | 19,117,780 |
| Other Loans | 16,584,541 |
| TOTAL LOANS | 498,806,510 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,064,151 |
| Land And Building | 0 |
| Other Fixed Assets | 77,018 |
| NCUSIF Deposit | 4,934,116 |
| All Other Assets | 0 |
| TOTAL ASSETS | 736,281,576 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 5,268 |
| Notes & Interest Payable | 22,862,296 |
| Accounts Payable & Other Liabilities | 1,990,632 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 125,626,145 |
| Regular shares | 376,927,715 |
| All Other Shares & Deposits | 126,816,662 |
| TOTAL SHARES & DEPOSITS | 629,370,522 |
| TOTAL LIABILITIES | 654,228,718 |
| Regular Reserve | 0 |
| Other Reserves | -7,034,410 |
| Undivided Earnings | 89,087,268 |
| TOTAL EQUITY | 82,052,858 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 736,281,576 |
| INCOME & EXPENSE | |
| Loan Income | 3,652,889 |
| Investment Income | 469,677 |
| Other Income | 237,634 |
| Total Employee Compensation & Benefits | 1,705,149 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,130,284 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,000 |
| Cost of Funds | 507,408 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,161,838 |
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