Dec, 31, 2023 — DERRY AREA FEDERAL CREDIT UNION is a federal credit union headquartered in DERRY, PA with 2 branch locations and about $12.94 million in total assets. Opened 75 years ago in 1949, DERRY AREA FEDERAL CREDIT UNION has about 1,904 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DERRY AREA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 160 E 1st Ave DERRY, PA 15627-1926 |
| Phone: | (724) 694-5479 |
| Fax: | (724) 694-0570 |
| Website: | https://www.dafcu.com |
| Branches: | 2 branch locations |
| Members: | 1,904 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6196 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $12,936,484 |
| CEO/Manager: | Donna K Bush |
| Chairperson: | Brian Penich |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,041,218 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,428,415 |
| Unsecured Loans | 354,377 |
| Other Loans | 5,150,796 |
| TOTAL LOANS | 6,933,588 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -41,748 |
| Land And Building | 85,092 |
| Other Fixed Assets | 3,938 |
| NCUSIF Deposit | 106,680 |
| All Other Assets | 0 |
| TOTAL ASSETS | 12,936,484 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 13,297 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 11,280 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,743,829 |
| Regular shares | 8,294,533 |
| All Other Shares & Deposits | 1,409,814 |
| TOTAL SHARES & DEPOSITS | 11,448,176 |
| TOTAL LIABILITIES | 11,472,753 |
| Regular Reserve | 0 |
| Other Reserves | 519,822 |
| Undivided Earnings | 943,909 |
| TOTAL EQUITY | 1,463,731 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 12,936,484 |
| INCOME & EXPENSE | |
| Loan Income | 307,065 |
| Investment Income | 186,346 |
| Other Income | 23,004 |
| Total Employee Compensation & Benefits | 188,751 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 151,044 |
| Non-operating Income & (Expense) | 86,278 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,712 |
| Cost of Funds | 72,573 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 198,724 |
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» See also Statement of Financial Condition