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EDU FEDERAL CREDIT UNION

Mar, 31, 2021 — EDU FEDERAL CREDIT UNION is a federal credit union headquartered in NEW CASTLE, DE with 3 branch locations and about $49.67 million in total assets. Opened 68 years ago in 1953, EDU FEDERAL CREDIT UNION has about 10,352 members and employs 15 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)
P.O. BOX 232
NEW CASTLE, DE 19720
Phone:(302) 613-5330
Fax:(302) 613-5350
Website:http://www.edufcu.org
Branches:3 branch locations
Members:10,352
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$49,672,924
CEO/Manager:Terri L Keene
Chairperson:David Taylor

Call Report

  • Overdraft Lines of Credit
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • In-School Branches

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,538,067
TOTAL INVESTMENTS 32,091,011
Loans Held for Sale 0
 
 Real Estate Loans 1,033,612
 Unsecured Loans 5,815,084
 Other Loans 5,260,041
 TOTAL LOANS 12,108,737
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -348,533
 Land And Building 629,044
 Other Fixed Assets 26,769
 NCUSIF Deposit 445,073
 All Other Assets 182,756
  TOTAL ASSETS 49,672,924
LIABILITIES & CAPITAL:  
 Dividends Payable 1,040
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 149,109
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 7,324,923
 Regular shares 38,159,974
 All Other Shares & Deposits 1,031,274
  TOTAL SHARES & DEPOSITS 46,516,171
  TOTAL LIABILITIES 46,666,320
 Regular Reserve 1,069,217
 Other Reserves 21,833
 Undivided Earnings 1,915,554
  TOTAL EQUITY 3,006,604
  TOTAL LIABILITIES, SHARES, & EQUITY 49,672,924
INCOME & EXPENSE  
 Loan Income 213,324
 Investment Income 107,723
 Other Income 25,446
 Total Employee Compensation & Benefits 230,663
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 191,536
 Non-operating Income & (Expense) 2,985
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 1,137
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -22,087
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