Dec, 31, 2023 — HEMA FEDERAL CREDIT UNION is a federal credit union headquartered in SILVER SPRING, MD with 1 branch location and about $17.47 million in total assets. Opened 55 years ago in 1969, HEMA FEDERAL CREDIT UNION has about 1,910 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HEMA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 8701 Georgia Ave Ste 407 SILVER SPRING, MD 20910-3713 |
| Phone: | (301) 588-1861 |
| Fax: | (301) 495-0764 |
| Website: | https://hemafcu.org |
| Branches: | 1 branch locations |
| Members: | 1,910 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 19514 |
|---|---|
| Membership Type: | Service - Health Care |
| Corporate Credit Union: | No |
| Year Opened: | 1969 |
| Last Audited: | May 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $17,467,481 |
| CEO/Manager: | Thomas H Mather |
| Chairperson: | Andrea M Edmonds |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 989,485 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 2,292,999 |
| Other Loans | 3,658,420 |
| TOTAL LOANS | 5,951,419 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -77,722 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 179,946 |
| All Other Assets | 0 |
| TOTAL ASSETS | 17,467,481 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 9,512 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 30,535 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 15,794,906 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 15,794,906 |
| TOTAL LIABILITIES | 15,834,953 |
| Regular Reserve | 0 |
| Other Reserves | 57,108 |
| Undivided Earnings | 1,575,420 |
| TOTAL EQUITY | 1,632,528 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 17,467,481 |
| INCOME & EXPENSE | |
| Loan Income | 356,934 |
| Investment Income | 133,080 |
| Other Income | 21,024 |
| Total Employee Compensation & Benefits | 0 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 473,670 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 31,157 |
| Cost of Funds | 39,828 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -29,680 |
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