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 |
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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 |
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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 |
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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 |
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