COVID-19 Response - Update as of June 5, 2020

JUNE 5, 2020 MEMBER ALERT: Our Express Branch and Lending Center at 1725 I Street NW will be closed on Friday, June 5, 2020 due to limited access to our facilities. Please use Digital Banking to access your accounts 24 hours, 7 days a week, visit a CO-OP ATM near you, or contact us at 202-212-6400 for assistance. Updates will be posted as soon as possible.

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)