Jun, 30, 2024 — DOMINION ENERGY CREDIT UNION is a federally insured state chartered credit union headquartered in NORTH CHESTERFIELD, VA with 3 branch locations and about $384.33 million in total assets. Opened 84 years ago in 1940, DOMINION ENERGY CREDIT UNION has about 21,212 members and employs 33 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | DOMINION ENERGY CREDIT UNION |
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Address: (Main Office) | 1100 Boulders Pkwy Ste 601 NORTH CHESTERFIELD, VA 23225 |
Phone: | (804) 521-2525 |
Fax: | (804) 521-2525 |
Website: | https://www.dominionenergycu.org |
Branches: | 3 branch locations |
Members: | 21,212 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66973 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $384,332,720 |
CEO/Manager: | Michael C Swalley |
Chairperson: | Edward H Baine |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,910,917 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 84,678,716 |
Unsecured Loans | 19,770,744 |
Other Loans | 98,617,720 |
TOTAL LOANS | 203,067,180 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -514,477 |
Land And Building | 0 |
Other Fixed Assets | 889,700 |
NCUSIF Deposit | 3,349,186 |
All Other Assets | 0 |
TOTAL ASSETS | 384,332,720 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 5,500,000 |
Accounts Payable & Other Liabilities | 1,608,100 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 37,709,580 |
Regular shares | 110,251,715 |
All Other Shares & Deposits | 195,858,156 |
TOTAL SHARES & DEPOSITS | 343,819,451 |
TOTAL LIABILITIES | 350,927,551 |
Regular Reserve | 0 |
Other Reserves | -9,393,688 |
Undivided Earnings | 42,798,857 |
TOTAL EQUITY | 33,405,169 |
TOTAL LIABILITIES, SHARES, & EQUITY | 384,332,720 |
INCOME & EXPENSE | |
Loan Income | 5,548,950 |
Investment Income | 1,785,558 |
Other Income | 682,561 |
Total Employee Compensation & Benefits | 2,523,617 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,178,151 |
Non-operating Income & (Expense) | 167,201 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 99,999 |
Cost of Funds | 1,304,243 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,270,526 |
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