Dec, 31, 2023 — DEPT OF LABOR FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 2 branch locations and about $130.19 million in total assets. Opened 89 years ago in 1935, DEPT OF LABOR FEDERAL CREDIT UNION has about 8,193 members and employs 30 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | DEPT OF LABOR FEDERAL CREDIT UNION |
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Address: (Main Office) | 200 Constitution Ave NW WASHINGTON, DC 20210 |
Phone: | (202) 789-2901 |
Fax: | (202) 408-8253 |
Website: | https://www.dolfcu.org |
Branches: | 2 branch locations |
Members: | 8,193 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 4963 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $130,193,116 |
CEO/Manager: | Thomas Domingue |
Chairperson: | Webster Coleman |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,393,471 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 54,865,052 |
Unsecured Loans | 12,299,173 |
Other Loans | 34,556,697 |
TOTAL LOANS | 101,720,922 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -691,256 |
Land And Building | 0 |
Other Fixed Assets | 49,891 |
NCUSIF Deposit | 916,337 |
All Other Assets | 0 |
TOTAL ASSETS | 130,193,116 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 4,000,000 |
Accounts Payable & Other Liabilities | 61,369 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 34,435,262 |
Regular shares | 37,715,606 |
All Other Shares & Deposits | 41,329,743 |
TOTAL SHARES & DEPOSITS | 113,480,611 |
TOTAL LIABILITIES | 117,541,980 |
Regular Reserve | 0 |
Other Reserves | 143,860 |
Undivided Earnings | 12,507,276 |
TOTAL EQUITY | 12,651,136 |
TOTAL LIABILITIES, SHARES, & EQUITY | 130,193,116 |
INCOME & EXPENSE | |
Loan Income | 4,551,965 |
Investment Income | 547,916 |
Other Income | 910,784 |
Total Employee Compensation & Benefits | 2,423,743 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,533,109 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 293,277 |
Cost of Funds | 1,358,971 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 438,545 |
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