Dec, 31, 2023 — DUPONT COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in WAYNESBORO, VA with 14 branch locations and about $1.79 billion in total assets. Opened 65 years ago in 1959, DUPONT COMMUNITY CREDIT UNION has about 117,602 members and employs 354 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DUPONT COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 1154 Shenandoah Village Dr WAYNESBORO, VA 22980 |
| Phone: | (540) 946-3200 |
| Fax: | (540) 946-3212 |
| Website: | https://mydccu.com |
| Branches: | 14 branch locations |
| Members: | 117,602 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62474 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,790,174,770 |
| CEO/Manager: | Steve Elkins |
| Chairperson: | Angela M Simonetti |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 75,546,259 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 826,029,494 |
| Unsecured Loans | 146,924,368 |
| Other Loans | 176,369,250 |
| TOTAL LOANS | 1,149,323,112 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,986,528 |
| Land And Building | 48,171,442 |
| Other Fixed Assets | 7,607,100 |
| NCUSIF Deposit | 15,294,482 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,790,174,770 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 7,640,000 |
| Accounts Payable & Other Liabilities | 28,020,915 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 463,999,171 |
| Regular shares | 336,303,160 |
| All Other Shares & Deposits | 817,461,495 |
| TOTAL SHARES & DEPOSITS | 1,617,763,826 |
| TOTAL LIABILITIES | 1,653,687,489 |
| Regular Reserve | 0 |
| Other Reserves | -53,188,129 |
| Undivided Earnings | 189,675,410 |
| TOTAL EQUITY | 136,487,281 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,790,174,770 |
| INCOME & EXPENSE | |
| Loan Income | 61,902,241 |
| Investment Income | 14,097,508 |
| Other Income | 6,915,621 |
| Total Employee Compensation & Benefits | 29,742,524 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 30,137,002 |
| Non-operating Income & (Expense) | -38,613 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,393,785 |
| Cost of Funds | 22,044,145 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 18,289,353 |
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» See also Statement of Financial Condition