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DERRY AREA FEDERAL CREDIT UNION

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.


ABA Routing Number: 243380422
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

Call Report

Financial Summary

» See also Statement of Financial Condition
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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