Dec, 31, 2020 — HEALTHCARE SYSTEMS FEDERAL CREDIT UNION is a federal credit union headquartered in FALLS CHURCH, VA with 3 branch locations and about $101.07 million in total assets. Opened 55 years ago in 1966, HEALTHCARE SYSTEMS FEDERAL CREDIT UNION has about 9,219 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: | 9,219 |
| 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: | $101,071,601 |
| CEO/Manager: | William Hawkins |
| Chairperson: | John Howell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,448,718 |
| TOTAL INVESTMENTS | 28,361,747 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 31,495,917 |
| Unsecured Loans | 9,269,942 |
| Other Loans | 15,872,666 |
| TOTAL LOANS | 56,638,525 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,011,236 |
| Land And Building | 108,869 |
| Other Fixed Assets | 94,493 |
| NCUSIF Deposit | 852,959 |
| All Other Assets | 2,577,526 |
| TOTAL ASSETS | 101,071,601 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 1,000,000 |
| Accounts Payable & Other Liabilities | 536,394 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,477,823 |
| Regular shares | 39,967,253 |
| All Other Shares & Deposits | 35,260,893 |
| TOTAL SHARES & DEPOSITS | 90,705,969 |
| TOTAL LIABILITIES | 92,242,363 |
| Regular Reserve | 614,224 |
| Other Reserves | 488,429 |
| Undivided Earnings | 7,726,585 |
| TOTAL EQUITY | 8,829,238 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 101,071,601 |
| INCOME & EXPENSE | |
| Loan Income | 3,126,026 |
| Investment Income | 554,996 |
| Other Income | 960,320 |
| Total Employee Compensation & Benefits | 1,725,055 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,628,023 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 204,587 |
| Cost of Funds | 800,655 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 283,022 |
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