Sep, 30, 2021 — TOWN OF HEMPSTEAD EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in NORTH BALDWIN, NY with 2 branch locations and about $152.26 million in total assets. Opened 59 years ago in 1963, TOWN OF HEMPSTEAD EMPLOYEES FEDERAL CREDIT UNION has about 8,946 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 |
|---|---|
| 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: | 8,946 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $152,257,447 |
| CEO/Manager: | Robert G Muir |
| Chairperson: | Dominick A Longobardi |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,975,233 |
| TOTAL INVESTMENTS | 81,807,319 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 34,241,306 |
| Unsecured Loans | 9,197,998 |
| Other Loans | 13,186,601 |
| TOTAL LOANS | 58,356,459 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,530,664 |
| Land And Building | 164,446 |
| Other Fixed Assets | 95,165 |
| NCUSIF Deposit | 1,350,410 |
| All Other Assets | 6,039,079 |
| TOTAL ASSETS | 152,257,447 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 429,303 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,045,830 |
| Regular shares | 85,078,026 |
| All Other Shares & Deposits | 37,964,093 |
| TOTAL SHARES & DEPOSITS | 143,087,949 |
| TOTAL LIABILITIES | 143,517,252 |
| Regular Reserve | 3,373,709 |
| Other Reserves | -804,862 |
| Undivided Earnings | 6,171,348 |
| TOTAL EQUITY | 8,740,195 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 152,257,447 |
| INCOME & EXPENSE | |
| Loan Income | 1,919,962 |
| Investment Income | 607,387 |
| Other Income | 567,484 |
| Total Employee Compensation & Benefits | 1,036,269 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,201,305 |
| Non-operating Income & (Expense) | 623,933 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 842,000 |
| Cost of Funds | 271,423 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 433,466 |
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