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National Credit Union Service Organization

TOWN OF HEMPSTEAD EMPLOYEES FEDERAL CREDIT UNION

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.


ABA Routing Number: 221475867
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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