Dec, 31, 2023 — HOWARD COUNTY EDUCATION FEDERAL CREDIT UNION is a federal credit union headquartered in ELLICOTT CITY, MD with 1 branch location and about $24.96 million in total assets. Opened 71 years ago in 1953, HOWARD COUNTY EDUCATION FEDERAL CREDIT UNION has about 3,942 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HOWARD COUNTY EDUCATION FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3458 Ellicott Center Dr Ste 106 ELLICOTT CITY, MD 21043-4178 |
| Phone: | (410) 461-4672 |
| Fax: | (410) 461-4691 |
| Website: | https://www.hctafcu.org |
| Branches: | 1 branch locations |
| Members: | 3,942 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8642 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $24,961,108 |
| CEO/Manager: | Janet Oursler |
| Chairperson: | Kathy Owens-Wyatt |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,015,699 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,646,153 |
| Unsecured Loans | 5,003,182 |
| Other Loans | 8,851,697 |
| TOTAL LOANS | 15,501,032 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -131,176 |
| Land And Building | 476,236 |
| Other Fixed Assets | 20,695 |
| NCUSIF Deposit | 235,604 |
| All Other Assets | 0 |
| TOTAL ASSETS | 24,961,108 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 8,932 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 30,534 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,384,104 |
| Regular shares | 19,905,176 |
| All Other Shares & Deposits | 1,227,626 |
| TOTAL SHARES & DEPOSITS | 22,516,906 |
| TOTAL LIABILITIES | 22,556,372 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,404,736 |
| TOTAL EQUITY | 2,404,736 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 24,961,108 |
| INCOME & EXPENSE | |
| Loan Income | 1,000,662 |
| Investment Income | 165,289 |
| Other Income | 102,923 |
| Total Employee Compensation & Benefits | 597,131 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 485,139 |
| Non-operating Income & (Expense) | 92,550 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 90,579 |
| Cost of Funds | 77,483 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 111,092 |
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