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IDB GLOBAL FEDERAL CREDIT UNION

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

Call Report

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

Financial Summary

» See also Statement of Financial Condition
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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