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HOPEWELL CHEMICAL FEDERAL CREDIT UNION

Sep, 30, 2022 — HOPEWELL CHEMICAL FEDERAL CREDIT UNION is a federal credit union headquartered in HOPEWELL, VA with 2 branch locations and about $51.79 million in total assets. Opened 58 years ago in 1965, HOPEWELL CHEMICAL FEDERAL CREDIT UNION has about 3,345 members and employs 12 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: 251480848
Name:HOPEWELL CHEMICAL FEDERAL CREDIT UNION
Address:
(Main Office)
702 Elm St
HOPEWELL, VA 23860
Phone:(804) 452-2480
Fax:(804) 452-5515
Website:https://www.hopechemfcu.org
Branches:2 branch locations
Members:3,345
Credit Union Type:Federal Credit Union
Charter Number:16605
Membership Type:Multiple common bond - Primarily chemical
Corporate Credit Union:No
Year Opened:1965
Last Audited:Mar 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$51,794,591
CEO/Manager:Lynda K Frink
Chairperson:John W Tillett

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,058,782
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 1,794,079
 Unsecured Loans 2,643,164
 Other Loans 14,200,564
 TOTAL LOANS 18,637,807
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -86,551
 Land And Building 299,122
 Other Fixed Assets 22,870
 NCUSIF Deposit 435,069
 All Other Assets 0
  TOTAL ASSETS 51,794,591
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 854,751
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,925,203
 Regular shares 28,246,297
 All Other Shares & Deposits 11,306,099
  TOTAL SHARES & DEPOSITS 46,477,599
  TOTAL LIABILITIES 47,332,350
 Regular Reserve 0
 Other Reserves 708,288
 Undivided Earnings 3,753,953
  TOTAL EQUITY 4,462,241
  TOTAL LIABILITIES, SHARES, & EQUITY 51,794,591
INCOME & EXPENSE  
 Loan Income 700,663
 Investment Income 239,577
 Other Income 70,091
 Total Employee Compensation & Benefits 468,624
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 540,787
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 65,208
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 208,345
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