Jun, 30, 2024 — DC FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 3 branch locations and about $81.23 million in total assets. Opened 70 years ago in 1954, DC FEDERAL CREDIT UNION has about 9,966 members and employs 18 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DC FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2000 14th St NW WASHINGTON, DC 20009-4473 |
| Phone: | (877) 784-5551 |
| Fax: | (202) 673-3508 |
| Website: | https://www.dccreditunion.coop |
| Branches: | 3 branch locations |
| Members: | 9,966 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16411 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $81,233,069 |
| CEO/Manager: | Sybil A Bogans |
| Chairperson: | Charlotte D Ducksworth |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,653,891 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 25,706,134 |
| Unsecured Loans | 13,328,438 |
| Other Loans | 12,910,720 |
| TOTAL LOANS | 51,945,292 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,100,000 |
| Land And Building | 0 |
| Other Fixed Assets | 21,001 |
| NCUSIF Deposit | 690,252 |
| All Other Assets | 0 |
| TOTAL ASSETS | 81,233,069 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,465,520 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 1,422,000 |
| Share Drafts | 15,412,425 |
| Regular shares | 38,195,667 |
| All Other Shares & Deposits | 18,542,091 |
| TOTAL SHARES & DEPOSITS | 72,150,183 |
| TOTAL LIABILITIES | 75,037,703 |
| Regular Reserve | 0 |
| Other Reserves | -3,326,127 |
| Undivided Earnings | 9,521,493 |
| TOTAL EQUITY | 6,195,366 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 81,233,069 |
| INCOME & EXPENSE | |
| Loan Income | 2,157,965 |
| Investment Income | 325,996 |
| Other Income | 728,015 |
| Total Employee Compensation & Benefits | 1,065,956 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,649,472 |
| Non-operating Income & (Expense) | 917,429 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -28,642 |
| Cost of Funds | 114,334 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,328,285 |
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