Dec, 31, 2023 — EDU FEDERAL CREDIT UNION is a federal credit union headquartered in HISTORIC NEW CASTLE, DE with 4 branch locations and about $48.02 million in total assets. Opened 71 years ago in 1953, EDU FEDERAL CREDIT UNION has about 8,921 members and employs 30 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EDU FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 113 W 6th St HISTORIC NEW CASTLE, DE 19720-5070 |
| Phone: | (302) 613-5330 |
| Fax: | (302) 613-5350 |
| Website: | https://www.edufcu.org |
| Branches: | 4 branch locations |
| Members: | 8,921 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8609 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $48,018,081 |
| CEO/Manager: | Terri L France |
| Chairperson: | David Taylor |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 961,049 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,230,125 |
| Unsecured Loans | 4,366,454 |
| Other Loans | 10,204,946 |
| TOTAL LOANS | 16,801,524 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -154,565 |
| Land And Building | 511,806 |
| Other Fixed Assets | 4,504 |
| NCUSIF Deposit | 479,566 |
| All Other Assets | 0 |
| TOTAL ASSETS | 48,018,081 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 550,000 |
| Accounts Payable & Other Liabilities | 161,804 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,057,217 |
| Regular shares | 36,423,377 |
| All Other Shares & Deposits | 574,129 |
| TOTAL SHARES & DEPOSITS | 45,054,723 |
| TOTAL LIABILITIES | 45,766,527 |
| Regular Reserve | 0 |
| Other Reserves | -741,484 |
| Undivided Earnings | 2,993,038 |
| TOTAL EQUITY | 2,251,554 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 48,018,081 |
| INCOME & EXPENSE | |
| Loan Income | 807,949 |
| Investment Income | 442,911 |
| Other Income | 129,455 |
| Total Employee Compensation & Benefits | 697,242 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 881,795 |
| Non-operating Income & (Expense) | 1,990 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 26,474 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -17,087 |
| ↑ Back to Top | |