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National Credit Union Service Organization

L.A. HEALTHCARE FEDERAL CREDIT UNION

Dec, 31, 2023 — L.A. HEALTHCARE FEDERAL CREDIT UNION is a federal credit union headquartered in LOS ANGELES, CA with 2 branch locations and about $15.57 million in total assets. Opened 60 years ago in 1964, L.A. HEALTHCARE FEDERAL CREDIT UNION has about 2,040 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 322078011
Name:L.A. HEALTHCARE FEDERAL CREDIT UNION
Address:
(Main Office)
1245 Wilshire Blvd Lbby
LOS ANGELES, CA 90017-4810
Phone:(213) 748-4788
Fax:
Website:https://www.lahfcu.org
Branches:2 branch locations
Members:2,040
Credit Union Type:Federal Credit Union
Charter Number:16571
Membership Type:Multiple common bond - Primarily health care
Corporate Credit Union:No
Year Opened:1964
Last Audited:Sep 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$15,569,879
CEO/Manager:Annice Kim
Chairperson:Bonnie Gorges

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 798,235
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 762,801
 Unsecured Loans 1,298,421
 Other Loans 4,953,227
 TOTAL LOANS 7,014,449
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -90,687
 Land And Building 0
 Other Fixed Assets 108,750
 NCUSIF Deposit 152,071
 All Other Assets 0
  TOTAL ASSETS 15,569,879
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 36,117
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,464,659
 Regular shares 9,002,117
 All Other Shares & Deposits 1,710,584
  TOTAL SHARES & DEPOSITS 14,177,359
  TOTAL LIABILITIES 14,213,476
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 1,356,403
  TOTAL EQUITY 1,356,403
  TOTAL LIABILITIES, SHARES, & EQUITY 15,569,879
INCOME & EXPENSE  
 Loan Income 431,429
 Investment Income 111,917
 Other Income 287,399
 Total Employee Compensation & Benefits 328,608
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 578,327
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 90,687
 Cost of Funds 42,495
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -198,348
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