Jun, 30, 2024 — HOWARD UNIVERSITY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 1 branch location and about $13.06 million in total assets. Opened 89 years ago in 1935, HOWARD UNIVERSITY EMPLOYEES FEDERAL CREDIT UNION has about 1,154 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HOWARD UNIVERSITY EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 525 Bryant St NW Rm C-102 WASHINGTON, DC 20059-1005 |
| Phone: | (202) 806-6128 |
| Fax: | (202) 806-4511 |
| Website: | https://www.huefcu.org |
| Branches: | 1 branch locations |
| Members: | 1,154 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 648 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $13,060,925 |
| CEO/Manager: | David A Muse |
| Chairperson: | Lincoln G Brown, Jr |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,862,693 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 492,077 |
| Unsecured Loans | 1,624,905 |
| Other Loans | 3,528,380 |
| TOTAL LOANS | 5,645,362 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -36,608 |
| Land And Building | 0 |
| Other Fixed Assets | 4,971 |
| NCUSIF Deposit | 116,846 |
| All Other Assets | 0 |
| TOTAL ASSETS | 13,060,925 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,259 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 55,079 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 380,868 |
| Regular shares | 8,592,185 |
| All Other Shares & Deposits | 2,965,810 |
| TOTAL SHARES & DEPOSITS | 11,938,863 |
| TOTAL LIABILITIES | 11,996,201 |
| Regular Reserve | 0 |
| Other Reserves | -225,743 |
| Undivided Earnings | 1,290,467 |
| TOTAL EQUITY | 1,064,724 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 13,060,925 |
| INCOME & EXPENSE | |
| Loan Income | 255,055 |
| Investment Income | 65,235 |
| Other Income | 11,000 |
| Total Employee Compensation & Benefits | 217,145 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 213,585 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 27,651 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -219,255 |
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