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DEPT OF LABOR FEDERAL CREDIT UNION

Mar, 31, 2021 — DEPT OF LABOR FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 2 branch locations and about $109.19 million in total assets. Opened 86 years ago in 1935, DEPT OF LABOR FEDERAL CREDIT UNION has about 6,919 members and employs 21 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 254074426
Name:DEPT OF LABOR FEDERAL CREDIT UNION
Address:
(Main Office)
200 CONSTITUTION AVE NW, ROOM S-322
WASHINGTON, DC 20210
Phone:(202) 789-2901
Fax:(202) 408-8253
Website:http://www.dolfcu.org
Branches:2 branch locations
Members:6,919
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$109,194,260
CEO/Manager:Thomas Domingue
Chairperson:Alberta Baker

Call Report

  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Check Cashing
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,321,524
TOTAL INVESTMENTS 27,118,631
Loans Held for Sale 184,623
 
 Real Estate Loans 35,858,225
 Unsecured Loans 9,275,011
 Other Loans 19,067,706
 TOTAL LOANS 64,200,942
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -644,528
 Land And Building 0
 Other Fixed Assets 96,560
 NCUSIF Deposit 844,276
 All Other Assets 10,072,232
  TOTAL ASSETS 109,194,260
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 976,788
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 31,185,607
 Regular shares 37,875,748
 All Other Shares & Deposits 25,889,978
  TOTAL SHARES & DEPOSITS 94,951,333
  TOTAL LIABILITIES 95,928,121
 Regular Reserve 281,540
 Other Reserves 1,056,431
 Undivided Earnings 11,928,168
  TOTAL EQUITY 13,266,139
  TOTAL LIABILITIES, SHARES, & EQUITY 109,194,260
INCOME & EXPENSE  
 Loan Income 743,699
 Investment Income 101,494
 Other Income 131,887
 Total Employee Compensation & Benefits 520,782
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 522,297
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 69,974
 Cost of Funds 88,883
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 124,712
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