HAMLET FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://hamlet.online-cu.com for more information.
Jun, 30, 2024 — 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 52 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: | https://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 |
| 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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