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HANIN FEDERAL CREDIT UNION

Dec, 31, 2021 — HANIN FEDERAL CREDIT UNION is a federal credit union headquartered in LOS ANGELES, CA with 3 branch locations and about $29.51 million in total assets. Opened 27 years ago in 1995, HANIN FEDERAL CREDIT UNION has about 3,570 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:HANIN FEDERAL CREDIT UNION
Address:
(Main Office)
3700 Wilshire Blvd Ste 104
LOS ANGELES, CA 90010-2902
Phone:(213) 368-9000
Fax:(213) 388-0949
Website:http://www.haninfcu.org
Branches:3 branch locations
Members:3,570
Credit Union Type:Federal Credit Union
Charter Number:24549
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1995
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$29,513,694
CEO/Manager:James Lee
Chairperson:Bog S Lee

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,261,914
TOTAL INVESTMENTS 17,443
Loans Held for Sale 0
 
 Real Estate Loans 898,907
 Unsecured Loans 3,337,955
 Other Loans 21,679,816
 TOTAL LOANS 25,916,678
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -418,162
 Land And Building 0
 Other Fixed Assets 264,779
 NCUSIF Deposit 256,498
 All Other Assets 214,544
  TOTAL ASSETS 29,513,694
LIABILITIES & CAPITAL:  
 Dividends Payable 35,136
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 393,357
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 10,327,463
 Regular shares 4,901,252
 All Other Shares & Deposits 10,654,640
  TOTAL SHARES & DEPOSITS 25,883,355
  TOTAL LIABILITIES 26,311,848
 Regular Reserve 402,225
 Other Reserves 0
 Undivided Earnings 2,799,621
  TOTAL EQUITY 3,201,846
  TOTAL LIABILITIES, SHARES, & EQUITY 29,513,694
INCOME & EXPENSE  
 Loan Income 1,752,440
 Investment Income 630
 Other Income 1,419,804
 Total Employee Compensation & Benefits 1,314,417
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,092,038
 Non-operating Income & (Expense) 97,293
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 320,000
 Cost of Funds 232,149
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 311,563
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