Credit Unions | Washington DC Credit Unions

DVA Federal Credit Union:

DVA Federal Credit Union was chartered in 1964 and its charter number is 16416. DVA Federal Credit Union's address registered with the NCUA is P.O. BOX 50617, WASHINGTON, DC 20091. As of 10/24/06, DVA FCU reported $92,016,344 in assets. The credit union currently has 11,673 members. It's Manager/CEO is Anthony P. McCollim. The credit unions website is www.dvafcu.org

DVA Federal Credit Union is a member of the District of Columbia Credit Union League.

DVA Credit Union Financial Evaluation

As of December 31, 2006
Total Assets: $93,328,985
Total Loans: $61,195,247
Net Worth Ratio: 10.58
% Share Growth: 1.8
% Loan Growth: 16.21
Loans/Assets Ratio: 65.56
Investment/Assets Ratio: 30.86
Number of Members: 11,829
Number of Full-time Employees: 36

 In the year of 2006, DVA Credit Union assets increased by 0.02% and its membership increased by 0.06%. DVA CU's membership increased by a total of 659 members. Assets increased by the amount of $2,277,894. The total loan amounts went from $52,658,526 in 2005 to $61,195,247 in 2006. Their net worth ratio increased to 10.58. DVA CU maintained their job opportunities at 36.

As of December 31, 2005
Total Assets: $91,051,091
Total Loans: $52,658,526
Net Worth Ratio: 10.04
% Share Growth: -3.43
% Loan Growth: 23.25
Loans/Assets Ratio: 57.83
Investment/Assets Ratio: 38.99
Number of Members: 11,170
Number of Full-time Employees: 36

 In the year of 2005, DVA Credit Union assets decreased by 0.02% and its membership increased by 0.08%. DVA CU's membership increased by a total of 868 members. Assets decreased by the amount of $2,185,248. The total loan amounts went from $42,724,048 in 2004 to $52,658,526 in 2005. Their net worth ratio increased slightly to 10.04. DVA CU increased their job opportunities to 36 by adding 3 employees.

As of December 31, 2004
Total Assets: $93,236,339
Total Loans: $42,724,048
Net Worth Ratio: 9.16
% Share Growth: 4.7
% Loan Growth: 18.51
Loans/Assets Ratio: 45.82
Investment/Assets Ratio: 50.88
Number of Members: 10,302
Number of Full-time Employees: 33

  
In Washington DC, this credit union competes with Navy Federal Credit Union, Pentagon Federal Credit Union, and other credit unions for your business.

 
Other Credit Unions:
  • Manpoe FCU is headquarted in Manchester, Connecticut.
  • Connecticut State Employees CU serves the employees of the state of Connecticut.
  • Nutmeg State Federal Credit Union offers financial services to many companys and their employees and families who live in Hartford County, Middlesex County, or Tolland County, Connecticut.
  • Desert Energy Credit Union serves several counties in Arizona as well as employees of many companies within those counties. A few of those companies are Tucson Electric Power Company, Unisource Energy Corporation and subsidiaries, Arizona Electric Power Cooperative, Trico Electric and others.
  • Meriden Schools FCU offers financial services to its employees and their families.
Credit Union News:

Trial targets alleged theft, cover-up at credit union
The Republican - Feb 8, 2008
SPRINGFIELD - The former top officer of an urban credit union siphoned $178,000 from members' accounts to cover negative balances in her and her husband's accounts, according to testimony in a federal embezzlement trial.

Full Story: http://www.masslive.com/news/republican/index.ssf?/base/news-2/1202462108136670.xml&coll=1

U.S. Central Federal Credit Union of Lenexa takes $760 million markdown
The Kansas City Star - Feb 5, 2008
The subprime mortgage meltdown has seeped into yet another corner of the financial world. U.S. Central Federal Credit Union of Lenexa, which invests funds on behalf of the nation's regional credit unions, said it took a $760 million markdown on the $40 billion in investment securities it holds for sale.

Full Story: http://www.kansascity.com/business/companies/story/477132.html

Fairwinds Credit Union, based in Orlando, to add 8 branch units in $25M expansion
Orlando Sentinel - Feb 8, 2008
The credit union, which opened 7 branches in Central Florida last year, wants to open 8 more. Orlando -based Fairwinds Credit Union rolled out a $25 million expansion plan Thursday that is expected to add eight branches across Central Florida this year and extend the financial institution's footprint by more than 20 percent.

Full Story: http://www.orlandosentinel.com/business/orl-fairwinds0808feb08,0,6795099.story?track=rss

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