Dec, 31, 2023 — HEALTHCARE SYSTEMS FEDERAL CREDIT UNION is a federal credit union headquartered in FALLS CHURCH, VA with 6 branch locations and about $129.52 million in total assets. Opened 58 years ago in 1966, HEALTHCARE SYSTEMS FEDERAL CREDIT UNION has about 12,628 members and employs 30 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: | 6 branch locations |
| Members: | 12,628 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24564 |
|---|---|
| Membership Type: | Service - Health Care |
| Corporate Credit Union: | No |
| Year Opened: | 1966 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $129,521,982 |
| CEO/Manager: | William Hawkins |
| Chairperson: | John Howell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,634,627 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 36,316,975 |
| Unsecured Loans | 11,344,693 |
| Other Loans | 23,870,842 |
| TOTAL LOANS | 71,532,510 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,090,110 |
| Land And Building | 78,877 |
| Other Fixed Assets | 73,406 |
| NCUSIF Deposit | 1,186,684 |
| All Other Assets | 0 |
| TOTAL ASSETS | 129,521,982 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 1,500,000 |
| Accounts Payable & Other Liabilities | 777,955 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,282,605 |
| Regular shares | 52,123,186 |
| All Other Shares & Deposits | 43,736,359 |
| TOTAL SHARES & DEPOSITS | 116,142,150 |
| TOTAL LIABILITIES | 118,420,105 |
| Regular Reserve | 0 |
| Other Reserves | -2,307,727 |
| Undivided Earnings | 13,409,604 |
| TOTAL EQUITY | 11,101,877 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 129,521,982 |
| INCOME & EXPENSE | |
| Loan Income | 4,047,625 |
| Investment Income | 1,438,303 |
| Other Income | 1,210,444 |
| Total Employee Compensation & Benefits | 2,159,994 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,098,392 |
| Non-operating Income & (Expense) | 133,936 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 209,657 |
| Cost of Funds | 1,281,989 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,126,087 |
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