Jun, 30, 2021 — THE HEALTH & EDUCATION FEDERAL CREDIT UNION is a federal credit union headquartered in Lexington, KY with 2 branch locations and about $113.43 million in total assets. Opened 65 years ago in 1956, THE HEALTH & EDUCATION FEDERAL CREDIT UNION has about 13,707 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | THE HEALTH & EDUCATION FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 424 Park Pl Lexington, KY 40511-1829 |
| Phone: | (859) 231-8262 |
| Fax: | (859) 254-3253 |
| Website: | http://www.thefcu.com |
| Branches: | 2 branch locations |
| Members: | 13,707 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10800 |
|---|---|
| Membership Type: | Multiple common bond - Primarily health care |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $113,430,570 |
| CEO/Manager: | Pam R Henson |
| Chairperson: | David Riel |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 35,886,525 |
| TOTAL INVESTMENTS | 39,013,232 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 20,712,163 |
| Unsecured Loans | 2,193,946 |
| Other Loans | 13,825,874 |
| TOTAL LOANS | 36,731,983 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -107,822 |
| Land And Building | 383,866 |
| Other Fixed Assets | 106,794 |
| NCUSIF Deposit | 963,107 |
| All Other Assets | 452,885 |
| TOTAL ASSETS | 113,430,570 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 11,771 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -1,992,952 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 26,522,242 |
| Regular shares | 73,926,783 |
| All Other Shares & Deposits | 4,098,809 |
| TOTAL SHARES & DEPOSITS | 104,547,834 |
| TOTAL LIABILITIES | 102,566,653 |
| Regular Reserve | 1,367,638 |
| Other Reserves | -1,842,669 |
| Undivided Earnings | 11,338,948 |
| TOTAL EQUITY | 10,863,917 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 113,430,570 |
| INCOME & EXPENSE | |
| Loan Income | 794,182 |
| Investment Income | 298,855 |
| Other Income | 66,565 |
| Total Employee Compensation & Benefits | 558,888 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 578,947 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 11,586 |
| Cost of Funds | 31,526 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 226,950 |
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