Dec, 31, 2023 — HASTINGS FEDERAL CREDIT UNION is a federal credit union headquartered in HASTINGS, NE with 1 branch location and about $48.05 million in total assets. Opened 78 years ago in 1946, HASTINGS FEDERAL CREDIT UNION has about 6,199 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | HASTINGS FEDERAL CREDIT UNION |
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Address: (Main Office) | 707 N Marian Rd HASTINGS, NE 68901-3435 |
Phone: | (402) 463-6668 |
Fax: | (402) 463-3018 |
Website: | https://www.hastingsfcu.org |
Branches: | 1 branch locations |
Members: | 6,199 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 5291 |
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Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1946 |
Last Audited: | May 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $48,049,499 |
CEO/Manager: | Jamie Hinrichs |
Chairperson: | Chris Page |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,894,311 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 6,463,121 |
Unsecured Loans | 2,615,363 |
Other Loans | 23,069,848 |
TOTAL LOANS | 32,148,332 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -42,566 |
Land And Building | 746,048 |
Other Fixed Assets | 19,920 |
NCUSIF Deposit | 419,173 |
All Other Assets | 0 |
TOTAL ASSETS | 48,049,499 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,483 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 375,779 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 11,072,370 |
Regular shares | 26,742,087 |
All Other Shares & Deposits | 2,658,464 |
TOTAL SHARES & DEPOSITS | 40,472,921 |
TOTAL LIABILITIES | 40,850,183 |
Regular Reserve | 0 |
Other Reserves | 2,263,213 |
Undivided Earnings | 4,936,103 |
TOTAL EQUITY | 7,199,316 |
TOTAL LIABILITIES, SHARES, & EQUITY | 48,049,499 |
INCOME & EXPENSE | |
Loan Income | 1,654,280 |
Investment Income | 418,519 |
Other Income | 304,746 |
Total Employee Compensation & Benefits | 678,569 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 787,946 |
Non-operating Income & (Expense) | 259 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 28,000 |
Cost of Funds | 113,416 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,142,478 |
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