Dec, 31, 2023 — DFCU FINANCIAL CREDIT UNION (DFCU) is a federally insured state chartered credit union headquartered in DEARBORN, MI with 34 branch locations and about $6.26 billion in total assets. Opened 88 years ago in 1936, DFCU FINANCIAL CREDIT UNION (DFCU) has about 240,103 members and employs 602 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | DFCU FINANCIAL CREDIT UNION |
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Address: (Main Office) | 400 Town Center Dr DEARBORN, MI 48126 |
Phone: | (313) 336-2700 |
Fax: | |
Website: | https://www.dfcufinancial.com |
Branches: | 34 branch locations |
Members: | 240,103 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61844 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $6,261,966,479 |
CEO/Manager: | Ryan Goldberg |
Chairperson: | James Cowper |
ASSETS: | $ Amount |
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Cash & Equivalents | 325,249,932 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 1,453,252 |
Real Estate Loans | 1,288,130,370 |
Unsecured Loans | 61,826,670 |
Other Loans | 404,310,047 |
TOTAL LOANS | 1,756,991,206 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,800,321 |
Land And Building | 53,094,759 |
Other Fixed Assets | 3,744,312 |
NCUSIF Deposit | 53,042,921 |
All Other Assets | 122,063 |
TOTAL ASSETS | 6,261,966,479 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 48,423,889 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 49,597,596 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 326,447,319 |
Regular shares | 2,531,700,149 |
All Other Shares & Deposits | 2,927,169,129 |
TOTAL SHARES & DEPOSITS | 5,785,316,597 |
TOTAL LIABILITIES | 5,883,928,082 |
Regular Reserve | 0 |
Other Reserves | -443,412,609 |
Undivided Earnings | 821,451,006 |
TOTAL EQUITY | 378,038,397 |
TOTAL LIABILITIES, SHARES, & EQUITY | 6,261,966,479 |
INCOME & EXPENSE | |
Loan Income | 82,532,904 |
Investment Income | 88,087,067 |
Other Income | 17,072,721 |
Total Employee Compensation & Benefits | 63,801,225 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 46,266,485 |
Non-operating Income & (Expense) | -27,236 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,993,347 |
Cost of Funds | 64,008,270 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 48,918,433 |
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