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.
| 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 |
| 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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