Jun, 30, 2021 — HEALTHCARE SYSTEMS FEDERAL CREDIT UNION is a federal credit union headquartered in FALLS CHURCH, VA with 3 branch locations and about $104.08 million in total assets. Opened 55 years ago in 1966, HEALTHCARE SYSTEMS FEDERAL CREDIT UNION has about 9,248 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: | http://healthcarefcu.org |
| Branches: | 3 branch locations |
| Members: | 9,248 |
| 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, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $104,082,595 |
| CEO/Manager: | William Hawkins |
| Chairperson: | John Howell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,276,912 |
| TOTAL INVESTMENTS | 31,063,031 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 30,242,696 |
| Unsecured Loans | 8,772,217 |
| Other Loans | 17,057,077 |
| TOTAL LOANS | 56,071,990 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -968,544 |
| Land And Building | 95,971 |
| Other Fixed Assets | 83,765 |
| NCUSIF Deposit | 880,898 |
| All Other Assets | 2,578,572 |
| TOTAL ASSETS | 104,082,595 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 1,000,000 |
| Accounts Payable & Other Liabilities | 552,849 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,478,714 |
| Regular shares | 44,469,117 |
| All Other Shares & Deposits | 33,857,370 |
| TOTAL SHARES & DEPOSITS | 93,805,201 |
| TOTAL LIABILITIES | 95,358,050 |
| Regular Reserve | 614,224 |
| Other Reserves | 222,945 |
| Undivided Earnings | 7,887,376 |
| TOTAL EQUITY | 8,724,545 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 104,082,595 |
| INCOME & EXPENSE | |
| Loan Income | 1,450,565 |
| Investment Income | 277,513 |
| Other Income | 470,954 |
| Total Employee Compensation & Benefits | 847,073 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 903,652 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 310,933 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 160,791 |
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