COVID-19 (coronavirus) Update as of March 29, 2020

Our 1725 I Street NW location remains open to assist members with lending needs and pressing account transactions from 9:00 a.m. to 1:00 p.m. (appointments are highly recommended). Due to limited access at sponsor group facilities and to protect our members and staff, the Credit Union branches at MC, IMF, and IFC are temporarily closed.

We encourage the use of Digital Banking, Telephone Banking, and the Call Center which have full access and functionality to support members.

For more information, visit our dedicated COVID-19 Resource Center here.

Financial Highlights

Statements of Financial Condition 2019 2018 % Change Alert Me
Cash and Cash Equivalents $191,337 $210,813 (9.24)
Investments 1,872,229 1,865,350 0.37
Loans (Net of Allowance for Loan Losses) 2,993,292 2,798,196 6.97
Loans In Process 66,960 36,193 85.01
Other Assets 64,687 61,284 5.55
Total Assets 5,188,505 4,971,837 4.36
Deposits 4,500,060 4,348,837 3.48
Other Liabilities 41,563 39,383 5.53
Members' Equity 638,186 593,911 7.45
Total Liabilities and Members' Equity 5,188,505 4,971,837 4.36
Statements of Income Alert Me
Interest Income $152,294 $136,533 11.54
Interest Expense (Dividends) 44,333 26,935 64.59
Net Interest Income 107,960 109,597 (1.49)
Provision for Loan Losses 3,984 (1,331) (399.29)
Noninterest Income 17,839 19,433 (8.20)
Noninterest Expense 77,541 72,491 6.97
Net Income 44,275 57,870 (23.49)
Key Equity Ratios Alert Me
Members' Equity to Deposits 14.18% 13.66% 3.84
Members' Equity to Total Assets 12.30% 11.95% 2.97
Other Highlights Alert Me
Mortgage Servicing Portfolio $206,293 $242,446 (14.91)
Operating Expense to Assets 1.57% 1.52% 3.29
Members 89,925 88,413 1.71
(In Thousands, US)