Sep, 30, 2025 — HAR-CO CREDIT UNION is a federally insured state chartered credit union headquartered in BEL AIR, MD with 3 branch locations and about $264.78 million in total assets. Opened 71 years ago in 1955, HAR-CO CREDIT UNION has about 13,773 members and employs 65 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: | 13,773 |
| 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, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $264,779,082 |
| CEO/Manager: | Gilbert F Kennedy III |
| Chairperson: | Blaise Sedney |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 46,361,292 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 141,729,511 |
| Unsecured Loans | 8,919,923 |
| Other Loans | 36,656,034 |
| TOTAL LOANS | 187,313,984 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,565,727 |
| Land And Building | 2,040,062 |
| Other Fixed Assets | 565,821 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,159,244 |
| All Other Assets | 0 |
| TOTAL ASSETS | 264,779,082 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,675,135 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 50,927,210 |
| Regular shares | 107,270,406 |
| All Other Shares & Deposits | 78,334,534 |
| TOTAL SHARES & DEPOSITS | 236,532,151 |
| TOTAL LIABILITIES | 239,213,686 |
| Regular Reserve | 0 |
| Other Reserves | 7,365,384 |
| Undivided Earnings | 18,200,012 |
| TOTAL EQUITY | 25,565,396 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 264,779,082 |
| INCOME & EXPENSE | |
| Loan Income | 7,699,602 |
| Investment Income | 1,854,585 |
| Other Income | 895,212 |
| Total Employee Compensation & Benefits | 4,138,045 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,019,911 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 385,300 |
| Cost of Funds | 1,694,009 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,461,604 |
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