Credit Unions Near Me
National Credit Union Service Organization

HEALTH ALLIANCE FEDERAL CREDIT UNION

Jun, 30, 2021 — HEALTH ALLIANCE FEDERAL CREDIT UNION is a federal credit union headquartered in SOMERVILLE, MA with 1 branch location and about $6.24 million in total assets. Opened 55 years ago in 1966, HEALTH ALLIANCE FEDERAL CREDIT UNION has about 1,271 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:http://www.myhacu.org
Branches:1 branch locations
Members:1,271
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$6,244,266
CEO/Manager:Jacqueline A Kumpa
Chairperson:John Colbert

Call Report

  • Credit Builder
  • Payday Alternative Loans (PAL Loans)

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 782,137
TOTAL INVESTMENTS 2,504,000
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 974,453
 Other Loans 2,005,898
 TOTAL LOANS 2,980,351
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -87,330
 Land And Building 0
 Other Fixed Assets 2,828
 NCUSIF Deposit 51,651
 All Other Assets 10,629
  TOTAL ASSETS 6,244,266
LIABILITIES & CAPITAL:  
 Dividends Payable 6,916
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 10,541
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 18,462
 Regular shares 4,921,634
 All Other Shares & Deposits 743,084
  TOTAL SHARES & DEPOSITS 5,683,180
  TOTAL LIABILITIES 5,700,637
 Regular Reserve 60,690
 Other Reserves 0
 Undivided Earnings 482,939
  TOTAL EQUITY 543,629
  TOTAL LIABILITIES, SHARES, & EQUITY 6,244,266
INCOME & EXPENSE  
 Loan Income 95,419
 Investment Income 11,609
 Other Income 8,723
 Total Employee Compensation & Benefits 63,035
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 22,900
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 7,500
 Cost of Funds 5,205
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 17,322
↑ Back to Top

Other Credit Unions

SOMERVILLE MASS FIREFIGHTERS FEDERAL CREDIT UNION
266 BROADWAY
SOMERVILLE, MA 02145
BOSTON CUSTOMS FEDERAL CREDIT UNION
10 Causeway Street, Room 436
BOSTON, MA 02222
NEW ENGLAND LEE FEDERAL CREDIT UNION
PO BOX 120226
BOSTON, MA 02112-0226
SYMPHONY FEDERAL CREDIT UNION
301 MASSACHUSETTS AVE
BOSTON, MA 02115
CAMBRIDGE MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION
795 MASSACHUSETTS AVE., CITY HALL
CAMBRIDGE, MA 02139-3201
SOMERVILLE SCHOOL EMPLOYEES FEDERAL CREDIT UNION
P.O. BOX 440053
SOMERVILLE, MA 02144
SOMERVILLE MUNICIPAL FEDERAL CREDIT UNION
236 HOLLAND ST
SOMERVILLE, MA 02144
CAMBRIDGE FIREFIGHTERS FEDERAL CREDIT UNION
29 Smith Pl
CAMBRIDGE, MA 02138-1007
CAMBRIDGE TEACHERS FEDERAL CREDIT UNION
20 FELTON ST
CAMBRIDGE, MA 02138
ALPHA CREDIT UNION
One Deaconess Rd
BOSTON, MA 02215