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 |
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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 |
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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, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $120,283,055 |
CEO/Manager: | Thomas Domingue |
Chairperson: | Kevin Jackson |
ASSETS: | $ Amount |
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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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