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IDB GLOBAL FEDERAL CREDIT UNION

Dec, 31, 2023 — IDB GLOBAL FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 1 branch location and about $794.45 million in total assets. Opened 63 years ago in 1961, IDB GLOBAL FEDERAL CREDIT UNION has about 11,641 members and employs 53 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:IDB GLOBAL FEDERAL CREDIT UNION
Address:
(Main Office)
1300 New York Ave NW
WASHINGTON, DC 20577-0001
Phone:(202) 623-3363
Fax:(202) 623-3339
Website:https://www.idbglobalfcu.org
Branches:1 branch locations
Members:11,641
Credit Union Type:Federal Credit Union
Charter Number:14176
Membership Type:Service - Finance, Insurance, Real Estate, Trade
Corporate Credit Union:No
Year Opened:1961
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$794,445,423
CEO/Manager:William (Chip) L Lusk, Jr.
Chairperson:MARIA V ZEMBORAIN

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 59,218,883
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 519,756,627
 Unsecured Loans 14,671,980
 Other Loans 40,697,533
 TOTAL LOANS 575,126,141
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,711,991
 Land And Building 0
 Other Fixed Assets 156,621
 NCUSIF Deposit 5,051,344
 All Other Assets 0
  TOTAL ASSETS 794,445,423
LIABILITIES & CAPITAL:  
 Dividends Payable 540,082
 Notes & Interest Payable 51,875,000
 Accounts Payable & Other Liabilities 3,225,163
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 117,080,308
 Regular shares 299,501,680
 All Other Shares & Deposits 239,479,898
  TOTAL SHARES & DEPOSITS 656,061,886
  TOTAL LIABILITIES 711,702,131
 Regular Reserve 0
 Other Reserves -11,961,859
 Undivided Earnings 94,705,151
  TOTAL EQUITY 82,743,292
  TOTAL LIABILITIES, SHARES, & EQUITY 794,445,423
INCOME & EXPENSE  
 Loan Income 20,398,731
 Investment Income 6,342,685
 Other Income 650,640
 Total Employee Compensation & Benefits 7,355,315
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 6,012,433
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 391,228
 Cost of Funds 11,241,464
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 3,237,223
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