Dec, 31, 2023 — TOWN OF HEMPSTEAD EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in NORTH BALDWIN, NY with 2 branch locations and about $146.65 million in total assets. Opened 61 years ago in 1963, TOWN OF HEMPSTEAD EMPLOYEES FEDERAL CREDIT UNION has about 9,374 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TOWN OF HEMPSTEAD EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1830 Grand Ave NORTH BALDWIN, NY 11510 |
| Phone: | (516) 867-4730 |
| Fax: | (516) 223-2218 |
| Website: | https://www.tohefcu.org |
| Branches: | 2 branch locations |
| Members: | 9,374 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15539 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $146,649,173 |
| CEO/Manager: | Robert G Muir |
| Chairperson: | Dominick A Longobardi |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,163,413 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 35,747,129 |
| Unsecured Loans | 8,137,949 |
| Other Loans | 12,479,652 |
| TOTAL LOANS | 61,477,610 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,746,202 |
| Land And Building | 250,862 |
| Other Fixed Assets | 52,128 |
| NCUSIF Deposit | 1,341,579 |
| All Other Assets | 234,000 |
| TOTAL ASSETS | 146,649,173 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 674,161 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,665,359 |
| Regular shares | 80,729,754 |
| All Other Shares & Deposits | 34,623,479 |
| TOTAL SHARES & DEPOSITS | 136,018,593 |
| TOTAL LIABILITIES | 136,692,754 |
| Regular Reserve | 0 |
| Other Reserves | 4,368,968 |
| Undivided Earnings | 5,587,451 |
| TOTAL EQUITY | 9,956,419 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 146,649,173 |
| INCOME & EXPENSE | |
| Loan Income | 2,820,245 |
| Investment Income | 821,051 |
| Other Income | 757,846 |
| Total Employee Compensation & Benefits | 1,317,806 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,794,660 |
| Non-operating Income & (Expense) | 45,599 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 293,285 |
| Cost of Funds | 638,977 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 469,982 |
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