Dec, 31, 2023 — DEXSTA FEDERAL CREDIT UNION is a federal credit union headquartered in WILMINGTON, DE with 6 branch locations and about $454.63 million in total assets. Opened 87 years ago in 1937, DEXSTA FEDERAL CREDIT UNION has about 37,590 members and employs 75 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DEXSTA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 300 Foulk Rd WILMINGTON, DE 19803 |
| Phone: | (302) 571-0522 |
| Fax: | (302) 225-0619 |
| Website: | https://www.dexsta.com |
| Branches: | 6 branch locations |
| Members: | 37,590 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2187 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $454,631,250 |
| CEO/Manager: | Jerry King |
| Chairperson: | Marie H Davis |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 61,206,212 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 57,065,188 |
| Unsecured Loans | 34,741,864 |
| Other Loans | 186,869,050 |
| TOTAL LOANS | 278,676,102 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,888,011 |
| Land And Building | 6,758,684 |
| Other Fixed Assets | 683,861 |
| NCUSIF Deposit | 3,566,211 |
| All Other Assets | 0 |
| TOTAL ASSETS | 454,631,250 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 116,380 |
| Notes & Interest Payable | 55,000,000 |
| Accounts Payable & Other Liabilities | 3,391,810 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 81,993,610 |
| Regular shares | 154,707,377 |
| All Other Shares & Deposits | 134,840,478 |
| TOTAL SHARES & DEPOSITS | 371,541,466 |
| TOTAL LIABILITIES | 430,049,656 |
| Regular Reserve | 0 |
| Other Reserves | 9,639,274 |
| Undivided Earnings | 14,942,320 |
| TOTAL EQUITY | 24,581,594 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 454,631,250 |
| INCOME & EXPENSE | |
| Loan Income | 14,481,732 |
| Investment Income | 1,543,943 |
| Other Income | 1,860,046 |
| Total Employee Compensation & Benefits | 5,186,850 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 7,323,087 |
| Non-operating Income & (Expense) | 96,829 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,236,000 |
| Cost of Funds | 4,505,803 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,525,915 |
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