Dec, 31, 2023 — DC FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 2 branch locations and about $82.75 million in total assets. Opened 70 years ago in 1954, DC FEDERAL CREDIT UNION has about 10,568 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DC FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2000 14th St NW WASHINGTON, DC 20009-4473 |
| Phone: | (877) 784-5551 |
| Fax: | (202) 673-3508 |
| Website: | https://www.dccreditunion.coop |
| Branches: | 2 branch locations |
| Members: | 10,568 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16411 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $82,752,756 |
| CEO/Manager: | Sybil A Bogans |
| Chairperson: | Charlotte D Ducksworth |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,327,692 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 26,172,161 |
| Unsecured Loans | 14,954,607 |
| Other Loans | 17,813,418 |
| TOTAL LOANS | 58,940,186 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,310,759 |
| Land And Building | 0 |
| Other Fixed Assets | 142,288 |
| NCUSIF Deposit | 708,937 |
| All Other Assets | 0 |
| TOTAL ASSETS | 82,752,756 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,392,039 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 922,000 |
| Share Drafts | 18,095,640 |
| Regular shares | 35,818,259 |
| All Other Shares & Deposits | 17,964,127 |
| TOTAL SHARES & DEPOSITS | 71,878,026 |
| TOTAL LIABILITIES | 76,192,065 |
| Regular Reserve | 0 |
| Other Reserves | -2,947,552 |
| Undivided Earnings | 9,508,243 |
| TOTAL EQUITY | 6,560,691 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 82,752,756 |
| INCOME & EXPENSE | |
| Loan Income | 3,506,928 |
| Investment Income | 570,838 |
| Other Income | 1,056,640 |
| Total Employee Compensation & Benefits | 1,645,953 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,393,456 |
| Non-operating Income & (Expense) | 330,512 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 356,000 |
| Cost of Funds | 247,245 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -728,724 |
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