Credit Unions Near Me
National Credit Union Service Organization

HSM FEDERAL CREDIT UNION

Mar, 31, 2021 — HSM FEDERAL CREDIT UNION is a federal credit union headquartered in HICKORY, NC with 1 branch location and about $5.81 million in total assets. Opened 44 years ago in 1977, HSM FEDERAL CREDIT UNION has about 2,153 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)
PO BOX 128
HICKORY, NC 28603
Phone:(828) 328-2201
Fax:(828) 322-4914
Website:http://www.hsmfcu.org
Branches:1 branch locations
Members:2,153
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$5,814,249
CEO/Manager:LORI G NORRIS
Chairperson:BENNY HARRIS

Call Report

  • Overdraft Lines of Credit
  • Pay Day Loans
  • Risk Based Loans
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,247,825
TOTAL INVESTMENTS 1,128,126
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,214,658
 Other Loans 2,251,031
 TOTAL LOANS 3,465,689
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -85,491
 Land And Building 0
 Other Fixed Assets 441
 NCUSIF Deposit 35,449
 All Other Assets 22,210
  TOTAL ASSETS 5,814,249
LIABILITIES & CAPITAL:  
 Dividends Payable 1,618
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 77,645
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,117,744
 Regular shares 3,347,972
 All Other Shares & Deposits 586,149
  TOTAL SHARES & DEPOSITS 5,051,865
  TOTAL LIABILITIES 5,131,128
 Regular Reserve 53,802
 Other Reserves 0
 Undivided Earnings 629,319
  TOTAL EQUITY 683,121
  TOTAL LIABILITIES, SHARES, & EQUITY 5,814,249
INCOME & EXPENSE  
 Loan Income 64,959
 Investment Income 2,268
 Other Income 45,624
 Total Employee Compensation & Benefits 65,026
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 49,284
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 4,640
 Cost of Funds 1,013
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 13,921
↑ Back to Top

Other Credit Unions

PIEDMONT CREDIT UNION
PO Box 1307
STATESVILLE, NC 28687
SHUFORD FEDERAL CREDIT UNION
882 16th St NE
HICKORY, NC 28601
CS CREDIT UNION
6519 Comm Scope Rd
CATAWBA, NC 28609
LITHIUM FEDERAL CREDIT UNION
1111 BESSEMER CITY KINGS MTN HWY
BESSEMER CITY, NC 28016-9640
MCDOWELL CORNERSTONE CREDIT UNION
PO BOX 519
MARION, NC 28752
BLUE FLAME CREDIT UNION
PO Box 12400
CHARLOTTE, NC 28220
CAROLINA FEDERAL CREDIT UNION
1200 E CHURCH STREET
CHERRYVILLE, NC 28021
CHARLOTTE FIRE DEPARTMENT CREDIT UNION
2121 Commonwealth Ave
CHARLOTTE, NC 28205-5126
LION'S SHARE FEDERAL CREDIT UNION
P.O. BOX 278
SALISBURY, NC 28145-0278
CAROLINA COOPERATIVE FEDERAL CREDIT UNION
6502 MCMAHON DRIVE
CHARLOTTE, NC 28226