Dec, 31, 2023 — WESTERN HEALTHCARE FEDERAL CREDIT UNION is a federal credit union headquartered in MARTINEZ, CA with 2 branch locations and about $75.30 million in total assets. Opened 71 years ago in 1953, WESTERN HEALTHCARE FEDERAL CREDIT UNION has about 6,202 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WESTERN HEALTHCARE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1785 Arnold Dr MARTINEZ, CA 94553-4110 |
| Phone: | (925) 524-5000 |
| Fax: | (925) 524-0263 |
| Website: | https://www.mahpfcu.org |
| Branches: | 2 branch locations |
| Members: | 6,202 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8774 |
|---|---|
| Membership Type: | Multiple common bond - Primarily health care |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $75,296,153 |
| CEO/Manager: | Christopher J Bruno |
| Chairperson: | Neil Ricafrente |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,270,092 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 23,872,697 |
| Unsecured Loans | 8,670,686 |
| Other Loans | 13,075,489 |
| TOTAL LOANS | 45,618,872 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -92,290 |
| Land And Building | 3,976,615 |
| Other Fixed Assets | 230,983 |
| NCUSIF Deposit | 680,834 |
| All Other Assets | 0 |
| TOTAL ASSETS | 75,296,153 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 642,278 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 13,523,671 |
| Regular shares | 34,716,754 |
| All Other Shares & Deposits | 20,920,142 |
| TOTAL SHARES & DEPOSITS | 69,160,567 |
| TOTAL LIABILITIES | 69,802,845 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 5,493,308 |
| TOTAL EQUITY | 5,493,308 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 75,296,153 |
| INCOME & EXPENSE | |
| Loan Income | 2,320,965 |
| Investment Income | 514,367 |
| Other Income | 380,000 |
| Total Employee Compensation & Benefits | 1,245,651 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,733,684 |
| Non-operating Income & (Expense) | 12,464 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 23,820 |
| Cost of Funds | 615,329 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 39,993 |
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