Mar, 31, 2021 — L.A. HEALTHCARE FEDERAL CREDIT UNION is a federal credit union headquartered in LOS ANGELES, CA with 2 branch locations and about $18.82 million in total assets. Opened 57 years ago in 1964, L.A. HEALTHCARE FEDERAL CREDIT UNION has about 2,324 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) | PO BOX 17159 LOS ANGELES, CA 90017 |
| Phone: | (213) 291-1833 |
| Fax: | (213) 202-5757 |
| Website: | http://www.lahfcu.org |
| Branches: | 2 branch locations |
| Members: | 2,324 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $18,819,404 |
| CEO/Manager: | Annice Kim |
| Chairperson: | Bonnie Gorges |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,316,810 |
| TOTAL INVESTMENTS | 6,907,228 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 377,954 |
| Unsecured Loans | 1,367,160 |
| Other Loans | 5,632,719 |
| TOTAL LOANS | 7,377,833 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -101,501 |
| Land And Building | 0 |
| Other Fixed Assets | 69,248 |
| NCUSIF Deposit | 169,042 |
| All Other Assets | 80,744 |
| TOTAL ASSETS | 18,819,404 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 53,908 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,336,467 |
| Regular shares | 13,095,827 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 17,432,294 |
| TOTAL LIABILITIES | 17,486,202 |
| Regular Reserve | 920,000 |
| Other Reserves | 0 |
| Undivided Earnings | 413,202 |
| TOTAL EQUITY | 1,333,202 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 18,819,404 |
| INCOME & EXPENSE | |
| Loan Income | 106,390 |
| Investment Income | 30,717 |
| Other Income | 75,658 |
| Total Employee Compensation & Benefits | 68,442 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 122,166 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 0 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 24,035 |
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