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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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