Dec, 31, 2023 — HOWARD UNIVERSITY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 1 branch location and about $11.10 million in total assets. Opened 89 years ago in 1935, HOWARD UNIVERSITY EMPLOYEES FEDERAL CREDIT UNION has about 1,158 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | HOWARD UNIVERSITY EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 2244 10th St NW WASHINGTON, DC 20001-4012 |
Phone: | (202) 806-6128 |
Fax: | (202) 806-4511 |
Website: | https://www.huefcu.org |
Branches: | 1 branch locations |
Members: | 1,158 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 648 |
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Membership Type: | Educational |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Jun 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $11,096,578 |
CEO/Manager: | Michael E Hines |
Chairperson: | Lincoln G Brown, Jr |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,053,199 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,333,957 |
Unsecured Loans | 1,194,959 |
Other Loans | 2,738,220 |
TOTAL LOANS | 6,267,136 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -116,090 |
Land And Building | 0 |
Other Fixed Assets | 832 |
NCUSIF Deposit | 116,845 |
All Other Assets | 0 |
TOTAL ASSETS | 11,096,578 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 15,378 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 412,843 |
Regular shares | 7,321,854 |
All Other Shares & Deposits | 2,498,547 |
TOTAL SHARES & DEPOSITS | 10,233,245 |
TOTAL LIABILITIES | 10,248,623 |
Regular Reserve | 0 |
Other Reserves | -154,765 |
Undivided Earnings | 1,002,720 |
TOTAL EQUITY | 847,955 |
TOTAL LIABILITIES, SHARES, & EQUITY | 11,096,578 |
INCOME & EXPENSE | |
Loan Income | 343,075 |
Investment Income | 218,710 |
Other Income | 3,246 |
Total Employee Compensation & Benefits | 274,018 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 370,240 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 110,000 |
Cost of Funds | 41,379 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -207,911 |
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