Dec, 31, 2023 — HUD FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 1 branch location and about $49.29 million in total assets. Opened 84 years ago in 1940, HUD FEDERAL CREDIT UNION has about 5,048 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | HUD FEDERAL CREDIT UNION |
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Address: (Main Office) | 451 7th St Sw Rm 3241 WASHINGTON, DC 20410 |
Phone: | (202) 863-2800 |
Fax: | (202) 863-0131 |
Website: | https://www.hudfcu.org |
Branches: | 1 branch locations |
Members: | 5,048 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 4037 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $49,289,816 |
CEO/Manager: | Scott Sabitus |
Chairperson: | Otis Collins |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,531,269 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 21,939,651 |
Unsecured Loans | 7,594,815 |
Other Loans | 6,317,183 |
TOTAL LOANS | 35,851,649 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -516,342 |
Land And Building | 0 |
Other Fixed Assets | 93,778 |
NCUSIF Deposit | 457,372 |
All Other Assets | 0 |
TOTAL ASSETS | 49,289,816 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 15,857 |
Notes & Interest Payable | 1,800,000 |
Accounts Payable & Other Liabilities | 41,652 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 13,425,804 |
Regular shares | 20,625,933 |
All Other Shares & Deposits | 11,699,615 |
TOTAL SHARES & DEPOSITS | 45,751,351 |
TOTAL LIABILITIES | 47,608,860 |
Regular Reserve | 0 |
Other Reserves | -598,438 |
Undivided Earnings | 2,279,394 |
TOTAL EQUITY | 1,680,956 |
TOTAL LIABILITIES, SHARES, & EQUITY | 49,289,816 |
INCOME & EXPENSE | |
Loan Income | 1,587,673 |
Investment Income | 372,024 |
Other Income | 393,560 |
Total Employee Compensation & Benefits | 712,456 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,243,761 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -8,973 |
Cost of Funds | 171,815 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -630,140 |
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