Dec, 31, 2023 — HANSCOM FEDERAL CREDIT UNION is a federal credit union headquartered in HANSCOM AFB, MA with 19 branch locations and about $1.83 billion in total assets. Opened 71 years ago in 1953, HANSCOM FEDERAL CREDIT UNION has about 99,369 members and employs 230 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HANSCOM FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1610 Eglin St HANSCOM AFB, MA 01731 |
| Phone: | (800) 656-4328 |
| Fax: | (888) 279-7725 |
| Website: | https://www.hfcu.org |
| Branches: | 19 branch locations |
| Members: | 99,369 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9095 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,830,274,746 |
| CEO/Manager: | Peter D Rice |
| Chairperson: | John Delcore |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 15,621,349 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 2,551,500 |
| Real Estate Loans | 1,113,189,950 |
| Unsecured Loans | 124,623,825 |
| Other Loans | 324,003,526 |
| TOTAL LOANS | 1,561,817,301 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,493,900 |
| Land And Building | 11,210,627 |
| Other Fixed Assets | 3,801,767 |
| NCUSIF Deposit | 14,924,862 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,830,274,746 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 34,625,600 |
| Accounts Payable & Other Liabilities | 26,882,423 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 250,702,238 |
| Regular shares | 294,850,064 |
| All Other Shares & Deposits | 1,028,930,103 |
| TOTAL SHARES & DEPOSITS | 1,574,482,405 |
| TOTAL LIABILITIES | 1,635,990,428 |
| Regular Reserve | 0 |
| Other Reserves | -15,677,218 |
| Undivided Earnings | 209,961,536 |
| TOTAL EQUITY | 194,284,318 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,830,274,746 |
| INCOME & EXPENSE | |
| Loan Income | 84,699,915 |
| Investment Income | 7,585,042 |
| Other Income | 9,079,551 |
| Total Employee Compensation & Benefits | 31,100,475 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 22,499,747 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,645,453 |
| Cost of Funds | 26,892,396 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 23,192,822 |
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