Dec, 31, 2023 — HEALTH CARE PROFESSIONALS FEDERAL CREDIT UNION is a federal credit union headquartered in RICHMOND, IN with 2 branch locations and about $35.25 million in total assets. Opened 49 years ago in 1975, HEALTH CARE PROFESSIONALS FEDERAL CREDIT UNION has about 3,414 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HEALTH CARE PROFESSIONALS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1810 Williamsburg Pike RICHMOND, IN 47374 |
| Phone: | (765) 962-3172 |
| Fax: | (765) 962-3172 |
| Website: | https://www.hcpfcu.org |
| Branches: | 2 branch locations |
| Members: | 3,414 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22213 |
|---|---|
| Membership Type: | Multiple common bond - Primarily health care |
| Corporate Credit Union: | No |
| Year Opened: | 1975 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $35,249,017 |
| CEO/Manager: | Darrell F Rawlings |
| Chairperson: | Thomas E Herrman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,449,593 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,307,131 |
| Unsecured Loans | 2,466,622 |
| Other Loans | 13,633,112 |
| TOTAL LOANS | 18,406,865 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -119,960 |
| Land And Building | 672,418 |
| Other Fixed Assets | 75,794 |
| NCUSIF Deposit | 280,050 |
| All Other Assets | 9,800 |
| TOTAL ASSETS | 35,249,017 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 76,084 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,185,545 |
| Regular shares | 18,846,160 |
| All Other Shares & Deposits | 3,110,190 |
| TOTAL SHARES & DEPOSITS | 29,141,895 |
| TOTAL LIABILITIES | 29,217,979 |
| Regular Reserve | 0 |
| Other Reserves | -37,200 |
| Undivided Earnings | 6,068,238 |
| TOTAL EQUITY | 6,031,038 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 35,249,017 |
| INCOME & EXPENSE | |
| Loan Income | 1,173,288 |
| Investment Income | 241,384 |
| Other Income | 385,723 |
| Total Employee Compensation & Benefits | 751,138 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 862,276 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 23,956 |
| Cost of Funds | 121,615 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 473,942 |
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