Dec, 31, 2023 — HEALTH CREDIT UNION is a federally insured state chartered credit union headquartered in BIRMINGHAM, AL with 0 branch location and about $26.60 million in total assets. Opened 69 years ago in 1955, HEALTH CREDIT UNION has about 2,064 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HEALTH CREDIT UNION |
|---|---|
| Address: (Main Office) | 1400 6TH Ave S BIRMINGHAM, AL 35233 |
| Phone: | (205) 930-1213 |
| Fax: | (205) 930-1580 |
| Website: | https://www.healthcu.com |
| Branches: | 0 branch locations |
| Members: | 2,064 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62664 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $26,596,908 |
| CEO/Manager: | Judd Davis |
| Chairperson: | Stephanie A Millsap |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 955,795 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,291,245 |
| Unsecured Loans | 3,948,084 |
| Other Loans | 10,688,476 |
| TOTAL LOANS | 17,927,805 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -101,848 |
| Land And Building | 0 |
| Other Fixed Assets | 7,653 |
| NCUSIF Deposit | 204,594 |
| All Other Assets | 0 |
| TOTAL ASSETS | 26,596,908 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 23,827 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 182,612 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,527,581 |
| Regular shares | 9,017,533 |
| All Other Shares & Deposits | 7,826,975 |
| TOTAL SHARES & DEPOSITS | 20,372,089 |
| TOTAL LIABILITIES | 20,578,528 |
| Regular Reserve | 0 |
| Other Reserves | 5,000,000 |
| Undivided Earnings | 1,018,380 |
| TOTAL EQUITY | 6,018,380 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 26,596,908 |
| INCOME & EXPENSE | |
| Loan Income | 1,162,488 |
| Investment Income | 174,840 |
| Other Income | 97,426 |
| Total Employee Compensation & Benefits | 497,452 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 420,121 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 197,458 |
| Cost of Funds | 174,007 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 273,754 |
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