Sep, 30, 2022 — BANK FUND STAFF FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 4 branch locations and about $6.42 billion in total assets. Opened 76 years ago in 1947, BANK FUND STAFF FEDERAL CREDIT UNION has about 93,242 members and employs 335 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BANK FUND STAFF FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1725 I St NW WASHINGTON, DC 20006 |
| Phone: | (202) 212-6400 |
| Fax: | (202) 683-2380 |
| Website: | https://bfsfcu.org/ |
| Branches: | 4 branch locations |
| Members: | 93,242 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5582 |
|---|---|
| Membership Type: | Service - Finance, Insurance, Real Estate, Trade |
| Corporate Credit Union: | No |
| Year Opened: | 1947 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $6,420,874,270 |
| CEO/Manager: | Eli Vazquez |
| Chairperson: | Anne-Marie Gulde-Wolf |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 239,571,625 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,276,953,640 |
| Unsecured Loans | 130,039,650 |
| Other Loans | 61,674,203 |
| TOTAL LOANS | 3,468,667,493 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -16,764,261 |
| Land And Building | 0 |
| Other Fixed Assets | 5,282,602 |
| NCUSIF Deposit | 42,661,658 |
| All Other Assets | 0 |
| TOTAL ASSETS | 6,420,874,270 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,466,064 |
| Notes & Interest Payable | 40,000,000 |
| Accounts Payable & Other Liabilities | 98,862,471 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,516,882,714 |
| Regular shares | 1,320,034,783 |
| All Other Shares & Deposits | 2,933,329,453 |
| TOTAL SHARES & DEPOSITS | 5,770,246,950 |
| TOTAL LIABILITIES | 5,911,575,485 |
| Regular Reserve | 0 |
| Other Reserves | -259,588,177 |
| Undivided Earnings | 768,886,962 |
| TOTAL EQUITY | 509,298,785 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,420,874,270 |
| INCOME & EXPENSE | |
| Loan Income | 77,849,453 |
| Investment Income | 27,652,665 |
| Other Income | 1,300,409 |
| Total Employee Compensation & Benefits | 34,694,143 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 30,631,424 |
| Non-operating Income & (Expense) | -171 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -507,394 |
| Cost of Funds | 15,253,939 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 38,879,804 |
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