Jun, 30, 2024 — HOPEWELL FEDERAL CREDIT UNION is a federal credit union headquartered in HEATH, OH with 3 branch locations and about $133.22 million in total assets. Opened 63 years ago in 1962, HOPEWELL FEDERAL CREDIT UNION has about 8,573 members and employs 35 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HOPEWELL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 501 Hopewell Dr HEATH, OH 43056 |
| Phone: | (740) 522-8311 |
| Fax: | (740) 522-1577 |
| Website: | https://www.hopewellfcu.org |
| Branches: | 3 branch locations |
| Members: | 8,573 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15307 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $133,224,505 |
| CEO/Manager: | Christopher L Simmons |
| Chairperson: | Nasie Gallagher |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,960,784 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 45,464,362 |
| Unsecured Loans | 5,300,657 |
| Other Loans | 26,421,919 |
| TOTAL LOANS | 77,186,938 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -278,915 |
| Land And Building | 3,322,621 |
| Other Fixed Assets | 294,814 |
| NCUSIF Deposit | 1,166,701 |
| All Other Assets | 0 |
| TOTAL ASSETS | 133,224,505 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6,201 |
| Notes & Interest Payable | 4,000,000 |
| Accounts Payable & Other Liabilities | 473,376 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 24,299,634 |
| Regular shares | 56,760,660 |
| All Other Shares & Deposits | 42,841,189 |
| TOTAL SHARES & DEPOSITS | 123,901,483 |
| TOTAL LIABILITIES | 128,381,060 |
| Regular Reserve | 0 |
| Other Reserves | -4,974,092 |
| Undivided Earnings | 9,817,537 |
| TOTAL EQUITY | 4,843,445 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 133,224,505 |
| INCOME & EXPENSE | |
| Loan Income | 2,066,873 |
| Investment Income | 606,100 |
| Other Income | 525,339 |
| Total Employee Compensation & Benefits | 1,794,651 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,469,577 |
| Non-operating Income & (Expense) | 102,944 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 73,700 |
| Cost of Funds | 154,860 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 339,833 |
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