Dec, 31, 2023 — HOLYOKE COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in HOLYOKE, CO with 2 branch locations and about $42.37 million in total assets. Opened 86 years ago in 1938, HOLYOKE COMMUNITY FEDERAL CREDIT UNION has about 2,916 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | HOLYOKE COMMUNITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 101 W Denver St HOLYOKE, CO 80734-1427 |
Phone: | (970) 854-3109 |
Fax: | (970) 854-3726 |
Website: | https://hcfcu.org |
Branches: | 2 branch locations |
Members: | 2,916 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2818 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1938 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $42,373,031 |
CEO/Manager: | RANDY HALE |
Chairperson: | Joshua Martin |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,958,091 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 20,604,219 |
Unsecured Loans | 414,624 |
Other Loans | 7,181,264 |
TOTAL LOANS | 28,200,107 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -181,303 |
Land And Building | 573,083 |
Other Fixed Assets | 213,545 |
NCUSIF Deposit | 364,117 |
All Other Assets | 20,078 |
TOTAL ASSETS | 42,373,031 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 73,778 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 130,434 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 5,233,639 |
Regular shares | 14,698,777 |
All Other Shares & Deposits | 18,982,662 |
TOTAL SHARES & DEPOSITS | 38,915,078 |
TOTAL LIABILITIES | 39,119,290 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 3,253,741 |
TOTAL EQUITY | 3,253,741 |
TOTAL LIABILITIES, SHARES, & EQUITY | 42,373,031 |
INCOME & EXPENSE | |
Loan Income | 1,410,335 |
Investment Income | 440,206 |
Other Income | 59,806 |
Total Employee Compensation & Benefits | 752,954 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 617,133 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 611,755 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 12,355 |
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