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.
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 |
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 |
↑ Back to Top |