Dec, 31, 2023 — H E A FEDERAL CREDIT UNION is a federal credit union headquartered in WARNER ROBINS, GA with 1 branch location and about $36.57 million in total assets. Opened 63 years ago in 1961, H E A FEDERAL CREDIT UNION has about 2,916 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | H E A FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 121 OSIGIAN BLVD WARNER ROBINS, GA 31088 |
| Phone: | (478) 953-7477 |
| Fax: | (478) 953-7277 |
| Website: | https://www.heafcu.org |
| Branches: | 1 branch locations |
| Members: | 2,916 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14670 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $36,573,853 |
| CEO/Manager: | BRAD HAMLIN |
| Chairperson: | CYNTHIA FLESHER |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,450,427 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,060,549 |
| Unsecured Loans | 745,787 |
| Other Loans | 18,156,263 |
| TOTAL LOANS | 19,962,599 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -104,915 |
| Land And Building | 219,773 |
| Other Fixed Assets | 6,842 |
| NCUSIF Deposit | 321,858 |
| All Other Assets | 0 |
| TOTAL ASSETS | 36,573,853 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 34,855 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 24,509 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,527,421 |
| Regular shares | 23,752,858 |
| All Other Shares & Deposits | 4,033,768 |
| TOTAL SHARES & DEPOSITS | 32,314,047 |
| TOTAL LIABILITIES | 32,373,411 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 4,200,442 |
| TOTAL EQUITY | 4,200,442 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 36,573,853 |
| INCOME & EXPENSE | |
| Loan Income | 915,358 |
| Investment Income | 471,120 |
| Other Income | 82,013 |
| Total Employee Compensation & Benefits | 522,265 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 314,173 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 187,583 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 520,996 |
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