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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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 |
| ↑ Back to Top | |