Jun, 30, 2024 — DELAWARE RIVER & BAY AUTH EMP FEDERAL CREDIT UNION is a federal credit union headquartered in NEW CASTLE, DE with 3 branch locations and about $5.76 million in total assets. Opened 59 years ago in 1965, DELAWARE RIVER & BAY AUTH EMP FEDERAL CREDIT UNION has about 539 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 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: | 539 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,760,048 |
| CEO/Manager: | Joseph Larotonda |
| Chairperson: | Mark Delano |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 0 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 0 |
| Other Loans | 490,435 |
| TOTAL LOANS | 490,435 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -32,975 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 48,323 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,760,048 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 5,989 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 298 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 4,749,124 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 4,749,124 |
| TOTAL LIABILITIES | 4,755,411 |
| Regular Reserve | 0 |
| Other Reserves | 310,585 |
| Undivided Earnings | 694,052 |
| TOTAL EQUITY | 1,004,637 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,760,048 |
| INCOME & EXPENSE | |
| Loan Income | 23,923 |
| Investment Income | 44,837 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 13,318 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 14,390 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 17,862 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 23,390 |
| ↑ Back to Top | |