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.
Name: | L.A. HEALTHCARE FEDERAL CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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