Jun, 30, 2024 — DESTINATIONS CREDIT UNION is a federally insured state chartered credit union headquartered in BALTIMORE, MD with 2 branch locations and about $67.68 million in total assets. Opened 89 years ago in 1935, DESTINATIONS CREDIT UNION has about 6,674 members and employs 19 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DESTINATIONS CREDIT UNION |
|---|---|
| Address: (Main Office) | 8767 Satyr Hill Rd BALTIMORE, MD 21234 |
| Phone: | (410) 663-2500 |
| Fax: | (410) 663-2150 |
| Website: | https://www.destinationscu.org |
| Branches: | 2 branch locations |
| Members: | 6,674 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66333 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $67,684,379 |
| CEO/Manager: | Brian J Vittek |
| Chairperson: | Reid Kreider |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,029,566 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 11,155,976 |
| Unsecured Loans | 5,224,816 |
| Other Loans | 14,848,760 |
| TOTAL LOANS | 31,229,552 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -239,151 |
| Land And Building | 2,424,654 |
| Other Fixed Assets | 54,157 |
| NCUSIF Deposit | 589,835 |
| All Other Assets | 5,663 |
| TOTAL ASSETS | 67,684,379 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 508,647 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,781,377 |
| Regular shares | 31,086,031 |
| All Other Shares & Deposits | 21,826,942 |
| TOTAL SHARES & DEPOSITS | 60,694,350 |
| TOTAL LIABILITIES | 61,202,997 |
| Regular Reserve | 0 |
| Other Reserves | -1,699,589 |
| Undivided Earnings | 8,180,971 |
| TOTAL EQUITY | 6,481,382 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 67,684,379 |
| INCOME & EXPENSE | |
| Loan Income | 1,192,878 |
| Investment Income | 239,422 |
| Other Income | 756,239 |
| Total Employee Compensation & Benefits | 1,068,683 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,130,554 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 21,530 |
| Cost of Funds | 129,705 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 18,282 |
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