Dec, 31, 2023 — DYNAMIC FEDERAL CREDIT UNION is a federal credit union headquartered in CELINA, OH with 1 branch location and about $64.81 million in total assets. Opened 74 years ago in 1950, DYNAMIC FEDERAL CREDIT UNION has about 6,035 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | DYNAMIC FEDERAL CREDIT UNION |
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Address: (Main Office) | 900 E WAYNE ST CELINA, OH 45822 |
Phone: | (419) 586-5522 |
Fax: | (419) 586-5522 |
Website: | https://www.dynamicfcu.com |
Branches: | 1 branch locations |
Members: | 6,035 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 6747 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1950 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $64,809,493 |
CEO/Manager: | Danelle R Chesser |
Chairperson: | Ryan Byers |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,127,296 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 15,422,626 |
Unsecured Loans | 3,205,362 |
Other Loans | 23,383,030 |
TOTAL LOANS | 42,011,018 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -316,842 |
Land And Building | 1,327,734 |
Other Fixed Assets | 168,753 |
NCUSIF Deposit | 511,041 |
All Other Assets | 0 |
TOTAL ASSETS | 64,809,493 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -149,559 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 11,697,703 |
Regular shares | 31,732,377 |
All Other Shares & Deposits | 8,660,388 |
TOTAL SHARES & DEPOSITS | 52,090,468 |
TOTAL LIABILITIES | 51,940,909 |
Regular Reserve | 0 |
Other Reserves | 121,885 |
Undivided Earnings | 12,746,699 |
TOTAL EQUITY | 12,868,584 |
TOTAL LIABILITIES, SHARES, & EQUITY | 64,809,493 |
INCOME & EXPENSE | |
Loan Income | 2,186,229 |
Investment Income | 362,593 |
Other Income | 648,302 |
Total Employee Compensation & Benefits | 953,011 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,254,745 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 158,146 |
Cost of Funds | 286,804 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,018,873 |
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