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HAMPTON ROADS EDUC CREDIT UNION INC

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.


ABA Routing Number: 251480712
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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
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