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IDB GLOBAL FEDERAL CREDIT UNION

Mar, 31, 2021 — IDB GLOBAL FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 1 branch location and about $710.85 million in total assets. Opened 60 years ago in 1961, IDB GLOBAL FEDERAL CREDIT UNION has about 10,452 members and employs 43 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:10,452
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$710,853,058
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 65,417,960
TOTAL INVESTMENTS 177,726,109
Loans Held for Sale 0
 
 Real Estate Loans 417,400,601
 Unsecured Loans 10,385,217
 Other Loans 26,535,966
 TOTAL LOANS 454,321,784
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,151,113
 Land And Building 0
 Other Fixed Assets 116,132
 NCUSIF Deposit 4,472,216
 All Other Assets 9,949,970
  TOTAL ASSETS 710,853,058
LIABILITIES & CAPITAL:  
 Dividends Payable 24,512
 Notes & Interest Payable 32,241,238
 Accounts Payable & Other Liabilities 2,953,487
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 118,807,864
 Regular shares 342,535,163
 All Other Shares & Deposits 129,355,888
  TOTAL SHARES & DEPOSITS 590,698,915
  TOTAL LIABILITIES 625,918,152
 Regular Reserve 4,300,000
 Other Reserves 228,392
 Undivided Earnings 80,406,514
  TOTAL EQUITY 84,934,906
  TOTAL LIABILITIES, SHARES, & EQUITY 710,853,058
INCOME & EXPENSE  
 Loan Income 3,497,766
 Investment Income 435,169
 Other Income 201,707
 Total Employee Compensation & Benefits 1,577,373
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 963,349
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 29,000
 Cost of Funds 674,356
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,065,018
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