Dec, 31, 2023 — DELAWARE ALLIANCE FEDERAL CREDIT UNION is a federal credit union headquartered in NEW CASTLE, DE with 1 branch location and about $24.63 million in total assets. Opened 61 years ago in 1963, DELAWARE ALLIANCE FEDERAL CREDIT UNION has about 2,768 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DELAWARE ALLIANCE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2320 N Dupont Hwy NEW CASTLE, DE 19720-6327 |
| Phone: | (302) 429-0404 |
| Fax: | (302) 577-2837 |
| Website: | https://www.all4youfcu.org |
| Branches: | 1 branch locations |
| Members: | 2,768 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15790 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $24,630,548 |
| CEO/Manager: | Dawn L Sutcliffe |
| Chairperson: | Merry E Cole |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,287,714 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 943,058 |
| Unsecured Loans | 1,064,031 |
| Other Loans | 3,206,095 |
| TOTAL LOANS | 5,213,184 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -133,769 |
| Land And Building | 229,352 |
| Other Fixed Assets | 13,556 |
| NCUSIF Deposit | 228,082 |
| All Other Assets | 0 |
| TOTAL ASSETS | 24,630,548 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 241,088 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,095,506 |
| Regular shares | 15,777,625 |
| All Other Shares & Deposits | 3,030,558 |
| TOTAL SHARES & DEPOSITS | 20,903,688 |
| TOTAL LIABILITIES | 21,144,776 |
| Regular Reserve | 0 |
| Other Reserves | 7,979 |
| Undivided Earnings | 3,477,793 |
| TOTAL EQUITY | 3,485,772 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 24,630,548 |
| INCOME & EXPENSE | |
| Loan Income | 323,459 |
| Investment Income | 288,081 |
| Other Income | 171,333 |
| Total Employee Compensation & Benefits | 434,689 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 404,910 |
| Non-operating Income & (Expense) | 76,304 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 11,228 |
| Cost of Funds | 35,829 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 81,010 |
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