Sep, 30, 2025 — TOWN OF HEMPSTEAD EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in NORTH BALDWIN, NY with 2 branch locations and about $147.86 million in total assets. Opened 63 years ago in 1963, TOWN OF HEMPSTEAD EMPLOYEES FEDERAL CREDIT UNION has about 9,632 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TOWN OF HEMPSTEAD EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1830 Grand Ave NORTH BALDWIN, NY 11510 |
| Phone: | (516) 867-4730 |
| Fax: | (516) 223-2218 |
| Website: | https://www.tohefcu.org |
| Branches: | 2 branch locations |
| Members: | 9,632 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15539 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $147,855,862 |
| CEO/Manager: | Robert G Muir |
| Chairperson: | Dominick A Longobardi |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 20,633,478 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 31,982,287 |
| Unsecured Loans | 7,693,680 |
| Other Loans | 7,409,043 |
| TOTAL LOANS | 51,940,142 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -615,701 |
| Land And Building | 358,057 |
| Other Fixed Assets | 164,817 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,275,603 |
| All Other Assets | 0 |
| TOTAL ASSETS | 147,855,862 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 523,553 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 23,973,226 |
| Regular shares | 77,400,236 |
| All Other Shares & Deposits | 34,500,016 |
| TOTAL SHARES & DEPOSITS | 135,873,478 |
| TOTAL LIABILITIES | 136,397,031 |
| Regular Reserve | 0 |
| Other Reserves | 359,887 |
| Undivided Earnings | 11,098,944 |
| TOTAL EQUITY | 11,458,831 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 147,855,862 |
| INCOME & EXPENSE | |
| Loan Income | 2,091,164 |
| Investment Income | 993,189 |
| Other Income | 538,461 |
| Total Employee Compensation & Benefits | 1,309,698 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,583,738 |
| Non-operating Income & (Expense) | 501,142 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 148,158 |
| Cost of Funds | 662,350 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 475,098 |
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