Dec, 31, 2023 — HIALEAH MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in HIALEAH, FL with 1 branch location and about $12.97 million in total assets. Opened 73 years ago in 1951, HIALEAH MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION has about 1,610 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HIALEAH MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 501 Palm Ave HIALEAH, FL 33010-4719 |
| Phone: | (305) 883-8090 |
| Fax: | (305) 883-8092 |
| Website: | https://www.hialeahcu.org |
| Branches: | 1 branch locations |
| Members: | 1,610 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7534 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $12,968,251 |
| CEO/Manager: | Doug E Leever |
| Chairperson: | Yoshua Garfinkel |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 575,632 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 502,423 |
| Other Loans | 5,996,134 |
| TOTAL LOANS | 6,498,557 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -26,056 |
| Land And Building | 0 |
| Other Fixed Assets | 49,651 |
| NCUSIF Deposit | 98,943 |
| All Other Assets | 0 |
| TOTAL ASSETS | 12,968,251 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 408,577 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 9,242,180 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 9,242,180 |
| TOTAL LIABILITIES | 9,650,757 |
| Regular Reserve | 0 |
| Other Reserves | 172,378 |
| Undivided Earnings | 3,145,116 |
| TOTAL EQUITY | 3,317,494 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 12,968,251 |
| INCOME & EXPENSE | |
| Loan Income | 304,618 |
| Investment Income | 161,902 |
| Other Income | 14,478 |
| Total Employee Compensation & Benefits | 271,780 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 228,752 |
| Non-operating Income & (Expense) | 1,245 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,439 |
| Cost of Funds | 26,789 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -31,398 |
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