Jun, 30, 2024 — HSM FEDERAL CREDIT UNION is a federal credit union headquartered in HICKORY, NC with 1 branch location and about $5.52 million in total assets. Opened 47 years ago in 1977, HSM FEDERAL CREDIT UNION has about 2,199 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 |
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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: | 2,199 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 22740 |
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Membership Type: | Manufacturing - All Other |
Corporate Credit Union: | No |
Year Opened: | 1977 |
Last Audited: | May 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $5,517,515 |
CEO/Manager: | LORI G NORRIS |
Chairperson: | BENNY HARRIS |
ASSETS: | $ Amount |
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Cash & Equivalents | 143,276 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,265,841 |
Other Loans | 3,033,857 |
TOTAL LOANS | 4,299,698 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -41,466 |
Land And Building | 0 |
Other Fixed Assets | 13,380 |
NCUSIF Deposit | 47,137 |
All Other Assets | 0 |
TOTAL ASSETS | 5,517,515 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 2,560 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 124,559 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 705,861 |
Regular shares | 3,303,233 |
All Other Shares & Deposits | 597,356 |
TOTAL SHARES & DEPOSITS | 4,606,450 |
TOTAL LIABILITIES | 4,733,569 |
Regular Reserve | 0 |
Other Reserves | 53,800 |
Undivided Earnings | 730,146 |
TOTAL EQUITY | 783,946 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,517,515 |
INCOME & EXPENSE | |
Loan Income | 195,513 |
Investment Income | 6,121 |
Other Income | 174,481 |
Total Employee Compensation & Benefits | 191,464 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 174,003 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 47,600 |
Cost of Funds | 5,290 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 18,781 |
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