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HOWARD UNIVERSITY EMPLOYEES FEDERAL CREDIT UNION

Jun, 30, 2023 — 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

Call Report

Financial Summary

» See also Statement of Financial Condition
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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