Jun, 30, 2024 — HAR-CO CREDIT UNION is a federally insured state chartered credit union headquartered in BEL AIR, MD with 3 branch locations and about $246.86 million in total assets. Opened 69 years ago in 1955, HAR-CO CREDIT UNION has about 14,067 members and employs 52 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HAR-CO CREDIT UNION |
|---|---|
| Address: (Main Office) | 30 N Hickory Ave BEL AIR, MD 21014-3249 |
| Phone: | (410) 838-9090 |
| Fax: | (410) 803-2449 |
| Website: | https://www.harcocu.org |
| Branches: | 3 branch locations |
| Members: | 14,067 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68639 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $246,859,965 |
| CEO/Manager: | Gilbert F Kennedy III |
| Chairperson: | Blaise Sedney |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 45,405,004 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 272,000 |
| Real Estate Loans | 105,302,967 |
| Unsecured Loans | 9,414,162 |
| Other Loans | 27,647,353 |
| TOTAL LOANS | 142,364,482 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -639,915 |
| Land And Building | 2,164,159 |
| Other Fixed Assets | 494,091 |
| NCUSIF Deposit | 2,094,835 |
| All Other Assets | 0 |
| TOTAL ASSETS | 246,859,965 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,090,105 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 51,072,527 |
| Regular shares | 121,680,065 |
| All Other Shares & Deposits | 53,325,218 |
| TOTAL SHARES & DEPOSITS | 226,077,810 |
| TOTAL LIABILITIES | 227,167,915 |
| Regular Reserve | 0 |
| Other Reserves | 7,362,884 |
| Undivided Earnings | 12,329,166 |
| TOTAL EQUITY | 19,692,050 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 246,859,965 |
| INCOME & EXPENSE | |
| Loan Income | 3,967,126 |
| Investment Income | 784,455 |
| Other Income | 960,801 |
| Total Employee Compensation & Benefits | 3,068,857 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,392,499 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 51,900 |
| Cost of Funds | 199,047 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 862,701 |
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