Jun, 30, 2024 — HUD FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 1 branch location and about $52.83 million in total assets. Opened 84 years ago in 1940, HUD FEDERAL CREDIT UNION has about 5,021 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | HUD FEDERAL CREDIT UNION |
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Address: (Main Office) | 451 7th St Sw Rm 3241 WASHINGTON, DC 20410 |
Phone: | (202) 863-2800 |
Fax: | (202) 863-0131 |
Website: | https://www.hudfcu.org |
Branches: | 1 branch locations |
Members: | 5,021 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 4037 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Jun 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $52,825,915 |
CEO/Manager: | Scott Sabitus |
Chairperson: | Otis Collins |
ASSETS: | $ Amount |
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Cash & Equivalents | 8,976,767 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 20,074,905 |
Unsecured Loans | 6,840,435 |
Other Loans | 5,113,748 |
TOTAL LOANS | 32,029,088 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -80,379 |
Land And Building | 0 |
Other Fixed Assets | 154,838 |
NCUSIF Deposit | 448,937 |
All Other Assets | 0 |
TOTAL ASSETS | 52,825,915 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 562,527 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 15,191,111 |
Regular shares | 22,070,979 |
All Other Shares & Deposits | 12,039,583 |
TOTAL SHARES & DEPOSITS | 49,301,673 |
TOTAL LIABILITIES | 49,864,200 |
Regular Reserve | 0 |
Other Reserves | -806,977 |
Undivided Earnings | 3,768,692 |
TOTAL EQUITY | 2,961,715 |
TOTAL LIABILITIES, SHARES, & EQUITY | 52,825,915 |
INCOME & EXPENSE | |
Loan Income | 934,354 |
Investment Income | 152,135 |
Other Income | 251,263 |
Total Employee Compensation & Benefits | 473,886 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 869,004 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 183,118 |
Cost of Funds | 114,167 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -302,423 |
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