Dec, 31, 2023 — THE HEALTH & EDUCATION FEDERAL CREDIT UNION is a federal credit union headquartered in LEXINGTON, KY with 2 branch locations and about $111.55 million in total assets. Opened 68 years ago in 1956, THE HEALTH & EDUCATION FEDERAL CREDIT UNION has about 12,491 members and employs 25 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | THE HEALTH & EDUCATION FEDERAL CREDIT UNION |
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Address: (Main Office) | 424 Park Pl LEXINGTON, KY 40511-1829 |
Phone: | (859) 231-8262 |
Fax: | (859) 254-3253 |
Website: | https://www.thefcu.com |
Branches: | 2 branch locations |
Members: | 12,491 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 10800 |
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Membership Type: | Multiple common bond - Primarily health care |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $111,551,410 |
CEO/Manager: | Pam R Henson |
Chairperson: | David Riel |
ASSETS: | $ Amount |
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Cash & Equivalents | 10,127,196 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 21,305,428 |
Unsecured Loans | 2,545,441 |
Other Loans | 19,718,364 |
TOTAL LOANS | 43,569,233 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -118,677 |
Land And Building | 368,108 |
Other Fixed Assets | 40,755 |
NCUSIF Deposit | 1,038,522 |
All Other Assets | 0 |
TOTAL ASSETS | 111,551,410 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 46,082 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -1,571,552 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 26,331,470 |
Regular shares | 67,753,120 |
All Other Shares & Deposits | 4,476,885 |
TOTAL SHARES & DEPOSITS | 98,561,475 |
TOTAL LIABILITIES | 97,036,005 |
Regular Reserve | 0 |
Other Reserves | -1,583,190 |
Undivided Earnings | 16,098,595 |
TOTAL EQUITY | 14,515,405 |
TOTAL LIABILITIES, SHARES, & EQUITY | 111,551,410 |
INCOME & EXPENSE | |
Loan Income | 2,003,642 |
Investment Income | 1,712,677 |
Other Income | 195,316 |
Total Employee Compensation & Benefits | 1,124,438 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,080,893 |
Non-operating Income & (Expense) | -54 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 32,488 |
Cost of Funds | 114,590 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,254,589 |
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