Mar, 31, 2021 — DELAWARE ALLIANCE FEDERAL CREDIT UNION is a federal credit union headquartered in NEW CASTLE, DE with 1 branch location and about $26.90 million in total assets. Opened 58 years ago in 1963, DELAWARE ALLIANCE FEDERAL CREDIT UNION has about 3,338 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 HIGHWAY NEW CASTLE, DE 19720-6327 |
| Phone: | (302) 429-0404 |
| Fax: | (302) 577-2837 |
| Website: | http://www.allyfed.org |
| Branches: | 1 branch locations |
| Members: | 3,338 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $26,899,008 |
| CEO/Manager: | Dawn L Sutcliffe |
| Chairperson: | Merry E Cole |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,714,455 |
| TOTAL INVESTMENTS | 18,151,056 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,052,963 |
| Unsecured Loans | 1,311,504 |
| Other Loans | 3,291,142 |
| TOTAL LOANS | 5,655,609 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -178,288 |
| Land And Building | 246,468 |
| Other Fixed Assets | 41,900 |
| NCUSIF Deposit | 184,362 |
| All Other Assets | 83,446 |
| TOTAL ASSETS | 26,899,008 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 225,127 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,355,554 |
| Regular shares | 17,357,464 |
| All Other Shares & Deposits | 3,635,255 |
| TOTAL SHARES & DEPOSITS | 23,348,273 |
| TOTAL LIABILITIES | 23,573,400 |
| Regular Reserve | 317,106 |
| Other Reserves | 0 |
| Undivided Earnings | 3,008,502 |
| TOTAL EQUITY | 3,325,608 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 26,899,008 |
| INCOME & EXPENSE | |
| Loan Income | 94,462 |
| Investment Income | 60,892 |
| Other Income | 31,727 |
| Total Employee Compensation & Benefits | 105,893 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 112,421 |
| Non-operating Income & (Expense) | 15,313 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 4,366 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 8,983 |
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