Dec, 31, 2023 — EDU FEDERAL CREDIT UNION is a federal credit union headquartered in HISTORIC NEW CASTLE, DE with 4 branch locations and about $48.02 million in total assets. Opened 71 years ago in 1953, EDU FEDERAL CREDIT UNION has about 8,921 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: | EDU FEDERAL CREDIT UNION |
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Address: (Main Office) | 113 W 6th St HISTORIC NEW CASTLE, DE 19720-5070 |
Phone: | (302) 613-5330 |
Fax: | (302) 613-5350 |
Website: | https://www.edufcu.org |
Branches: | 4 branch locations |
Members: | 8,921 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 8609 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $48,018,081 |
CEO/Manager: | Terri L France |
Chairperson: | David Taylor |
ASSETS: | $ Amount |
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Cash & Equivalents | 961,049 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,230,125 |
Unsecured Loans | 4,366,454 |
Other Loans | 10,204,946 |
TOTAL LOANS | 16,801,524 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -154,565 |
Land And Building | 511,806 |
Other Fixed Assets | 4,504 |
NCUSIF Deposit | 479,566 |
All Other Assets | 0 |
TOTAL ASSETS | 48,018,081 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 550,000 |
Accounts Payable & Other Liabilities | 161,804 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 8,057,217 |
Regular shares | 36,423,377 |
All Other Shares & Deposits | 574,129 |
TOTAL SHARES & DEPOSITS | 45,054,723 |
TOTAL LIABILITIES | 45,766,527 |
Regular Reserve | 0 |
Other Reserves | -741,484 |
Undivided Earnings | 2,993,038 |
TOTAL EQUITY | 2,251,554 |
TOTAL LIABILITIES, SHARES, & EQUITY | 48,018,081 |
INCOME & EXPENSE | |
Loan Income | 807,949 |
Investment Income | 442,911 |
Other Income | 129,455 |
Total Employee Compensation & Benefits | 697,242 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 881,795 |
Non-operating Income & (Expense) | 1,990 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 26,474 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -17,087 |
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