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DN COMMUNITY FEDERAL CREDIT UNION

Mar, 31, 2021 — DN COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in CANTON, OH with 2 branch locations and about $28.97 million in total assets. Opened 67 years ago in 1954, DN COMMUNITY FEDERAL CREDIT UNION has about 3,714 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:DN COMMUNITY FEDERAL CREDIT UNION
Address:
(Main Office)
3964 FULTON DR NW
CANTON, OH 44718
Phone:(330) 526-2075
Fax:(330) 305-1906
Website:http://www.dncfcu.com
Branches:2 branch locations
Members:3,714
Credit Union Type:Federal Credit Union
Charter Number:24720
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1954
Last Audited:Dec 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$28,965,477
CEO/Manager:Greg S Grosklos
Chairperson:Rick G Lindenberger

Call Report

  • Commercial Loans
  • Credit Builder
  • Indirect Consumer Loans
  • Micro Business Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,913,000
TOTAL INVESTMENTS 966,049
Loans Held for Sale 0
 
 Real Estate Loans 8,853,881
 Unsecured Loans 1,822,342
 Other Loans 11,096,670
 TOTAL LOANS 21,772,893
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -241,941
 Land And Building 1,070,432
 Other Fixed Assets 40,684
 NCUSIF Deposit 200,184
 All Other Assets 244,176
  TOTAL ASSETS 28,965,477
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 54,176
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,638,470
 Regular shares 11,588,078
 All Other Shares & Deposits 8,755,978
  TOTAL SHARES & DEPOSITS 26,982,526
  TOTAL LIABILITIES 27,036,702
 Regular Reserve 258,965
 Other Reserves 0
 Undivided Earnings 1,669,810
  TOTAL EQUITY 1,928,775
  TOTAL LIABILITIES, SHARES, & EQUITY 28,965,477
INCOME & EXPENSE  
 Loan Income 275,993
 Investment Income 1,424
 Other Income 19,900
 Total Employee Compensation & Benefits 115,441
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 158,657
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 14,118
 Cost of Funds 21,900
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 29,121
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