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DEPARTMENT OF THE INTERIOR FEDERAL CREDIT UNION

Jun, 30, 2023 — 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 89 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.


ABA Routing Number: 254074442
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

Call Report

Financial Summary

» See also Statement of Financial Condition
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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