Dec, 31, 2023 — HOLY FAMILY MEMORIAL CREDIT UNION is a federally insured state chartered credit union headquartered in MANITOWOC, WI with 2 branch locations and about $16.84 million in total assets. Opened 63 years ago in 1961, HOLY FAMILY MEMORIAL CREDIT UNION has about 1,496 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HOLY FAMILY MEMORIAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2300 Western Ave MANITOWOC, WI 54220 |
| Phone: | (920) 320-2209 |
| Fax: | (920) 684-6910 |
| Website: | https://hfmcu.org |
| Branches: | 2 branch locations |
| Members: | 1,496 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66476 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $16,839,668 |
| CEO/Manager: | Joel C Strozewski |
| Chairperson: | Kay Stecker |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 279,489 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,186,905 |
| Unsecured Loans | 187,364 |
| Other Loans | 4,049,045 |
| TOTAL LOANS | 11,423,314 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -68,028 |
| Land And Building | 0 |
| Other Fixed Assets | 125,270 |
| NCUSIF Deposit | 160,992 |
| All Other Assets | 0 |
| TOTAL ASSETS | 16,839,668 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 72,868 |
| Accounts Payable & Other Liabilities | 94,137 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,317,797 |
| Regular shares | 10,997,279 |
| All Other Shares & Deposits | 1,463,918 |
| TOTAL SHARES & DEPOSITS | 14,778,994 |
| TOTAL LIABILITIES | 14,945,999 |
| Regular Reserve | 0 |
| Other Reserves | 202,266 |
| Undivided Earnings | 1,691,403 |
| TOTAL EQUITY | 1,893,669 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 16,839,668 |
| INCOME & EXPENSE | |
| Loan Income | 372,203 |
| Investment Income | 183,212 |
| Other Income | 37,911 |
| Total Employee Compensation & Benefits | 280,929 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 174,984 |
| Non-operating Income & (Expense) | 15,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 21,820 |
| Cost of Funds | 36,062 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 110,672 |
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