Dec, 31, 2023 — HEALTH ALLIANCE FEDERAL CREDIT UNION is a federal credit union headquartered in SOMERVILLE, MA with 1 branch location and about $5.79 million in total assets. Opened 58 years ago in 1966, HEALTH ALLIANCE FEDERAL CREDIT UNION has about 1,351 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: | 1,351 |
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, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $5,791,588 |
CEO/Manager: | Jacqueline A Kumpa |
Chairperson: | John Colbert |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 174,822 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,566,415 |
Other Loans | 2,453,339 |
TOTAL LOANS | 4,019,754 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -85,126 |
Land And Building | 0 |
Other Fixed Assets | 1,656 |
NCUSIF Deposit | 58,310 |
All Other Assets | 0 |
TOTAL ASSETS | 5,791,588 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 23,492 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 19,226 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 36,296 |
Regular shares | 3,892,884 |
All Other Shares & Deposits | 1,149,359 |
TOTAL SHARES & DEPOSITS | 5,078,539 |
TOTAL LIABILITIES | 5,121,257 |
Regular Reserve | 0 |
Other Reserves | 60,690 |
Undivided Earnings | 609,641 |
TOTAL EQUITY | 670,331 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,791,588 |
INCOME & EXPENSE | |
Loan Income | 273,566 |
Investment Income | 32,164 |
Other Income | 15,959 |
Total Employee Compensation & Benefits | 149,664 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 51,027 |
Non-operating Income & (Expense) | 811 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,000 |
Cost of Funds | 33,675 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 73,134 |
↑ Back to Top |
» See also Statement of Financial Condition