Sep, 30, 2025 — HSM FEDERAL CREDIT UNION is a federal credit union headquartered in HICKORY, NC with 1 branch location and about $5.57 million in total assets. Opened 49 years ago in 1977, HSM FEDERAL CREDIT UNION has about 2,160 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HSM FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 235 2ND AVE NW HICKORY, NC 28601 |
| Phone: | (828) 328-2201 |
| Fax: | (828) 322-4914 |
| Website: | https://www.hsmfcu.org |
| Branches: | 1 branch locations |
| Members: | 2,160 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22740 |
|---|---|
| Membership Type: | Manufacturing - All Other |
| Corporate Credit Union: | No |
| Year Opened: | 1977 |
| Last Audited: | May 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,572,086 |
| CEO/Manager: | LORI G NORRIS |
| Chairperson: | BENNY HARRIS |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 383,328 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 11,735 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,171,375 |
| Other Loans | 3,067,368 |
| TOTAL LOANS | 4,238,742 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -76,732 |
| Land And Building | 0 |
| Other Fixed Assets | 8,083 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 47,181 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,572,086 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 24,714 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 29,335 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 770,994 |
| Regular shares | 2,721,050 |
| All Other Shares & Deposits | 1,277,348 |
| TOTAL SHARES & DEPOSITS | 4,769,393 |
| TOTAL LIABILITIES | 4,823,442 |
| Regular Reserve | 0 |
| Other Reserves | 53,802 |
| Undivided Earnings | 694,842 |
| TOTAL EQUITY | 748,644 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,572,086 |
| INCOME & EXPENSE | |
| Loan Income | 280,194 |
| Investment Income | 34,468 |
| Other Income | 146,323 |
| Total Employee Compensation & Benefits | 206,797 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 201,689 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 85,500 |
| Cost of Funds | 42,631 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -23,836 |
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