Sep, 30, 2025 — DEPARTMENT OF COMMERCE FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 2 branch locations and about $768.56 million in total assets. Opened 62 years ago in 1964, DEPARTMENT OF COMMERCE FEDERAL CREDIT UNION has about 29,774 members and employs 80 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DEPARTMENT OF COMMERCE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1401 Constitution Ave NW Rm B-0038A WASHINGTON, DC 20230-0001 |
| Phone: | (202) 808-3600 |
| Fax: | (202) 482-4317 |
| Website: | https://www.docfcu.org |
| Branches: | 2 branch locations |
| Members: | 29,774 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16410 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $768,561,605 |
| CEO/Manager: | Patrick T Collins |
| Chairperson: | Brian x Digiacomo |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,727,860 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 460,647,185 |
| Unsecured Loans | 128,840,344 |
| Other Loans | 95,580,573 |
| TOTAL LOANS | 685,068,102 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -16,956,466 |
| Land And Building | 0 |
| Other Fixed Assets | 1,221,425 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 6,867,339 |
| All Other Assets | 293,488 |
| TOTAL ASSETS | 768,561,605 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 5,000,000 |
| Accounts Payable & Other Liabilities | 16,940,392 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 7,520,000 |
| Share Drafts | 97,542,870 |
| Regular shares | 108,209,365 |
| All Other Shares & Deposits | 505,261,036 |
| TOTAL SHARES & DEPOSITS | 711,013,271 |
| TOTAL LIABILITIES | 740,473,663 |
| Regular Reserve | 0 |
| Other Reserves | -498,526 |
| Undivided Earnings | 28,586,468 |
| TOTAL EQUITY | 28,087,942 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 768,561,605 |
| INCOME & EXPENSE | |
| Loan Income | 29,210,298 |
| Investment Income | 2,902,987 |
| Other Income | 2,694,729 |
| Total Employee Compensation & Benefits | 9,231,457 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 5,903,165 |
| Non-operating Income & (Expense) | 158,852 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,489,666 |
| Cost of Funds | 16,216,526 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -1,023,679 |
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