Dec, 31, 2023 — HEALTHNET FEDERAL CREDIT UNION is a federal credit union headquartered in CORDOVA, TN with 3 branch locations and about $56.53 million in total assets. Opened 69 years ago in 1955, HEALTHNET FEDERAL CREDIT UNION has about 4,784 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HEALTHNET FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1591 Chickering Ln CORDOVA, TN 38016-8698 |
| Phone: | (901) 226-1111 |
| Fax: | (901) 226-1122 |
| Website: | https://www.healthnetfcu.org |
| Branches: | 3 branch locations |
| Members: | 4,784 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9994 |
|---|---|
| Membership Type: | Multiple common bond - Primarily health care |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $56,532,385 |
| CEO/Manager: | Elizabeth Sharpe |
| Chairperson: | Charles J Emerick |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,537,650 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 100,490 |
| Unsecured Loans | 1,152,625 |
| Other Loans | 14,071,982 |
| TOTAL LOANS | 15,886,676 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -256,772 |
| Land And Building | 1,656,211 |
| Other Fixed Assets | 118,395 |
| NCUSIF Deposit | 517,447 |
| All Other Assets | 0 |
| TOTAL ASSETS | 56,532,385 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 43,337 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 725,474 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,183,128 |
| Regular shares | 20,637,348 |
| All Other Shares & Deposits | 18,446,263 |
| TOTAL SHARES & DEPOSITS | 48,266,739 |
| TOTAL LIABILITIES | 49,035,550 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 7,496,835 |
| TOTAL EQUITY | 7,496,835 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 56,532,385 |
| INCOME & EXPENSE | |
| Loan Income | 812,159 |
| Investment Income | 837,229 |
| Other Income | 536,410 |
| Total Employee Compensation & Benefits | 794,390 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,086,231 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 89,602 |
| Cost of Funds | 153,641 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 342,736 |
| ↑ Back to Top | |