Sep, 30, 2025 — DELAWARE RIVER & BAY AUTH EMP FEDERAL CREDIT UNION is a federal credit union headquartered in NEW CASTLE, DE with 3 branch locations and about $4.24 million in total assets. Opened 61 years ago in 1965, DELAWARE RIVER & BAY AUTH EMP FEDERAL CREDIT UNION has about 396 members and employs 5 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 RIVER & BAY AUTH EMP FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | I295 & New Castle Ave NEW CASTLE, DE 19720 |
| Phone: | (302) 571-6323 |
| Fax: | (302) 571-6367 |
| Website: | n/a |
| Branches: | 3 branch locations |
| Members: | 396 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16769 |
|---|---|
| Membership Type: | Manufacturing - Transportation Equipment |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,239,815 |
| CEO/Manager: | Joseph Larotonda |
| Chairperson: | Mark Delano |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 298,335 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 452,033 |
| Other Loans | 81,566 |
| TOTAL LOANS | 533,599 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -39,057 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 33,241 |
| All Other Assets | 0 |
| TOTAL ASSETS | 4,239,815 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6,013 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 309 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 3,200,345 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 3,200,345 |
| TOTAL LIABILITIES | 3,206,667 |
| Regular Reserve | 0 |
| Other Reserves | 310,585 |
| Undivided Earnings | 722,563 |
| TOTAL EQUITY | 1,033,148 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,239,815 |
| INCOME & EXPENSE | |
| Loan Income | 21,887 |
| Investment Income | 55,834 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 13,162 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 14,547 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 30,980 |
| Cost of Funds | 17,919 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,113 |
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