Dec, 31, 2020 — BROWARD HEALTHCARE FEDERAL CREDIT UNION is a federal credit union headquartered in FORT LAUDERDALE, FL with 5 branch locations and about $90.45 million in total assets. Opened 64 years ago in 1957, BROWARD HEALTHCARE FEDERAL CREDIT UNION has about 8,965 members and employs 18 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: | 8,965 |
| 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: | $90,446,589 |
| CEO/Manager: | Daniel E Walker |
| Chairperson: | KATHLEEN COLLINS |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,047,196 |
| TOTAL INVESTMENTS | 48,739,631 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,833,705 |
| Unsecured Loans | 3,205,079 |
| Other Loans | 21,241,478 |
| TOTAL LOANS | 31,280,262 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -409,296 |
| Land And Building | 1,143,524 |
| Other Fixed Assets | 169,696 |
| NCUSIF Deposit | 716,632 |
| All Other Assets | 758,944 |
| TOTAL ASSETS | 90,446,589 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 970,064 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,167,610 |
| Regular shares | 38,210,180 |
| All Other Shares & Deposits | 24,978,991 |
| TOTAL SHARES & DEPOSITS | 80,356,781 |
| TOTAL LIABILITIES | 81,326,845 |
| Regular Reserve | 388,588 |
| Other Reserves | 451,519 |
| Undivided Earnings | 8,279,637 |
| TOTAL EQUITY | 9,119,744 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 90,446,589 |
| INCOME & EXPENSE | |
| Loan Income | 1,336,151 |
| Investment Income | 648,251 |
| Other Income | 1,285,673 |
| Total Employee Compensation & Benefits | 1,404,964 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,652,954 |
| Non-operating Income & (Expense) | 32,446 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 30,000 |
| Cost of Funds | 165,148 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 49,455 |
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