Credit Unions Near Me
National Credit Union Service Organization

HSM FEDERAL CREDIT UNION

Sep, 30, 2022 — 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 46 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
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
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

Call Report

  • Payday Alternative Loans (PAL Loans)

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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
↑ Back to Top

Other Credit Unions

PIEDMONT CREDIT UNION
1913 W Front St
STATESVILLE, NC 28677-3646
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
2031 RUTHERFORD RD
MARION, NC 28752
BLUE FLAME CREDIT UNION
2000 Continental Blvd
CHARLOTTE, NC 28273
CAROLINA FEDERAL CREDIT UNION
1200 E Church St
CHERRYVILLE, NC 28021-9211
CHARLOTTE FIRE DEPARTMENT CREDIT UNION
2121 Commonwealth Ave
CHARLOTTE, NC 28205-5100
LION'S SHARE FEDERAL CREDIT UNION
850 Harrison Rd
SALISBURY, NC 28147-9021
CAROLINA COOPERATIVE FEDERAL CREDIT UNION
6502 McMahan Dr
CHARLOTTE, NC 28226