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DEPT OF LABOR FEDERAL CREDIT UNION

Jun, 30, 2023 — 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 89 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.


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:https://www.dolfcu.org
Branches:2 branch locations
Members:7,790
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, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$120,283,055
CEO/Manager:Thomas Domingue
Chairperson:Kevin Jackson

Call Report

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

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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