Dec, 31, 2023 — HTM CREDIT UNION is a federally insured state chartered credit union headquartered in HAVERHILL, MA with 1 branch location and about $26.54 million in total assets. Opened 87 years ago in 1937, HTM CREDIT UNION has about 1,783 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HTM CREDIT UNION |
|---|---|
| Address: (Main Office) | 4 Summer St Ste 3 HAVERHILL, MA 01830-5843 |
| Phone: | (978) 374-7386 |
| Fax: | (978) 372-0654 |
| Website: | https://www.htmcreditunion.com |
| Branches: | 1 branch locations |
| Members: | 1,783 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67749 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $26,536,236 |
| CEO/Manager: | Joseph W Graham |
| Chairperson: | Diane Juknavorian |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,446,611 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,869,681 |
| Unsecured Loans | 1,307,538 |
| Other Loans | 4,196,996 |
| TOTAL LOANS | 13,374,215 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -25,212 |
| Land And Building | 0 |
| Other Fixed Assets | 29,926 |
| NCUSIF Deposit | 237,524 |
| All Other Assets | 0 |
| TOTAL ASSETS | 26,536,236 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 11,873 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,228,904 |
| Regular shares | 14,742,938 |
| All Other Shares & Deposits | 5,741,268 |
| TOTAL SHARES & DEPOSITS | 22,713,110 |
| TOTAL LIABILITIES | 22,724,983 |
| Regular Reserve | 0 |
| Other Reserves | 545,988 |
| Undivided Earnings | 3,265,265 |
| TOTAL EQUITY | 3,811,253 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 26,536,236 |
| INCOME & EXPENSE | |
| Loan Income | 556,204 |
| Investment Income | 306,657 |
| Other Income | 99,203 |
| Total Employee Compensation & Benefits | 373,095 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 346,845 |
| Non-operating Income & (Expense) | 2,950 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 359 |
| Cost of Funds | 126,427 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 122,514 |
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