Mar, 31, 2022 — STATE DEPARTMENT FEDERAL CREDIT UNION is a federal credit union headquartered in ALEXANDRIA, VA with 6 branch locations and about $2.63 billion in total assets. Opened 87 years ago in 1935, STATE DEPARTMENT FEDERAL CREDIT UNION has about 90,982 members and employs 193 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: | http://www.sdfcu.org |
| Branches: | 6 branch locations |
| Members: | 90,982 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,625,740,432 |
| CEO/Manager: | Jan N Roche |
| Chairperson: | Marlene E Schwartz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 32,893,994 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 760,464,918 |
| Unsecured Loans | 137,815,316 |
| Other Loans | 287,840,748 |
| TOTAL LOANS | 1,186,120,982 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,127,842 |
| Land And Building | 13,143,675 |
| Other Fixed Assets | 6,122,140 |
| NCUSIF Deposit | 18,053,857 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,625,740,432 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 23,825 |
| Notes & Interest Payable | 130,117,561 |
| Accounts Payable & Other Liabilities | 14,988,374 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 498,370,555 |
| Regular shares | 468,498,786 |
| All Other Shares & Deposits | 1,313,481,788 |
| TOTAL SHARES & DEPOSITS | 2,280,351,129 |
| TOTAL LIABILITIES | 2,425,480,889 |
| Regular Reserve | 0 |
| Other Reserves | -54,992,744 |
| Undivided Earnings | 255,252,287 |
| TOTAL EQUITY | 200,259,543 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,625,740,432 |
| INCOME & EXPENSE | |
| Loan Income | 12,086,400 |
| Investment Income | 4,188,748 |
| Other Income | 675,441 |
| Total Employee Compensation & Benefits | 4,817,688 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,946,709 |
| Non-operating Income & (Expense) | 267,528 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 100,000 |
| Cost of Funds | 3,384,665 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,448,851 |
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