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HALIFAX COUNTY COMMUNITY FEDERAL CREDIT UNION

Mar, 31, 2021 — HALIFAX COUNTY COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in SOUTH BOSTON, VA with 0 branch location and about $7.30 million in total assets. Opened 40 years ago in 1981, HALIFAX COUNTY COMMUNITY FEDERAL CREDIT UNION has about 4,676 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:HALIFAX COUNTY COMMUNITY FEDERAL CREDIT UNION
Address:
(Main Office)
1176 HUELL MATHEWS HWY
SOUTH BOSTON, VA 24592
Phone:(434) 575-7916
Fax:
Website:n/a
Branches:0 branch locations
Members:4,676
Credit Union Type:Federal Credit Union
Charter Number:23760
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1981
Last Audited:Dec 01, 2017
FHLB Member:No
Low Income Designation:No
Assets:$7,301,925
CEO/Manager:William E Coleman
Chairperson:Freddie Jeffress, JR

Call Report

  • Real Estate Loans
  • ATM/Debit Card Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,006,380
TOTAL INVESTMENTS 1,082,313
Loans Held for Sale 0
 
 Real Estate Loans 647,471
 Unsecured Loans 258,166
 Other Loans 149,114
 TOTAL LOANS 1,054,751
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,446
 Land And Building 83,000
 Other Fixed Assets 0
 NCUSIF Deposit 42,809
 All Other Assets 35,118
  TOTAL ASSETS 7,301,925
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 21,165
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 250,204
 Regular shares 4,336,632
 All Other Shares & Deposits 1,834,358
  TOTAL SHARES & DEPOSITS 6,421,194
  TOTAL LIABILITIES 6,442,359
 Regular Reserve 31,883
 Other Reserves 0
 Undivided Earnings 827,683
  TOTAL EQUITY 859,566
  TOTAL LIABILITIES, SHARES, & EQUITY 7,301,925
INCOME & EXPENSE  
 Loan Income 23,178
 Investment Income 1,589
 Other Income 1,878
 Total Employee Compensation & Benefits 20,053
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 34,814
 Non-operating Income & (Expense) 1,641
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 7,617
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -34,198
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