Mar, 31, 2021 — THE HEALTH & EDUCATION FEDERAL CREDIT UNION is a federal credit union headquartered in Lexington, KY with 2 branch locations and about $112.77 million in total assets. Opened 65 years ago in 1956, THE HEALTH & EDUCATION FEDERAL CREDIT UNION has about 13,633 members and employs 23 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: | 13,633 |
| 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: | $112,766,932 |
| CEO/Manager: | Pam R Henson |
| Chairperson: | David Riel |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 38,191,926 |
| TOTAL INVESTMENTS | 38,019,232 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 18,766,992 |
| Unsecured Loans | 2,244,928 |
| Other Loans | 13,762,423 |
| TOTAL LOANS | 34,774,343 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -98,397 |
| Land And Building | 385,442 |
| Other Fixed Assets | 114,807 |
| NCUSIF Deposit | 911,368 |
| All Other Assets | 468,211 |
| TOTAL ASSETS | 112,766,932 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 19,336 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -1,871,450 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 27,229,120 |
| Regular shares | 72,851,335 |
| All Other Shares & Deposits | 3,824,063 |
| TOTAL SHARES & DEPOSITS | 103,904,518 |
| TOTAL LIABILITIES | 102,052,404 |
| Regular Reserve | 1,367,638 |
| Other Reserves | -1,889,015 |
| Undivided Earnings | 11,235,905 |
| TOTAL EQUITY | 10,714,528 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 112,766,932 |
| INCOME & EXPENSE | |
| Loan Income | 395,888 |
| Investment Income | 170,520 |
| Other Income | 35,250 |
| Total Employee Compensation & Benefits | 278,640 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 299,113 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 19,756 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 123,907 |
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