Dec, 31, 2023 — F R B FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 3 branch locations and about $126.56 million in total assets. Opened 89 years ago in 1935, F R B FEDERAL CREDIT UNION has about 5,620 members and employs 19 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | F R B FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | Board of Governors of the Federal Reserve System WASHINGTON, DC 20551 |
Phone: | (202) 452-2800 |
Fax: | (202) 833-2142 |
Website: | https://frbfcu.org |
Branches: | 3 branch locations |
Members: | 5,620 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 320 |
---|---|
Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $126,559,405 |
CEO/Manager: | Theresa A Trimble |
Chairperson: | KEN FRANKLIN |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 5,848,472 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 75,678,496 |
Unsecured Loans | 7,682,619 |
Other Loans | 8,224,159 |
TOTAL LOANS | 91,585,273 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -567,798 |
Land And Building | 0 |
Other Fixed Assets | 137,948 |
NCUSIF Deposit | 941,524 |
All Other Assets | 58,264 |
TOTAL ASSETS | 126,559,405 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 702,125 |
Notes & Interest Payable | 7,100,000 |
Accounts Payable & Other Liabilities | 958,805 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 31,937,434 |
Regular shares | 24,781,159 |
All Other Shares & Deposits | 51,600,015 |
TOTAL SHARES & DEPOSITS | 108,318,608 |
TOTAL LIABILITIES | 117,079,538 |
Regular Reserve | 0 |
Other Reserves | -849,850 |
Undivided Earnings | 10,329,717 |
TOTAL EQUITY | 9,479,867 |
TOTAL LIABILITIES, SHARES, & EQUITY | 126,559,405 |
INCOME & EXPENSE | |
Loan Income | 4,083,495 |
Investment Income | 413,136 |
Other Income | 96,425 |
Total Employee Compensation & Benefits | 1,779,028 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,823,532 |
Non-operating Income & (Expense) | -7,925 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 113,618 |
Cost of Funds | 1,502,465 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -130,188 |
↑ Back to Top |
» See also Statement of Financial Condition