Sep, 30, 2022 — DEPARTMENT OF THE INTERIOR FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 2 branch locations and about $287.18 million in total assets. Opened 88 years ago in 1935, DEPARTMENT OF THE INTERIOR FEDERAL CREDIT UNION has about 21,863 members and employs 41 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DEPARTMENT OF THE INTERIOR FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1849 C ST NW RM B038 WASHINGTON, DC 20240 |
| Phone: | (202) 208-3936 |
| Fax: | (202) 219-9326 |
| Website: | https://www.interiorfcu.org |
| Branches: | 2 branch locations |
| Members: | 21,863 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 319 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $287,175,473 |
| CEO/Manager: | Michael Merryman |
| Chairperson: | Mark Davis |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,834,468 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 776,724 |
| Real Estate Loans | 158,938,756 |
| Unsecured Loans | 51,686,175 |
| Other Loans | 29,785,942 |
| TOTAL LOANS | 240,410,873 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,024,447 |
| Land And Building | 0 |
| Other Fixed Assets | 211,897 |
| NCUSIF Deposit | 2,106,111 |
| All Other Assets | 154,516 |
| TOTAL ASSETS | 287,175,473 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 173,645 |
| Notes & Interest Payable | 11,181,736 |
| Accounts Payable & Other Liabilities | 1,735,361 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 39,868,461 |
| Regular shares | 68,776,201 |
| All Other Shares & Deposits | 147,215,768 |
| TOTAL SHARES & DEPOSITS | 255,860,430 |
| TOTAL LIABILITIES | 268,951,172 |
| Regular Reserve | 0 |
| Other Reserves | -3,283,353 |
| Undivided Earnings | 21,507,654 |
| TOTAL EQUITY | 18,224,301 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 287,175,473 |
| INCOME & EXPENSE | |
| Loan Income | 7,374,138 |
| Investment Income | 436,629 |
| Other Income | 807,287 |
| Total Employee Compensation & Benefits | 3,153,491 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,533,031 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 440,583 |
| Cost of Funds | 1,267,870 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,271,773 |
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