Jun, 30, 2023 — HEALTHCARE FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in NEW HAVEN, CT with 5 branch locations and about $75.37 million in total assets. Opened 73 years ago in 1950, HEALTHCARE FINANCIAL FEDERAL CREDIT UNION has about 9,568 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HEALTHCARE FINANCIAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 20 York St NEW HAVEN, CT 06510 |
| Phone: | (203) 680-8668 |
| Fax: | (203) 680-8459 |
| Website: | https://www.hcffcu.org |
| Branches: | 5 branch locations |
| Members: | 9,568 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6626 |
|---|---|
| Membership Type: | Service - Health Care |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $75,372,725 |
| CEO/Manager: | Josephine I Savino |
| Chairperson: | Michael D'Angelico |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,331,237 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 20,822,561 |
| Unsecured Loans | 4,304,903 |
| Other Loans | 21,589,985 |
| TOTAL LOANS | 46,717,449 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -99,682 |
| Land And Building | 150,534 |
| Other Fixed Assets | 172,954 |
| NCUSIF Deposit | 647,693 |
| All Other Assets | 0 |
| TOTAL ASSETS | 75,372,725 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 331,444 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,102,148 |
| Regular shares | 50,200,027 |
| All Other Shares & Deposits | 8,210,603 |
| TOTAL SHARES & DEPOSITS | 68,512,778 |
| TOTAL LIABILITIES | 68,844,222 |
| Regular Reserve | 0 |
| Other Reserves | 320,479 |
| Undivided Earnings | 6,208,024 |
| TOTAL EQUITY | 6,528,503 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 75,372,725 |
| INCOME & EXPENSE | |
| Loan Income | 1,469,868 |
| Investment Income | 304,608 |
| Other Income | 549,860 |
| Total Employee Compensation & Benefits | 1,052,430 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,417,691 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 114,273 |
| Cost of Funds | 53,565 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 310,110 |
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