Sep, 30, 2025 — HEALTHCARE FINANCIAL CREDIT UNION (HFCU) is a federally insured state chartered credit union headquartered in NEW HAVEN, CT with 5 branch locations and about $62.67 million in total assets. Opened 76 years ago in 1950, HEALTHCARE FINANCIAL CREDIT UNION (HFCU) has about 9,604 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 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: | 9,604 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68745 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $62,668,138 |
| CEO/Manager: | Josephine I Savino |
| Chairperson: | Michael D'Angelico |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,577,605 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 31,269,886 |
| Unsecured Loans | 3,287,994 |
| Other Loans | 12,235,171 |
| TOTAL LOANS | 46,793,052 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -148,238 |
| Land And Building | 59,020 |
| Other Fixed Assets | 106,201 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 553,407 |
| All Other Assets | 0 |
| TOTAL ASSETS | 62,668,138 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 504,684 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,977,894 |
| Regular shares | 39,171,015 |
| All Other Shares & Deposits | 7,210,497 |
| TOTAL SHARES & DEPOSITS | 54,359,406 |
| TOTAL LIABILITIES | 54,864,090 |
| Regular Reserve | 0 |
| Other Reserves | 1,231,645 |
| Undivided Earnings | 6,572,403 |
| TOTAL EQUITY | 7,804,048 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 62,668,138 |
| INCOME & EXPENSE | |
| Loan Income | 1,888,980 |
| Investment Income | 202,050 |
| Other Income | 541,679 |
| Total Employee Compensation & Benefits | 1,256,969 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,451,869 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 21,620 |
| Cost of Funds | 174,359 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 66,084 |
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