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HAMLET FEDERAL CREDIT UNION

Mar, 31, 2021 — HAMLET FEDERAL CREDIT UNION is a federal credit union headquartered in HAMLET, NC with 2 branch locations and about $18.16 million in total assets. Opened 49 years ago in 1972, HAMLET FEDERAL CREDIT UNION has about 2,510 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:HAMLET FEDERAL CREDIT UNION
Address:
(Main Office)
P O BOX 271
HAMLET, NC 28345
Phone:(910) 582-1227
Fax:(910) 582-1736
Website:http://hamlet.online-cu.com
Branches:2 branch locations
Members:2,510
Credit Union Type:Federal Credit Union
Charter Number:21044
Membership Type:Multiple common bond - Primarily communications and utilities
Corporate Credit Union:No
Year Opened:1972
Last Audited:Dec 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$18,156,961
CEO/Manager:Al Parrish
Chairperson:Paul R Watford

Call Report

  • Overdraft Lines of Credit
  • Real Estate Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,146,411
TOTAL INVESTMENTS 5,807,297
Loans Held for Sale 0
 
 Real Estate Loans 882,449
 Unsecured Loans 1,547,136
 Other Loans 3,549,645
 TOTAL LOANS 5,979,230
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -177,226
 Land And Building 167,107
 Other Fixed Assets 19,378
 NCUSIF Deposit 140,300
 All Other Assets 74,464
  TOTAL ASSETS 18,156,961
LIABILITIES & CAPITAL:  
 Dividends Payable 5,181
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 750
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,262,613
 Regular shares 9,565,787
 All Other Shares & Deposits 3,356,462
  TOTAL SHARES & DEPOSITS 17,184,862
  TOTAL LIABILITIES 17,190,793
 Regular Reserve 670,127
 Other Reserves 0
 Undivided Earnings 296,041
  TOTAL EQUITY 966,168
  TOTAL LIABILITIES, SHARES, & EQUITY 18,156,961
INCOME & EXPENSE  
 Loan Income 453,162
 Investment Income 48,182
 Other Income 145,493
 Total Employee Compensation & Benefits 239,338
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 414,134
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -110,700
 Cost of Funds 28,985
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 75,080
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