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 |
| 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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