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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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