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DEPARTMENT OF THE INTERIOR FEDERAL CREDIT UNION

Dec, 31, 2023 — DEPARTMENT OF THE INTERIOR FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 2 branch locations and about $305.85 million in total assets. Opened 89 years ago in 1935, DEPARTMENT OF THE INTERIOR FEDERAL CREDIT UNION has about 22,794 members and employs 40 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 254074442
Name:DEPARTMENT OF THE INTERIOR FEDERAL CREDIT UNION
Address:
(Main Office)
1849 C ST NW RM B038
WASHINGTON, DC 20240
Phone:(202) 208-3936
Fax:(202) 219-9326
Website:https://www.interiorfcu.org
Branches:2 branch locations
Members:22,794
Credit Union Type:Federal Credit Union
Charter Number:319
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1935
Last Audited:Jun 01, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$305,850,644
CEO/Manager:Michael Merryman
Chairperson:Mark Davis

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 20,550,447
TOTAL INVESTMENTS 0
Loans Held for Sale 768,733
 
 Real Estate Loans 159,831,104
 Unsecured Loans 56,990,635
 Other Loans 38,718,277
 TOTAL LOANS 255,540,015
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,993,991
 Land And Building 0
 Other Fixed Assets 204,821
 NCUSIF Deposit 2,541,210
 All Other Assets 0
  TOTAL ASSETS 305,850,644
LIABILITIES & CAPITAL:  
 Dividends Payable 466,056
 Notes & Interest Payable 13,001,528
 Accounts Payable & Other Liabilities 2,306,205
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 38,382,509
 Regular shares 58,556,487
 All Other Shares & Deposits 174,490,502
  TOTAL SHARES & DEPOSITS 271,429,499
  TOTAL LIABILITIES 287,203,288
 Regular Reserve 0
 Other Reserves -5,123,039
 Undivided Earnings 23,770,395
  TOTAL EQUITY 18,647,356
  TOTAL LIABILITIES, SHARES, & EQUITY 305,850,644
INCOME & EXPENSE  
 Loan Income 14,451,979
 Investment Income 1,428,736
 Other Income 1,196,957
 Total Employee Compensation & Benefits 4,226,579
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 5,258,162
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 3,453,151
 Cost of Funds 5,326,177
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -56,202
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