Mar, 31, 2021 — BROWARD HEALTHCARE FEDERAL CREDIT UNION is a federal credit union headquartered in FORT LAUDERDALE, FL with 5 branch locations and about $97.11 million in total assets. Opened 64 years ago in 1957, BROWARD HEALTHCARE FEDERAL CREDIT UNION has about 8,942 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: | BROWARD HEALTHCARE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2350 W COMMERCIAL BLVD FORT LAUDERDALE, FL 33309 |
| Phone: | (954) 625-3660 |
| Fax: | (954) 730-0357 |
| Website: | http://www.bhcfcu.org |
| Branches: | 5 branch locations |
| Members: | 8,942 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11746 |
|---|---|
| Membership Type: | Multiple common bond - Primarily health care |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Sep 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $97,111,208 |
| CEO/Manager: | Daniel E Walker |
| Chairperson: | KATHLEEN COLLINS |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,789,626 |
| TOTAL INVESTMENTS | 54,004,390 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,715,768 |
| Unsecured Loans | 2,586,671 |
| Other Loans | 21,633,776 |
| TOTAL LOANS | 30,936,215 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -401,075 |
| Land And Building | 1,139,818 |
| Other Fixed Assets | 169,282 |
| NCUSIF Deposit | 716,632 |
| All Other Assets | 756,320 |
| TOTAL ASSETS | 97,111,208 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 871,922 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 19,224,602 |
| Regular shares | 43,142,316 |
| All Other Shares & Deposits | 25,317,719 |
| TOTAL SHARES & DEPOSITS | 87,684,637 |
| TOTAL LIABILITIES | 88,556,559 |
| Regular Reserve | 388,588 |
| Other Reserves | -120,696 |
| Undivided Earnings | 8,286,757 |
| TOTAL EQUITY | 8,554,649 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 97,111,208 |
| INCOME & EXPENSE | |
| Loan Income | 330,605 |
| Investment Income | 121,522 |
| Other Income | 170,197 |
| Total Employee Compensation & Benefits | 346,645 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 376,429 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 29,352 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 7,121 |
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