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HANIN FEDERAL CREDIT UNION

Sep, 30, 2021 — HANIN FEDERAL CREDIT UNION is a federal credit union headquartered in Los Angeles, CA with 3 branch locations and about $34.39 million in total assets. Opened 27 years ago in 1995, HANIN FEDERAL CREDIT UNION has about 3,616 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:3,616
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:$34,385,882
CEO/Manager:James Lee
Chairperson:Bog S Lee

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 8,158,251
TOTAL INVESTMENTS 17,443
Loans Held for Sale 0
 
 Real Estate Loans 915,714
 Unsecured Loans 5,939,069
 Other Loans 18,961,555
 TOTAL LOANS 25,816,338
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -362,142
 Land And Building 0
 Other Fixed Assets 278,190
 NCUSIF Deposit 256,498
 All Other Assets 221,304
  TOTAL ASSETS 34,385,882
LIABILITIES & CAPITAL:  
 Dividends Payable 32,672
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 532,305
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 10,265,259
 Regular shares 3,796,544
 All Other Shares & Deposits 16,585,919
  TOTAL SHARES & DEPOSITS 30,647,722
  TOTAL LIABILITIES 31,212,699
 Regular Reserve 402,225
 Other Reserves 0
 Undivided Earnings 2,770,958
  TOTAL EQUITY 3,173,183
  TOTAL LIABILITIES, SHARES, & EQUITY 34,385,882
INCOME & EXPENSE  
 Loan Income 1,251,614
 Investment Income 443
 Other Income 1,212,506
 Total Employee Compensation & Benefits 999,969
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 830,131
 Non-operating Income & (Expense) 97,293
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 250,000
 Cost of Funds 198,856
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 282,900
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