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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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