Dec, 31, 2023 — DADE COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in SWEETWATER, FL with 11 branch locations and about $1.36 billion in total assets. Opened 33 years ago in 1991, DADE COUNTY FEDERAL CREDIT UNION has about 102,905 members and employs 249 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DADE COUNTY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1500 NW 107th Ave SWEETWATER, FL 33172-2706 |
| Phone: | (305) 471-5080 |
| Fax: | (305) 392-2597 |
| Website: | https://www.dcfcu.org |
| Branches: | 11 branch locations |
| Members: | 102,905 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24508 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1991 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,356,872,964 |
| CEO/Manager: | George G Joseph |
| Chairperson: | Bonnie L Burrell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 131,892,625 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 412,911,913 |
| Unsecured Loans | 102,452,755 |
| Other Loans | 344,187,487 |
| TOTAL LOANS | 859,552,155 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -12,165,308 |
| Land And Building | 32,124,737 |
| Other Fixed Assets | 8,626,838 |
| NCUSIF Deposit | 9,759,489 |
| All Other Assets | 313,841 |
| TOTAL ASSETS | 1,356,872,964 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,676,563 |
| Notes & Interest Payable | 165,000,000 |
| Accounts Payable & Other Liabilities | 44,964,197 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 228,357,588 |
| Regular shares | 463,029,057 |
| All Other Shares & Deposits | 352,859,421 |
| TOTAL SHARES & DEPOSITS | 1,044,246,066 |
| TOTAL LIABILITIES | 1,256,886,826 |
| Regular Reserve | 0 |
| Other Reserves | -46,737,898 |
| Undivided Earnings | 146,724,036 |
| TOTAL EQUITY | 99,986,138 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,356,872,964 |
| INCOME & EXPENSE | |
| Loan Income | 45,806,927 |
| Investment Income | 7,508,084 |
| Other Income | 23,299,315 |
| Total Employee Compensation & Benefits | 25,662,662 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 23,133,379 |
| Non-operating Income & (Expense) | 828,173 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,229,516 |
| Cost of Funds | 10,082,614 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 13,826,442 |
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