Dec, 31, 2021 — TOWN OF HEMPSTEAD EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in NORTH BALDWIN, NY with 2 branch locations and about $154.58 million in total assets. Opened 59 years ago in 1963, TOWN OF HEMPSTEAD EMPLOYEES FEDERAL CREDIT UNION has about 8,990 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: | TOWN OF HEMPSTEAD EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 1830 Grand Ave NORTH BALDWIN, NY 11510 |
Phone: | (516) 867-4730 |
Fax: | (516) 223-2218 |
Website: | http://www.tohefcu.org |
Branches: | 2 branch locations |
Members: | 8,990 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 15539 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1963 |
Last Audited: | Mar 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $154,584,147 |
CEO/Manager: | Robert G Muir |
Chairperson: | Dominick A Longobardi |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,850,158 |
TOTAL INVESTMENTS | 85,061,317 |
Loans Held for Sale | 0 |
Real Estate Loans | 34,399,312 |
Unsecured Loans | 9,132,289 |
Other Loans | 12,593,940 |
TOTAL LOANS | 58,510,924 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,542,615 |
Land And Building | 162,945 |
Other Fixed Assets | 82,053 |
NCUSIF Deposit | 1,350,410 |
All Other Assets | 6,108,955 |
TOTAL ASSETS | 154,584,147 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 480,124 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 21,358,541 |
Regular shares | 86,306,133 |
All Other Shares & Deposits | 37,589,626 |
TOTAL SHARES & DEPOSITS | 145,254,300 |
TOTAL LIABILITIES | 145,734,424 |
Regular Reserve | 3,528,286 |
Other Reserves | -804,862 |
Undivided Earnings | 6,126,299 |
TOTAL EQUITY | 8,849,723 |
TOTAL LIABILITIES, SHARES, & EQUITY | 154,584,147 |
INCOME & EXPENSE | |
Loan Income | 2,521,312 |
Investment Income | 819,635 |
Other Income | 767,015 |
Total Employee Compensation & Benefits | 1,454,684 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,607,491 |
Non-operating Income & (Expense) | 623,933 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 862,000 |
Cost of Funds | 350,871 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 542,995 |
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