Dec, 31, 2023 — HEALTHNET FEDERAL CREDIT UNION is a federal credit union headquartered in CORDOVA, TN with 3 branch locations and about $56.53 million in total assets. Opened 69 years ago in 1955, HEALTHNET FEDERAL CREDIT UNION has about 4,784 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | HEALTHNET FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 1591 Chickering Ln CORDOVA, TN 38016-8698 |
Phone: | (901) 226-1111 |
Fax: | (901) 226-1122 |
Website: | https://www.healthnetfcu.org |
Branches: | 3 branch locations |
Members: | 4,784 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 9994 |
---|---|
Membership Type: | Multiple common bond - Primarily health care |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $56,532,385 |
CEO/Manager: | Elizabeth Sharpe |
Chairperson: | Charles J Emerick |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 3,537,650 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 100,490 |
Unsecured Loans | 1,152,625 |
Other Loans | 14,071,982 |
TOTAL LOANS | 15,886,676 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -256,772 |
Land And Building | 1,656,211 |
Other Fixed Assets | 118,395 |
NCUSIF Deposit | 517,447 |
All Other Assets | 0 |
TOTAL ASSETS | 56,532,385 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 43,337 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 725,474 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 9,183,128 |
Regular shares | 20,637,348 |
All Other Shares & Deposits | 18,446,263 |
TOTAL SHARES & DEPOSITS | 48,266,739 |
TOTAL LIABILITIES | 49,035,550 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 7,496,835 |
TOTAL EQUITY | 7,496,835 |
TOTAL LIABILITIES, SHARES, & EQUITY | 56,532,385 |
INCOME & EXPENSE | |
Loan Income | 812,159 |
Investment Income | 837,229 |
Other Income | 536,410 |
Total Employee Compensation & Benefits | 794,390 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,086,231 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 89,602 |
Cost of Funds | 153,641 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 342,736 |
↑ Back to Top |