Dec, 31, 2023 — NATIONAL INSTITUTES OF HEALTH FEDERAL CREDIT UNION is a federal credit union headquartered in ROCKVILLE, MD with 7 branch locations and about $798.79 million in total assets. Opened 84 years ago in 1940, NATIONAL INSTITUTES OF HEALTH FEDERAL CREDIT UNION has about 48,541 members and employs 128 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NATIONAL INSTITUTES OF HEALTH FEDERAL CREDIT UNION |
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Address: (Main Office) | 111 Rockville Pike Ste 500 ROCKVILLE, MD 20850 |
Phone: | (301) 718-0208 |
Fax: | (301) 770-5372 |
Website: | https://www.nihfcu.org |
Branches: | 7 branch locations |
Members: | 48,541 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 3601 |
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Membership Type: | Multiple common bond - Primarily health care |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $798,789,293 |
CEO/Manager: | Richard A Wieczorek |
Chairperson: | Steven J Berkowitz |
ASSETS: | $ Amount |
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Cash & Equivalents | 51,207,811 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 335,778,794 |
Unsecured Loans | 70,165,747 |
Other Loans | 90,070,295 |
TOTAL LOANS | 496,020,835 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,662,089 |
Land And Building | 0 |
Other Fixed Assets | 11,126,255 |
NCUSIF Deposit | 6,989,018 |
All Other Assets | 0 |
TOTAL ASSETS | 798,789,293 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 19,357,642 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 246,920,482 |
Regular shares | 295,589,720 |
All Other Shares & Deposits | 200,743,790 |
TOTAL SHARES & DEPOSITS | 743,253,992 |
TOTAL LIABILITIES | 762,628,244 |
Regular Reserve | 0 |
Other Reserves | -21,776,009 |
Undivided Earnings | 57,937,058 |
TOTAL EQUITY | 36,161,049 |
TOTAL LIABILITIES, SHARES, & EQUITY | 798,789,293 |
INCOME & EXPENSE | |
Loan Income | 24,216,382 |
Investment Income | 6,799,589 |
Other Income | 5,450,652 |
Total Employee Compensation & Benefits | 14,540,922 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 14,798,646 |
Non-operating Income & (Expense) | 1,158,235 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,674,074 |
Cost of Funds | 4,351,258 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -1,806,690 |
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» See also Statement of Financial Condition