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EDU FEDERAL CREDIT UNION

Dec, 31, 2021 — EDU FEDERAL CREDIT UNION is a federal credit union headquartered in HISTORIC NEW CASTLE, DE with 3 branch locations and about $51.22 million in total assets. Opened 69 years ago in 1953, EDU FEDERAL CREDIT UNION has about 9,741 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: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:http://www.edufcu.org
Branches:3 branch locations
Members:9,741
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:$51,222,725
CEO/Manager:Terri L Keene
Chairperson:David Taylor

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,330,224
TOTAL INVESTMENTS 34,673,240
Loans Held for Sale 0
 
 Real Estate Loans 892,782
 Unsecured Loans 5,027,515
 Other Loans 5,295,443
 TOTAL LOANS 11,215,740
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -237,994
 Land And Building 596,820
 Other Fixed Assets 21,060
 NCUSIF Deposit 445,072
 All Other Assets 178,563
  TOTAL ASSETS 51,222,725
LIABILITIES & CAPITAL:  
 Dividends Payable 1,184
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 121,572
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 7,524,906
 Regular shares 39,775,043
 All Other Shares & Deposits 922,194
  TOTAL SHARES & DEPOSITS 48,222,143
  TOTAL LIABILITIES 48,344,899
 Regular Reserve 1,147,283
 Other Reserves -133,846
 Undivided Earnings 1,864,389
  TOTAL EQUITY 2,877,826
  TOTAL LIABILITIES, SHARES, & EQUITY 51,222,725
INCOME & EXPENSE  
 Loan Income 826,474
 Investment Income 405,891
 Other Income 103,370
 Total Employee Compensation & Benefits 813,699
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 777,074
 Non-operating Income & (Expense) 11,940
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 4,571
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 4,814
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