Dec, 31, 2023 — BROWARD HEALTHCARE FEDERAL CREDIT UNION is a federal credit union headquartered in FORT LAUDERDALE, FL with 5 branch locations and about $94.64 million in total assets. Opened 67 years ago in 1957, BROWARD HEALTHCARE FEDERAL CREDIT UNION has about 8,525 members and employs 19 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | BROWARD HEALTHCARE FEDERAL CREDIT UNION |
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Address: (Main Office) | 2350 W COMMERCIAL BLVD FORT LAUDERDALE, FL 33309 |
Phone: | (954) 625-3660 |
Fax: | (954) 730-0357 |
Website: | https://www.bhcfcu.org |
Branches: | 5 branch locations |
Members: | 8,525 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11746 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $94,644,290 |
CEO/Manager: | Daniel E Walker |
Chairperson: | JAMI MAHON |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,743,335 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 7,974,163 |
Unsecured Loans | 3,340,782 |
Other Loans | 26,810,654 |
TOTAL LOANS | 38,125,599 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -359,464 |
Land And Building | 1,134,265 |
Other Fixed Assets | 133,366 |
NCUSIF Deposit | 917,640 |
All Other Assets | 0 |
TOTAL ASSETS | 94,644,290 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,310,022 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 18,000,877 |
Regular shares | 39,850,139 |
All Other Shares & Deposits | 30,444,950 |
TOTAL SHARES & DEPOSITS | 88,295,965 |
TOTAL LIABILITIES | 89,605,987 |
Regular Reserve | 0 |
Other Reserves | -3,944,201 |
Undivided Earnings | 8,982,504 |
TOTAL EQUITY | 5,038,303 |
TOTAL LIABILITIES, SHARES, & EQUITY | 94,644,290 |
INCOME & EXPENSE | |
Loan Income | 1,573,161 |
Investment Income | 1,121,967 |
Other Income | 898,074 |
Total Employee Compensation & Benefits | 1,596,072 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,732,913 |
Non-operating Income & (Expense) | 258,290 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -33,000 |
Cost of Funds | 461,232 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 453,861 |
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» See also Statement of Financial Condition