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DEPT OF LABOR FEDERAL CREDIT UNION

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.


ABA Routing Number: 254074426
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

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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
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