Dec, 31, 2023 — HARVARD UNIVERSITY EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in CAMBRIDGE, MA with 6 branch locations and about $1.21 billion in total assets. Opened 85 years ago in 1939, HARVARD UNIVERSITY EMPLOYEES CREDIT UNION has about 55,081 members and employs 143 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | HARVARD UNIVERSITY EMPLOYEES CREDIT UNION |
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Address: (Main Office) | 104 Mount Auburn St Ste 4 CAMBRIDGE, MA 02138-5019 |
Phone: | (617) 495-4460 |
Fax: | (617) 496-9804 |
Website: | https://www.huecu.org |
Branches: | 6 branch locations |
Members: | 55,081 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67696 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1939 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,212,810,380 |
CEO/Manager: | Craig E Leonard |
Chairperson: | Jason Luke |
ASSETS: | $ Amount |
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Cash & Equivalents | 25,323,245 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 6,605,404 |
Real Estate Loans | 720,441,418 |
Unsecured Loans | 318,098,214 |
Other Loans | 25,404,012 |
TOTAL LOANS | 1,063,943,644 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,200,649 |
Land And Building | 0 |
Other Fixed Assets | 2,635,255 |
NCUSIF Deposit | 7,890,559 |
All Other Assets | 19,341 |
TOTAL ASSETS | 1,212,810,380 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 2,473 |
Notes & Interest Payable | 249,341,041 |
Accounts Payable & Other Liabilities | 20,358,063 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 196,973,432 |
Regular shares | 274,573,176 |
All Other Shares & Deposits | 374,175,648 |
TOTAL SHARES & DEPOSITS | 845,722,256 |
TOTAL LIABILITIES | 1,115,826,833 |
Regular Reserve | 0 |
Other Reserves | -1,942,463 |
Undivided Earnings | 98,926,010 |
TOTAL EQUITY | 96,983,547 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,212,810,380 |
INCOME & EXPENSE | |
Loan Income | 44,964,356 |
Investment Income | 2,489,122 |
Other Income | 2,166,577 |
Total Employee Compensation & Benefits | 15,807,114 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 15,779,159 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,125,000 |
Cost of Funds | 16,829,866 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,346,908 |
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