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COMMONWEALTH ONE FEDERAL CREDIT UNION (COFCU)

Jun, 30, 2021 — COMMONWEALTH ONE FEDERAL CREDIT UNION (COFCU) is a federal credit union headquartered in ALEXANDRIA, VA with 7 branch locations and about $477.95 million in total assets. Opened 77 years ago in 1944, COMMONWEALTH ONE FEDERAL CREDIT UNION (COFCU) has about 37,074 members and employs 78 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: 256078365
Name:COMMONWEALTH ONE FEDERAL CREDIT UNION
Address:
(Main Office)
PO BOX 9997
ALEXANDRIA, VA 22304
Phone:(703) 823-5211
Fax:(703) 650-4003
Website:http://www.cofcu.org
Branches:7 branch locations
Members:37,074
Credit Union Type:Federal Credit Union
Charter Number:5134
Membership Type:Multiple common bond - Primarily military
Corporate Credit Union:No
Year Opened:1944
Last Audited:Mar 01, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$477,954,841
CEO/Manager:Isabel Gomez
Chairperson:Rupert J Jennings

Call Report

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

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 64,185,698
TOTAL INVESTMENTS 114,946,395
Loans Held for Sale 0
 
 Real Estate Loans 157,791,946
 Unsecured Loans 43,029,668
 Other Loans 68,029,988
 TOTAL LOANS 268,851,602
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,175,306
 Land And Building 4,770,745
 Other Fixed Assets 1,482,762
 NCUSIF Deposit 3,824,546
 All Other Assets 22,068,399
  TOTAL ASSETS 477,954,841
LIABILITIES & CAPITAL:  
 Dividends Payable 482,636
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,818,184
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 91,148,399
 Regular shares 143,234,791
 All Other Shares & Deposits 194,781,722
  TOTAL SHARES & DEPOSITS 429,164,912
  TOTAL LIABILITIES 431,465,732
 Regular Reserve 6,298,552
 Other Reserves 284,267
 Undivided Earnings 39,906,290
  TOTAL EQUITY 46,489,109
  TOTAL LIABILITIES, SHARES, & EQUITY 477,954,841
INCOME & EXPENSE  
 Loan Income 6,322,473
 Investment Income 559,689
 Other Income 1,796,902
 Total Employee Compensation & Benefits 3,295,435
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,251,559
 Non-operating Income & (Expense) 97,429
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 452,947
 Cost of Funds 1,132,175
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 834,479
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