Jun, 30, 2024 — THE DISTRICT FEDERAL CREDIT UNION is a federal credit union headquartered in AURORA, CO with 4 branch locations and about $143.06 million in total assets. Opened 64 years ago in 1961, THE DISTRICT FEDERAL CREDIT UNION has about 7,000 members and employs 23 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | THE DISTRICT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 751 Chambers Rd AURORA, CO 80011-7151 |
| Phone: | (303) 360-0987 |
| Fax: | (303) 360-0511 |
| Website: | https://www.districtcreditunion.com |
| Branches: | 4 branch locations |
| Members: | 7,000 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14369 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $143,059,046 |
| CEO/Manager: | Steve Bouras |
| Chairperson: | Suzanne Acheson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,907,063 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,201,555 |
| Real Estate Loans | 76,002,409 |
| Unsecured Loans | 1,507,712 |
| Other Loans | 11,959,271 |
| TOTAL LOANS | 89,469,392 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -173,713 |
| Land And Building | 552,683 |
| Other Fixed Assets | 518,270 |
| NCUSIF Deposit | 1,343,399 |
| All Other Assets | 0 |
| TOTAL ASSETS | 143,059,046 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,119 |
| Notes & Interest Payable | 3,457,820 |
| Accounts Payable & Other Liabilities | 271,201 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 22,125,025 |
| Regular shares | 36,926,335 |
| All Other Shares & Deposits | 72,826,667 |
| TOTAL SHARES & DEPOSITS | 131,878,027 |
| TOTAL LIABILITIES | 135,611,167 |
| Regular Reserve | 0 |
| Other Reserves | -4,766,662 |
| Undivided Earnings | 12,214,541 |
| TOTAL EQUITY | 7,447,879 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 143,059,046 |
| INCOME & EXPENSE | |
| Loan Income | 2,113,942 |
| Investment Income | 502,496 |
| Other Income | 216,350 |
| Total Employee Compensation & Benefits | 1,192,061 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,432,976 |
| Non-operating Income & (Expense) | -8,184 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 147,795 |
| Cost of Funds | 443,948 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 131,190 |
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