Dec, 31, 2023 — DAVIESS COUNTY TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in OWENSBORO, KY with 1 branch location and about $59.98 million in total assets. Opened 53 years ago in 1971, DAVIESS COUNTY TEACHERS FEDERAL CREDIT UNION has about 5,065 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | DAVIESS COUNTY TEACHERS FEDERAL CREDIT UNION |
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Address: (Main Office) | 1900 Southeastern Pkwy OWENSBORO, KY 42303 |
Phone: | (270) 684-8954 |
Fax: | (270) 684-8955 |
Website: | https://www.dctfcu.com |
Branches: | 1 branch locations |
Members: | 5,065 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 20684 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1971 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $59,975,268 |
CEO/Manager: | Alesha H Saalwaechter |
Chairperson: | Joseph Mason |
ASSETS: | $ Amount |
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Cash & Equivalents | 9,935,195 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 13,835,307 |
Unsecured Loans | 3,323,786 |
Other Loans | 24,233,823 |
TOTAL LOANS | 41,392,919 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -331,372 |
Land And Building | 1,311,473 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 525,609 |
All Other Assets | 0 |
TOTAL ASSETS | 59,975,268 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 306,456 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 70,884 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 10,786,057 |
Regular shares | 23,910,376 |
All Other Shares & Deposits | 17,764,197 |
TOTAL SHARES & DEPOSITS | 52,460,630 |
TOTAL LIABILITIES | 52,837,970 |
Regular Reserve | 0 |
Other Reserves | 463,970 |
Undivided Earnings | 6,673,328 |
TOTAL EQUITY | 7,137,298 |
TOTAL LIABILITIES, SHARES, & EQUITY | 59,975,268 |
INCOME & EXPENSE | |
Loan Income | 2,084,726 |
Investment Income | 610,914 |
Other Income | 208,670 |
Total Employee Compensation & Benefits | 870,757 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,092,017 |
Non-operating Income & (Expense) | 15,055 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 171,245 |
Cost of Funds | 233,502 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 957,935 |
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