Dec, 31, 2021 — DELAWARE ALLIANCE FEDERAL CREDIT UNION is a federal credit union headquartered in NEW CASTLE, DE with 1 branch location and about $26.31 million in total assets. Opened 59 years ago in 1963, DELAWARE ALLIANCE FEDERAL CREDIT UNION has about 3,220 members and employs 4 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: | http://www.all4youfcu.org |
| Branches: | 1 branch locations |
| Members: | 3,220 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $26,305,103 |
| CEO/Manager: | Dawn L Sutcliffe |
| Chairperson: | Merry E Cole |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,631,607 |
| TOTAL INVESTMENTS | 19,055,056 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 888,371 |
| Unsecured Loans | 1,263,922 |
| Other Loans | 3,085,435 |
| TOTAL LOANS | 5,237,728 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -186,257 |
| Land And Building | 241,255 |
| Other Fixed Assets | 40,857 |
| NCUSIF Deposit | 216,660 |
| All Other Assets | 68,197 |
| TOTAL ASSETS | 26,305,103 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 139,684 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,177,600 |
| Regular shares | 17,235,588 |
| All Other Shares & Deposits | 3,384,296 |
| TOTAL SHARES & DEPOSITS | 22,797,484 |
| TOTAL LIABILITIES | 22,937,168 |
| Regular Reserve | 317,106 |
| Other Reserves | 0 |
| Undivided Earnings | 3,050,829 |
| TOTAL EQUITY | 3,367,935 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 26,305,103 |
| INCOME & EXPENSE | |
| Loan Income | 358,499 |
| Investment Income | 222,002 |
| Other Income | 134,160 |
| Total Employee Compensation & Benefits | 401,844 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 466,037 |
| Non-operating Income & (Expense) | 20,296 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 12,727 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 51,311 |
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