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 |
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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 |
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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 |
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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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