Sep, 30, 2025 — HEALTH ALLIANCE FEDERAL CREDIT UNION is a federal credit union headquartered in SOMERVILLE, MA with 1 branch location and about $5.90 million in total assets. Opened 60 years ago in 1966, HEALTH ALLIANCE FEDERAL CREDIT UNION has about 1,226 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HEALTH ALLIANCE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 230 Highland Ave SOMERVILLE, MA 02143-1408 |
| Phone: | (617) 591-6709 |
| Fax: | (617) 591-6711 |
| Website: | https://www.myhacu.org |
| Branches: | 1 branch locations |
| Members: | 1,226 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 17679 |
|---|---|
| Membership Type: | Service - Health Care |
| Corporate Credit Union: | No |
| Year Opened: | 1966 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,896,535 |
| CEO/Manager: | Jacqueline A Kumpa |
| Chairperson: | John Colbert |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 282,005 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 2,005,469 |
| Other Loans | 2,041,187 |
| TOTAL LOANS | 4,046,656 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -79,171 |
| Land And Building | 0 |
| Other Fixed Assets | 1,477 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 50,739 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,896,535 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 15,287 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 25,985 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 42,137 |
| Regular shares | 3,835,707 |
| All Other Shares & Deposits | 1,075,340 |
| TOTAL SHARES & DEPOSITS | 4,953,184 |
| TOTAL LIABILITIES | 4,994,456 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 902,079 |
| TOTAL EQUITY | 902,079 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,896,535 |
| INCOME & EXPENSE | |
| Loan Income | 270,521 |
| Investment Income | 54,618 |
| Other Income | 15,594 |
| Total Employee Compensation & Benefits | 140,636 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 42,117 |
| Non-operating Income & (Expense) | 462 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 11,250 |
| Cost of Funds | 33,057 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 114,135 |
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