Mar, 31, 2022 — DFCU FINANCIAL CREDIT UNION (DFCU) is a federally insured state chartered credit union headquartered in DEARBORN, MI with 28 branch locations and about $6.40 billion in total assets. Opened 86 years ago in 1936, DFCU FINANCIAL CREDIT UNION (DFCU) has about 232,471 members and employs 512 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DFCU FINANCIAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 400 Town Center Dr DEARBORN, MI 48126 |
| Phone: | (313) 336-2700 |
| Fax: | |
| Website: | www.dfcufinancial.com |
| Branches: | 28 branch locations |
| Members: | 232,471 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61844 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $6,403,962,422 |
| CEO/Manager: | Ryan Goldberg |
| Chairperson: | James Cowper |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 160,821,763 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 4,770,000 |
| Real Estate Loans | 626,004,459 |
| Unsecured Loans | 53,776,389 |
| Other Loans | 220,834,717 |
| TOTAL LOANS | 900,644,674 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,671,349 |
| Land And Building | 42,253,872 |
| Other Fixed Assets | 1,878,734 |
| NCUSIF Deposit | 48,973,560 |
| All Other Assets | 146,297 |
| TOTAL ASSETS | 6,403,962,422 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 284,484 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 46,096,729 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 287,389,220 |
| Regular shares | 2,640,603,369 |
| All Other Shares & Deposits | 2,922,233,318 |
| TOTAL SHARES & DEPOSITS | 5,850,225,907 |
| TOTAL LIABILITIES | 5,896,607,120 |
| Regular Reserve | 0 |
| Other Reserves | -237,863,298 |
| Undivided Earnings | 745,218,600 |
| TOTAL EQUITY | 507,355,302 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,403,962,422 |
| INCOME & EXPENSE | |
| Loan Income | 9,193,064 |
| Investment Income | 20,195,399 |
| Other Income | 3,282,079 |
| Total Employee Compensation & Benefits | 13,739,925 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 8,128,033 |
| Non-operating Income & (Expense) | -435,532 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 216,666 |
| Cost of Funds | 926,884 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 19,475,277 |
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