Mar, 31, 2022 — DEPT OF LABOR FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 2 branch locations and about $114.25 million in total assets. Opened 87 years ago in 1935, DEPT OF LABOR FEDERAL CREDIT UNION has about 7,591 members and employs 26 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: | http://www.dolfcu.org |
| Branches: | 2 branch locations |
| Members: | 7,591 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $114,254,681 |
| CEO/Manager: | Thomas Domingue |
| Chairperson: | Kevin Jackson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,915,020 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 47,819,518 |
| Unsecured Loans | 10,924,259 |
| Other Loans | 23,164,401 |
| TOTAL LOANS | 81,908,178 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -655,756 |
| Land And Building | 0 |
| Other Fixed Assets | 76,548 |
| NCUSIF Deposit | 893,441 |
| All Other Assets | 0 |
| TOTAL ASSETS | 114,254,681 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 23,051 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 35,260,500 |
| Regular shares | 39,510,723 |
| All Other Shares & Deposits | 26,274,530 |
| TOTAL SHARES & DEPOSITS | 101,045,753 |
| TOTAL LIABILITIES | 101,068,804 |
| Regular Reserve | 0 |
| Other Reserves | 748,971 |
| Undivided Earnings | 12,436,906 |
| TOTAL EQUITY | 13,185,877 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 114,254,681 |
| INCOME & EXPENSE | |
| Loan Income | 830,026 |
| Investment Income | 54,199 |
| Other Income | 180,031 |
| Total Employee Compensation & Benefits | 609,288 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 558,497 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 47,832 |
| Cost of Funds | 86,170 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 89,440 |
| ↑ Back to Top | |