Mar, 31, 2021 — IDB GLOBAL FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 1 branch location and about $710.85 million in total assets. Opened 60 years ago in 1961, IDB GLOBAL FEDERAL CREDIT UNION has about 10,452 members and employs 43 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: | 10,452 |
| 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, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $710,853,058 |
| CEO/Manager: | William (Chip) L Lusk, Jr. |
| Chairperson: | MARIA V ZEMBORAIN |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 65,417,960 |
| TOTAL INVESTMENTS | 177,726,109 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 417,400,601 |
| Unsecured Loans | 10,385,217 |
| Other Loans | 26,535,966 |
| TOTAL LOANS | 454,321,784 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,151,113 |
| Land And Building | 0 |
| Other Fixed Assets | 116,132 |
| NCUSIF Deposit | 4,472,216 |
| All Other Assets | 9,949,970 |
| TOTAL ASSETS | 710,853,058 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 24,512 |
| Notes & Interest Payable | 32,241,238 |
| Accounts Payable & Other Liabilities | 2,953,487 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 118,807,864 |
| Regular shares | 342,535,163 |
| All Other Shares & Deposits | 129,355,888 |
| TOTAL SHARES & DEPOSITS | 590,698,915 |
| TOTAL LIABILITIES | 625,918,152 |
| Regular Reserve | 4,300,000 |
| Other Reserves | 228,392 |
| Undivided Earnings | 80,406,514 |
| TOTAL EQUITY | 84,934,906 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 710,853,058 |
| INCOME & EXPENSE | |
| Loan Income | 3,497,766 |
| Investment Income | 435,169 |
| Other Income | 201,707 |
| Total Employee Compensation & Benefits | 1,577,373 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 963,349 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 29,000 |
| Cost of Funds | 674,356 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,065,018 |
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