Dec, 31, 2023 — DIGITAL FEDERAL CREDIT UNION (DCU) is a federal credit union headquartered in MARLBOROUGH, MA with 23 branch locations and about $12.08 billion in total assets. Opened 45 years ago in 1979, DIGITAL FEDERAL CREDIT UNION (DCU) has more than 1.1 million members and employs 1,822 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DIGITAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 853 Donald Lynch Blvd MARLBOROUGH, MA 01752 |
| Phone: | (508) 804-9705 |
| Fax: | |
| Website: | https://www.dcu.org |
| Branches: | 23 branch locations |
| Members: | 1,108,918 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23521 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1979 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $12,084,941,572 |
| CEO/Manager: | Shruti Miyashiro |
| Chairperson: | Lionel C Raffi |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 787,882,394 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 21,268,125 |
| Real Estate Loans | 5,355,244,815 |
| Unsecured Loans | 1,211,760,224 |
| Other Loans | 4,416,730,808 |
| TOTAL LOANS | 10,983,745,136 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -177,924,008 |
| Land And Building | 41,442,052 |
| Other Fixed Assets | 59,060,206 |
| NCUSIF Deposit | 98,315,009 |
| All Other Assets | 964,191 |
| TOTAL ASSETS | 12,084,941,572 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 515,000,000 |
| Accounts Payable & Other Liabilities | 106,283,888 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,232,298,983 |
| Regular shares | 3,525,645,245 |
| All Other Shares & Deposits | 3,600,093,444 |
| TOTAL SHARES & DEPOSITS | 10,358,037,672 |
| TOTAL LIABILITIES | 10,980,521,560 |
| Regular Reserve | 0 |
| Other Reserves | -2,848,134 |
| Undivided Earnings | 1,107,268,146 |
| TOTAL EQUITY | 1,104,420,012 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 12,084,941,572 |
| INCOME & EXPENSE | |
| Loan Income | 522,869,590 |
| Investment Income | 25,201,915 |
| Other Income | 11,640,619 |
| Total Employee Compensation & Benefits | 172,017,379 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 182,246,607 |
| Non-operating Income & (Expense) | 659,912 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 104,000,000 |
| Cost of Funds | 121,088,581 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 84,035,290 |
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