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BROWARD HEALTHCARE FEDERAL CREDIT UNION

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

Call Report

  • Credit Builder
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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