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IDB GLOBAL FEDERAL CREDIT UNION

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

Call Report

  • Commercial Loans
  • Interest Only or Payment Option 1st Mortgage Loans
  • Overdraft Lines of Credit
  • Participation Loans
  • Real Estate Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • First Time Homebuyer Program
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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