Dec, 31, 2023 — DENVER FIRE DEPARTMENT FEDERAL CREDIT UNION is a federal credit union headquartered in DENVER, CO with 2 branch locations and about $204.26 million in total assets. Opened 86 years ago in 1938, DENVER FIRE DEPARTMENT FEDERAL CREDIT UNION has about 6,148 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DENVER FIRE DEPARTMENT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 12 Lakeside Ln DENVER, CO 80212-7413 |
| Phone: | (303) 228-5300 |
| Fax: | (303) 228-5333 |
| Website: | https://www.dfdfcu.com |
| Branches: | 2 branch locations |
| Members: | 6,148 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2881 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Oct 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $204,262,353 |
| CEO/Manager: | Michael Kerr |
| Chairperson: | Scott Simpson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 15,742,747 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 79,718,390 |
| Unsecured Loans | 3,647,253 |
| Other Loans | 18,993,635 |
| TOTAL LOANS | 102,359,278 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -435,463 |
| Land And Building | 4,679,294 |
| Other Fixed Assets | 102,507 |
| NCUSIF Deposit | 1,489,074 |
| All Other Assets | 0 |
| TOTAL ASSETS | 204,262,353 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 8,000,000 |
| Accounts Payable & Other Liabilities | 1,413,914 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 33,492,936 |
| Regular shares | 71,680,552 |
| All Other Shares & Deposits | 69,104,371 |
| TOTAL SHARES & DEPOSITS | 174,277,859 |
| TOTAL LIABILITIES | 183,691,773 |
| Regular Reserve | 0 |
| Other Reserves | -5,052,948 |
| Undivided Earnings | 25,623,528 |
| TOTAL EQUITY | 20,570,580 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 204,262,353 |
| INCOME & EXPENSE | |
| Loan Income | 4,255,924 |
| Investment Income | 2,859,683 |
| Other Income | 114,021 |
| Total Employee Compensation & Benefits | 1,695,953 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,438,707 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 2,041,028 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,709,461 |
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» See also Statement of Financial Condition