Dec, 31, 2023 — DADE COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in SWEETWATER, FL with 11 branch locations and about $1.36 billion in total assets. Opened 33 years ago in 1991, DADE COUNTY FEDERAL CREDIT UNION has about 102,905 members and employs 249 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | DADE COUNTY FEDERAL CREDIT UNION |
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Address: (Main Office) | 1500 NW 107th Ave SWEETWATER, FL 33172-2706 |
Phone: | (305) 471-5080 |
Fax: | (305) 392-2597 |
Website: | https://www.dcfcu.org |
Branches: | 11 branch locations |
Members: | 102,905 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24508 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1991 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,356,872,964 |
CEO/Manager: | George G Joseph |
Chairperson: | Bonnie L Burrell |
ASSETS: | $ Amount |
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Cash & Equivalents | 131,892,625 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 412,911,913 |
Unsecured Loans | 102,452,755 |
Other Loans | 344,187,487 |
TOTAL LOANS | 859,552,155 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -12,165,308 |
Land And Building | 32,124,737 |
Other Fixed Assets | 8,626,838 |
NCUSIF Deposit | 9,759,489 |
All Other Assets | 313,841 |
TOTAL ASSETS | 1,356,872,964 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 2,676,563 |
Notes & Interest Payable | 165,000,000 |
Accounts Payable & Other Liabilities | 44,964,197 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 228,357,588 |
Regular shares | 463,029,057 |
All Other Shares & Deposits | 352,859,421 |
TOTAL SHARES & DEPOSITS | 1,044,246,066 |
TOTAL LIABILITIES | 1,256,886,826 |
Regular Reserve | 0 |
Other Reserves | -46,737,898 |
Undivided Earnings | 146,724,036 |
TOTAL EQUITY | 99,986,138 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,356,872,964 |
INCOME & EXPENSE | |
Loan Income | 45,806,927 |
Investment Income | 7,508,084 |
Other Income | 23,299,315 |
Total Employee Compensation & Benefits | 25,662,662 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 23,133,379 |
Non-operating Income & (Expense) | 828,173 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,229,516 |
Cost of Funds | 10,082,614 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 13,826,442 |
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» See also Statement of Financial Condition