Dec, 31, 2020 — THE HEALTH & EDUCATION FEDERAL CREDIT UNION is a federal credit union headquartered in Lexington, KY with 2 branch locations and about $105.44 million in total assets. Opened 65 years ago in 1956, THE HEALTH & EDUCATION FEDERAL CREDIT UNION has about 13,579 members and employs 21 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 |
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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: | 13,579 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 10800 |
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Membership Type: | Multiple common bond - Primarily health care |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Dec 01, 2019 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $105,440,903 |
CEO/Manager: | Pam R Henson |
Chairperson: | David Riel |
ASSETS: | $ Amount |
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Cash & Equivalents | 31,895,275 |
TOTAL INVESTMENTS | 38,105,232 |
Loans Held for Sale | 0 |
Real Estate Loans | 17,433,412 |
Unsecured Loans | 2,428,777 |
Other Loans | 13,875,233 |
TOTAL LOANS | 33,737,422 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -96,917 |
Land And Building | 387,018 |
Other Fixed Assets | 123,282 |
NCUSIF Deposit | 911,368 |
All Other Assets | 378,223 |
TOTAL ASSETS | 105,440,903 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 19,687 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -1,830,178 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 25,606,192 |
Regular shares | 67,243,480 |
All Other Shares & Deposits | 3,857,447 |
TOTAL SHARES & DEPOSITS | 96,707,119 |
TOTAL LIABILITIES | 94,896,628 |
Regular Reserve | 1,367,638 |
Other Reserves | -1,935,361 |
Undivided Earnings | 11,111,998 |
TOTAL EQUITY | 10,544,275 |
TOTAL LIABILITIES, SHARES, & EQUITY | 105,440,903 |
INCOME & EXPENSE | |
Loan Income | 1,537,733 |
Investment Income | 949,447 |
Other Income | 591,543 |
Total Employee Compensation & Benefits | 1,207,897 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,223,654 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 37,738 |
Cost of Funds | 75,641 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 533,793 |
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