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IDB GLOBAL FEDERAL CREDIT UNION

Sep, 30, 2022 — IDB GLOBAL FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 1 branch location and about $756.02 million in total assets. Opened 62 years ago in 1961, IDB GLOBAL FEDERAL CREDIT UNION has about 10,762 members and employs 49 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:https://www.idbglobalfcu.org
Branches:1 branch locations
Members:10,762
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:$756,023,212
CEO/Manager:William (Chip) L Lusk, Jr.
Chairperson:MARIA V ZEMBORAIN

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 39,305,889
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 496,989,522
 Unsecured Loans 16,729,980
 Other Loans 34,533,068
 TOTAL LOANS 548,252,570
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -897,025
 Land And Building 0
 Other Fixed Assets 57,440
 NCUSIF Deposit 4,964,881
 All Other Assets 0
  TOTAL ASSETS 756,023,212
LIABILITIES & CAPITAL:  
 Dividends Payable 8,027
 Notes & Interest Payable 49,976,786
 Accounts Payable & Other Liabilities 3,475,411
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 123,868,836
 Regular shares 369,495,429
 All Other Shares & Deposits 132,418,320
  TOTAL SHARES & DEPOSITS 625,782,585
  TOTAL LIABILITIES 679,242,809
 Regular Reserve 0
 Other Reserves -15,023,077
 Undivided Earnings 91,803,480
  TOTAL EQUITY 76,780,403
  TOTAL LIABILITIES, SHARES, & EQUITY 756,023,212
INCOME & EXPENSE  
 Loan Income 11,236,756
 Investment Income 1,940,276
 Other Income 681,022
 Total Employee Compensation & Benefits 5,107,664
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,502,548
 Non-operating Income & (Expense) -2,064
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 27,000
 Cost of Funds 1,935,606
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 3,878,050
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