Dec, 31, 2022 — HEALTHCARE SYSTEMS FEDERAL CREDIT UNION is a federal credit union headquartered in FALLS CHURCH, VA with 3 branch locations and about $109.14 million in total assets. Opened 57 years ago in 1966, HEALTHCARE SYSTEMS FEDERAL CREDIT UNION has about 9,247 members and employs 21 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HEALTHCARE SYSTEMS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3300 Gallows Rd FALLS CHURCH, VA 22042 |
| Phone: | (703) 776-2700 |
| Fax: | |
| Website: | https://healthcarefcu.org |
| Branches: | 3 branch locations |
| Members: | 9,247 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24564 |
|---|---|
| Membership Type: | Multiple common bond - Primarily health care |
| Corporate Credit Union: | No |
| Year Opened: | 1966 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $109,136,313 |
| CEO/Manager: | William Hawkins |
| Chairperson: | John Howell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,141,479 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 35,296,645 |
| Unsecured Loans | 9,325,258 |
| Other Loans | 17,789,603 |
| TOTAL LOANS | 62,411,506 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -885,669 |
| Land And Building | 84,791 |
| Other Fixed Assets | 99,003 |
| NCUSIF Deposit | 915,654 |
| All Other Assets | 0 |
| TOTAL ASSETS | 109,136,313 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 500,000 |
| Accounts Payable & Other Liabilities | 736,174 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 16,615,110 |
| Regular shares | 46,919,962 |
| All Other Shares & Deposits | 38,097,015 |
| TOTAL SHARES & DEPOSITS | 101,632,087 |
| TOTAL LIABILITIES | 102,868,261 |
| Regular Reserve | 0 |
| Other Reserves | -3,238,530 |
| Undivided Earnings | 9,506,582 |
| TOTAL EQUITY | 6,268,052 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 109,136,313 |
| INCOME & EXPENSE | |
| Loan Income | 2,211,569 |
| Investment Income | 450,521 |
| Other Income | 740,534 |
| Total Employee Compensation & Benefits | 1,266,337 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,363,004 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,241 |
| Cost of Funds | 375,535 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 566,943 |
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