Mar, 31, 2022 — DEPARTMENT OF THE INTERIOR FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 2 branch locations and about $258.42 million in total assets. Opened 87 years ago in 1935, DEPARTMENT OF THE INTERIOR FEDERAL CREDIT UNION has about 20,857 members and employs 39 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: | http://www.interiorfcu.org |
| Branches: | 2 branch locations |
| Members: | 20,857 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $258,416,941 |
| CEO/Manager: | Michael Merryman |
| Chairperson: | Mark Davis |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 16,917,658 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,987,553 |
| Real Estate Loans | 132,602,490 |
| Unsecured Loans | 47,577,731 |
| Other Loans | 23,917,061 |
| TOTAL LOANS | 204,097,282 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,050,011 |
| Land And Building | 0 |
| Other Fixed Assets | 227,578 |
| NCUSIF Deposit | 2,084,026 |
| All Other Assets | 161,093 |
| TOTAL ASSETS | 258,416,941 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 97,946 |
| Notes & Interest Payable | 9,208,147 |
| Accounts Payable & Other Liabilities | 1,958,848 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 40,366,718 |
| Regular shares | 69,096,679 |
| All Other Shares & Deposits | 117,204,953 |
| TOTAL SHARES & DEPOSITS | 226,668,350 |
| TOTAL LIABILITIES | 237,933,291 |
| Regular Reserve | 0 |
| Other Reserves | -237,122 |
| Undivided Earnings | 20,720,772 |
| TOTAL EQUITY | 20,483,650 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 258,416,941 |
| INCOME & EXPENSE | |
| Loan Income | 2,249,314 |
| Investment Income | 106,531 |
| Other Income | 251,833 |
| Total Employee Compensation & Benefits | 1,125,009 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,077,613 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 106,838 |
| Cost of Funds | 329,723 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 484,890 |
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