Dec, 31, 2021 — L.A. HEALTHCARE FEDERAL CREDIT UNION is a federal credit union headquartered in LOS ANGELES, CA with 2 branch locations and about $18.33 million in total assets. Opened 58 years ago in 1964, L.A. HEALTHCARE FEDERAL CREDIT UNION has about 2,255 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | L.A. HEALTHCARE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 637 Lucas Ave Ste 510 LOS ANGELES, CA 90017-1997 |
| Phone: | (213) 291-1833 |
| Fax: | (213) 202-5757 |
| Website: | http://www.lahfcu.org |
| Branches: | 2 branch locations |
| Members: | 2,255 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16571 |
|---|---|
| Membership Type: | Multiple common bond - Primarily health care |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $18,328,102 |
| CEO/Manager: | Annice Kim |
| Chairperson: | Bonnie Gorges |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 837,690 |
| TOTAL INVESTMENTS | 8,671,478 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 315,288 |
| Unsecured Loans | 1,278,555 |
| Other Loans | 6,916,145 |
| TOTAL LOANS | 8,509,988 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -106,722 |
| Land And Building | 0 |
| Other Fixed Assets | 135,706 |
| NCUSIF Deposit | 169,042 |
| All Other Assets | 110,920 |
| TOTAL ASSETS | 18,328,102 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 167,254 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,870,866 |
| Regular shares | 12,852,791 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 16,723,657 |
| TOTAL LIABILITIES | 16,890,911 |
| Regular Reserve | 920,000 |
| Other Reserves | 0 |
| Undivided Earnings | 517,191 |
| TOTAL EQUITY | 1,437,191 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 18,328,102 |
| INCOME & EXPENSE | |
| Loan Income | 420,992 |
| Investment Income | 128,297 |
| Other Income | 324,320 |
| Total Employee Compensation & Benefits | 273,262 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 477,621 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 424 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 128,025 |
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