Dec, 31, 2020 — IDB GLOBAL FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 1 branch location and about $687.99 million in total assets. Opened 60 years ago in 1961, IDB GLOBAL FEDERAL CREDIT UNION has about 10,661 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: | 10,661 |
| 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, 2019 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $687,988,843 |
| CEO/Manager: | William (Chip) L Lusk, Jr. |
| Chairperson: | MARIA V ZEMBORAIN |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 54,819,272 |
| TOTAL INVESTMENTS | 167,013,649 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 411,972,626 |
| Unsecured Loans | 10,612,702 |
| Other Loans | 30,056,319 |
| TOTAL LOANS | 452,641,647 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,117,409 |
| Land And Building | 0 |
| Other Fixed Assets | 146,468 |
| NCUSIF Deposit | 4,472,216 |
| All Other Assets | 10,013,000 |
| TOTAL ASSETS | 687,988,843 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 20,037 |
| Notes & Interest Payable | 27,142,783 |
| Accounts Payable & Other Liabilities | 1,737,531 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 114,362,519 |
| Regular shares | 329,247,775 |
| All Other Shares & Deposits | 129,234,322 |
| TOTAL SHARES & DEPOSITS | 572,844,616 |
| TOTAL LIABILITIES | 601,744,967 |
| Regular Reserve | 4,300,000 |
| Other Reserves | 2,602,381 |
| Undivided Earnings | 79,341,495 |
| TOTAL EQUITY | 86,243,876 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 687,988,843 |
| INCOME & EXPENSE | |
| Loan Income | 14,408,659 |
| Investment Income | 2,196,100 |
| Other Income | 1,518,288 |
| Total Employee Compensation & Benefits | 5,892,764 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,969,959 |
| Non-operating Income & (Expense) | 45,123 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 528,000 |
| Cost of Funds | 3,306,590 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,470,857 |
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