Sep, 30, 2022 — DEPT OF LABOR FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 2 branch locations and about $120.28 million in total assets. Opened 88 years ago in 1935, DEPT OF LABOR FEDERAL CREDIT UNION has about 7,790 members and employs 29 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DEPT OF LABOR FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 200 Constitution Ave NW WASHINGTON, DC 20210 |
| Phone: | (202) 789-2901 |
| Fax: | (202) 408-8253 |
| Website: | https://www.dolfcu.org |
| Branches: | 2 branch locations |
| Members: | 7,790 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4963 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $120,283,055 |
| CEO/Manager: | Thomas Domingue |
| Chairperson: | Kevin Jackson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,273,889 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 51,843,986 |
| Unsecured Loans | 11,325,269 |
| Other Loans | 27,632,135 |
| TOTAL LOANS | 90,801,390 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -281,057 |
| Land And Building | 0 |
| Other Fixed Assets | 76,716 |
| NCUSIF Deposit | 921,514 |
| All Other Assets | 0 |
| TOTAL ASSETS | 120,283,055 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 5,000,000 |
| Accounts Payable & Other Liabilities | -186,059 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 34,716,585 |
| Regular shares | 39,225,884 |
| All Other Shares & Deposits | 29,139,170 |
| TOTAL SHARES & DEPOSITS | 103,081,639 |
| TOTAL LIABILITIES | 107,895,580 |
| Regular Reserve | 0 |
| Other Reserves | -151,678 |
| Undivided Earnings | 12,539,153 |
| TOTAL EQUITY | 12,387,475 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 120,283,055 |
| INCOME & EXPENSE | |
| Loan Income | 2,637,636 |
| Investment Income | 218,035 |
| Other Income | 612,052 |
| Total Employee Compensation & Benefits | 1,838,527 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,860,751 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 373,322 |
| Cost of Funds | 279,787 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -89,853 |
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