Dec, 31, 2021 — HEALTHCARE SYSTEMS FEDERAL CREDIT UNION is a federal credit union headquartered in FALLS CHURCH, VA with 3 branch locations and about $104.02 million in total assets. Opened 56 years ago in 1966, HEALTHCARE SYSTEMS FEDERAL CREDIT UNION has about 9,185 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 |
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Address: (Main Office) | 3300 Gallows Rd FALLS CHURCH, VA 22042 |
Phone: | (703) 776-2700 |
Fax: | |
Website: | http://healthcarefcu.org |
Branches: | 3 branch locations |
Members: | 9,185 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24564 |
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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: | $104,019,540 |
CEO/Manager: | William Hawkins |
Chairperson: | John Howell |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,514,528 |
TOTAL INVESTMENTS | 35,140,921 |
Loans Held for Sale | 0 |
Real Estate Loans | 31,659,075 |
Unsecured Loans | 9,395,085 |
Other Loans | 17,589,580 |
TOTAL LOANS | 58,643,740 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -940,075 |
Land And Building | 88,339 |
Other Fixed Assets | 90,685 |
NCUSIF Deposit | 901,625 |
All Other Assets | 2,579,777 |
TOTAL ASSETS | 104,019,540 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 500,000 |
Accounts Payable & Other Liabilities | 554,055 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 16,281,167 |
Regular shares | 45,739,846 |
All Other Shares & Deposits | 32,148,117 |
TOTAL SHARES & DEPOSITS | 94,169,130 |
TOTAL LIABILITIES | 95,223,185 |
Regular Reserve | 614,224 |
Other Reserves | -143,285 |
Undivided Earnings | 8,325,416 |
TOTAL EQUITY | 8,796,355 |
TOTAL LIABILITIES, SHARES, & EQUITY | 104,019,540 |
INCOME & EXPENSE | |
Loan Income | 2,860,354 |
Investment Income | 531,583 |
Other Income | 991,539 |
Total Employee Compensation & Benefits | 1,776,881 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,736,079 |
Non-operating Income & (Expense) | 13,000 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 591,854 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 598,831 |
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