Dec, 31, 2023 — HAMPTON ROADS EDUC CREDIT UNION INC is a federally insured state chartered credit union headquartered in HAMPTON, VA with 1 branch location and about $41.45 million in total assets. Opened 70 years ago in 1954, HAMPTON ROADS EDUC CREDIT UNION INC has about 4,697 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | HAMPTON ROADS EDUC CREDIT UNION INC |
---|---|
Address: (Main Office) | 2130 Cunningham Dr HAMPTON, VA 23666 |
Phone: | (757) 838-0707 |
Fax: | (757) 838-0776 |
Website: | https://www.hrecu.org |
Branches: | 1 branch locations |
Members: | 4,697 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66913 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $41,452,768 |
CEO/Manager: | Karen F Orie |
Chairperson: | CORNELIOUS CHAMBLISS |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 1,952,784 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,241,869 |
Unsecured Loans | 5,416,936 |
Other Loans | 10,668,630 |
TOTAL LOANS | 17,327,435 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -94,103 |
Land And Building | 0 |
Other Fixed Assets | 136,007 |
NCUSIF Deposit | 378,058 |
All Other Assets | 0 |
TOTAL ASSETS | 41,452,768 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 7,046 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 676,600 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 8,997,861 |
Regular shares | 24,674,128 |
All Other Shares & Deposits | 4,239,454 |
TOTAL SHARES & DEPOSITS | 37,911,443 |
TOTAL LIABILITIES | 38,595,089 |
Regular Reserve | 0 |
Other Reserves | -391,811 |
Undivided Earnings | 3,249,490 |
TOTAL EQUITY | 2,857,679 |
TOTAL LIABILITIES, SHARES, & EQUITY | 41,452,768 |
INCOME & EXPENSE | |
Loan Income | 1,143,654 |
Investment Income | 382,628 |
Other Income | 456,800 |
Total Employee Compensation & Benefits | 677,745 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 990,417 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 109,707 |
Cost of Funds | 96,305 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 170,564 |
↑ Back to Top |