Jun, 30, 2024 — HEMA FEDERAL CREDIT UNION is a federal credit union headquartered in SILVER SPRING, MD with 1 branch location and about $20.09 million in total assets. Opened 55 years ago in 1969, HEMA FEDERAL CREDIT UNION has about 1,976 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: | 1,976 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $20,094,384 |
| CEO/Manager: | Thomas H Mather |
| Chairperson: | Andrea M Edmonds |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,467,139 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 2,323,048 |
| Other Loans | 3,007,577 |
| TOTAL LOANS | 5,330,625 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -45,782 |
| Land And Building | 0 |
| Other Fixed Assets | 33,419 |
| NCUSIF Deposit | 173,525 |
| All Other Assets | 0 |
| TOTAL ASSETS | 20,094,384 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 10,957 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 90,381 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 18,341,617 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 18,341,617 |
| TOTAL LIABILITIES | 18,442,955 |
| Regular Reserve | 0 |
| Other Reserves | 57,108 |
| Undivided Earnings | 1,594,321 |
| TOTAL EQUITY | 1,651,429 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 20,094,384 |
| INCOME & EXPENSE | |
| Loan Income | 227,112 |
| Investment Income | 120,825 |
| Other Income | 15,824 |
| Total Employee Compensation & Benefits | 0 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 338,714 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,000 |
| Cost of Funds | 31,797 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -8,579 |
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