Dec, 31, 2023 — HOPEWELL FEDERAL CREDIT UNION is a federal credit union headquartered in HEATH, OH with 3 branch locations and about $147.24 million in total assets. Opened 62 years ago in 1962, HOPEWELL FEDERAL CREDIT UNION has about 8,931 members and employs 38 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 |
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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: | 8,931 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 15307 |
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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, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $147,241,852 |
CEO/Manager: | Christopher L Simmons |
Chairperson: | William Hepner |
ASSETS: | $ Amount |
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Cash & Equivalents | 10,262,548 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 47,919,177 |
Unsecured Loans | 6,246,628 |
Other Loans | 35,615,780 |
TOTAL LOANS | 89,781,585 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -291,164 |
Land And Building | 3,246,914 |
Other Fixed Assets | 301,308 |
NCUSIF Deposit | 1,240,474 |
All Other Assets | 26,996 |
TOTAL ASSETS | 147,241,852 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 58,559 |
Notes & Interest Payable | 6,650,000 |
Accounts Payable & Other Liabilities | 569,830 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 24,369,940 |
Regular shares | 54,250,905 |
All Other Shares & Deposits | 54,013,956 |
TOTAL SHARES & DEPOSITS | 132,634,800 |
TOTAL LIABILITIES | 139,913,189 |
Regular Reserve | 0 |
Other Reserves | -3,388,754 |
Undivided Earnings | 10,717,417 |
TOTAL EQUITY | 7,328,663 |
TOTAL LIABILITIES, SHARES, & EQUITY | 147,241,852 |
INCOME & EXPENSE | |
Loan Income | 4,141,736 |
Investment Income | 992,115 |
Other Income | 701,200 |
Total Employee Compensation & Benefits | 2,188,083 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,228,651 |
Non-operating Income & (Expense) | -295,351 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 90,100 |
Cost of Funds | 1,452,589 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 472,568 |
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