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F R B FEDERAL CREDIT UNION

Dec, 31, 2023 — F R B FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 3 branch locations and about $126.56 million in total assets. Opened 89 years ago in 1935, F R B FEDERAL CREDIT UNION has about 5,620 members and employs 19 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:F R B FEDERAL CREDIT UNION
Address:
(Main Office)
Board of Governors of the Federal Reserve System
WASHINGTON, DC 20551
Phone:(202) 452-2800
Fax:(202) 833-2142
Website:https://frbfcu.org
Branches:3 branch locations
Members:5,620
Credit Union Type:Federal Credit Union
Charter Number:320
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1935
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$126,559,405
CEO/Manager:Theresa A Trimble
Chairperson:KEN FRANKLIN

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,848,472
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 75,678,496
 Unsecured Loans 7,682,619
 Other Loans 8,224,159
 TOTAL LOANS 91,585,273
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -567,798
 Land And Building 0
 Other Fixed Assets 137,948
 NCUSIF Deposit 941,524
 All Other Assets 58,264
  TOTAL ASSETS 126,559,405
LIABILITIES & CAPITAL:  
 Dividends Payable 702,125
 Notes & Interest Payable 7,100,000
 Accounts Payable & Other Liabilities 958,805
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 31,937,434
 Regular shares 24,781,159
 All Other Shares & Deposits 51,600,015
  TOTAL SHARES & DEPOSITS 108,318,608
  TOTAL LIABILITIES 117,079,538
 Regular Reserve 0
 Other Reserves -849,850
 Undivided Earnings 10,329,717
  TOTAL EQUITY 9,479,867
  TOTAL LIABILITIES, SHARES, & EQUITY 126,559,405
INCOME & EXPENSE  
 Loan Income 4,083,495
 Investment Income 413,136
 Other Income 96,425
 Total Employee Compensation & Benefits 1,779,028
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,823,532
 Non-operating Income & (Expense) -7,925
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 113,618
 Cost of Funds 1,502,465
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -130,188
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