Dec, 31, 2023 — HEALTHCARE FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in NEW HAVEN, CT with 5 branch locations and about $68.70 million in total assets. Opened 74 years ago in 1950, HEALTHCARE FINANCIAL FEDERAL CREDIT UNION has about 9,502 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | HEALTHCARE FINANCIAL FEDERAL CREDIT UNION |
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Address: (Main Office) | 20 York St NEW HAVEN, CT 06510 |
Phone: | (203) 680-8668 |
Fax: | (203) 680-8459 |
Website: | https://www.hcffcu.org |
Branches: | 5 branch locations |
Members: | 9,502 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 6626 |
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Membership Type: | Service - Health Care |
Corporate Credit Union: | No |
Year Opened: | 1950 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $68,700,081 |
CEO/Manager: | Josephine I Savino |
Chairperson: | Michael D'Angelico |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,062,471 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 25,061,199 |
Unsecured Loans | 4,227,902 |
Other Loans | 19,107,674 |
TOTAL LOANS | 48,396,775 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -166,086 |
Land And Building | 114,732 |
Other Fixed Assets | 128,024 |
NCUSIF Deposit | 630,201 |
All Other Assets | 0 |
TOTAL ASSETS | 68,700,081 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 944,604 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 8,792,322 |
Regular shares | 44,752,064 |
All Other Shares & Deposits | 7,146,286 |
TOTAL SHARES & DEPOSITS | 60,690,672 |
TOTAL LIABILITIES | 61,635,276 |
Regular Reserve | 0 |
Other Reserves | 942,506 |
Undivided Earnings | 6,122,299 |
TOTAL EQUITY | 7,064,805 |
TOTAL LIABILITIES, SHARES, & EQUITY | 68,700,081 |
INCOME & EXPENSE | |
Loan Income | 1,656,059 |
Investment Income | 407,394 |
Other Income | 629,206 |
Total Employee Compensation & Benefits | 1,094,226 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,519,855 |
Non-operating Income & (Expense) | 423,615 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 22,233 |
Cost of Funds | 170,819 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 671,125 |
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