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HAMPTON ROADS EDUC CREDIT UNION INC

Dec, 31, 2021 — HAMPTON ROADS EDUC CREDIT UNION INC is a federally insured state chartered credit union headquartered in HAMPTON, VA with 1 branch location and about $40.76 million in total assets. Opened 68 years ago in 1954, HAMPTON ROADS EDUC CREDIT UNION INC has about 4,820 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 251480712
Name:HAMPTON ROADS EDUC CREDIT UNION INC
Address:
(Main Office)
2130 Cunningham Dr
HAMPTON, VA 23666
Phone:(757) 838-0707
Fax:(757) 838-0776
Website:http://www.hrecu.org
Branches:1 branch locations
Members:4,820
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:66913
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1954
Last Audited:Sep 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$40,763,314
CEO/Manager:Karen F Orie
Chairperson:CORNELIOUS CHAMBLISS

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,123,114
TOTAL INVESTMENTS 17,908,705
Loans Held for Sale 0
 
 Real Estate Loans 605,289
 Unsecured Loans 4,738,429
 Other Loans 9,263,417
 TOTAL LOANS 14,607,135
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -17,398
 Land And Building 0
 Other Fixed Assets 140,138
 NCUSIF Deposit 357,400
 All Other Assets 2,644,220
  TOTAL ASSETS 40,763,314
LIABILITIES & CAPITAL:  
 Dividends Payable 4,468
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 426,304
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 9,192,052
 Regular shares 26,432,267
 All Other Shares & Deposits 2,519,400
  TOTAL SHARES & DEPOSITS 38,143,719
  TOTAL LIABILITIES 38,574,491
 Regular Reserve 737,288
 Other Reserves -825,266
 Undivided Earnings 2,276,801
  TOTAL EQUITY 2,188,823
  TOTAL LIABILITIES, SHARES, & EQUITY 40,763,314
INCOME & EXPENSE  
 Loan Income 1,008,370
 Investment Income 229,110
 Other Income 406,542
 Total Employee Compensation & Benefits 689,295
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 902,682
 Non-operating Income & (Expense) 105,359
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -65,848
 Cost of Funds 22,465
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 254,811
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