Sep, 30, 2025 — STATE DEPARTMENT FEDERAL CREDIT UNION is a federal credit union headquartered in ALEXANDRIA, VA with 6 branch locations and about $2.90 billion in total assets. Opened 91 years ago in 1935, STATE DEPARTMENT FEDERAL CREDIT UNION has about 85,755 members and employs 228 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | STATE DEPARTMENT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1630 King St ALEXANDRIA, VA 22314-2763 |
| Phone: | (703) 706-5000 |
| Fax: | |
| Website: | https://www.sdfcu.org |
| Branches: | 6 branch locations |
| Members: | 85,755 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 435 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,895,924,653 |
| CEO/Manager: | James T Hayes |
| Chairperson: | Marlene E Schwartz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 158,310,526 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,049,287,468 |
| Unsecured Loans | 193,884,607 |
| Other Loans | 178,935,518 |
| TOTAL LOANS | 1,422,107,593 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -16,740,227 |
| Land And Building | 12,088,873 |
| Other Fixed Assets | 5,124,479 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 18,765,414 |
| All Other Assets | 56,689 |
| TOTAL ASSETS | 2,895,924,653 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 841,609 |
| Notes & Interest Payable | 297,500,000 |
| Accounts Payable & Other Liabilities | 14,848,272 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 487,228,704 |
| Regular shares | 387,696,120 |
| All Other Shares & Deposits | 1,479,786,206 |
| TOTAL SHARES & DEPOSITS | 2,354,711,030 |
| TOTAL LIABILITIES | 2,667,900,911 |
| Regular Reserve | 0 |
| Other Reserves | -78,087,247 |
| Undivided Earnings | 306,110,989 |
| TOTAL EQUITY | 228,023,742 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,895,924,653 |
| INCOME & EXPENSE | |
| Loan Income | 63,250,229 |
| Investment Income | 33,057,134 |
| Other Income | 2,065,187 |
| Total Employee Compensation & Benefits | 21,962,170 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 22,744,291 |
| Non-operating Income & (Expense) | 824,604 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 11,338,006 |
| Cost of Funds | 46,681,267 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,236,822 |
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