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HUD FEDERAL CREDIT UNION

Dec, 31, 2023 — HUD FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 1 branch location and about $49.29 million in total assets. Opened 84 years ago in 1940, HUD FEDERAL CREDIT UNION has about 5,048 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 254074730
Name:HUD FEDERAL CREDIT UNION
Address:
(Main Office)
451 7th St Sw Rm 3241
WASHINGTON, DC 20410
Phone:(202) 863-2800
Fax:(202) 863-0131
Website:https://www.hudfcu.org
Branches:1 branch locations
Members:5,048
Credit Union Type:Federal Credit Union
Charter Number:4037
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1940
Last Audited:Sep 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$49,289,816
CEO/Manager:Scott Sabitus
Chairperson:Otis Collins

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,531,269
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 21,939,651
 Unsecured Loans 7,594,815
 Other Loans 6,317,183
 TOTAL LOANS 35,851,649
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -516,342
 Land And Building 0
 Other Fixed Assets 93,778
 NCUSIF Deposit 457,372
 All Other Assets 0
  TOTAL ASSETS 49,289,816
LIABILITIES & CAPITAL:  
 Dividends Payable 15,857
 Notes & Interest Payable 1,800,000
 Accounts Payable & Other Liabilities 41,652
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 13,425,804
 Regular shares 20,625,933
 All Other Shares & Deposits 11,699,615
  TOTAL SHARES & DEPOSITS 45,751,351
  TOTAL LIABILITIES 47,608,860
 Regular Reserve 0
 Other Reserves -598,438
 Undivided Earnings 2,279,394
  TOTAL EQUITY 1,680,956
  TOTAL LIABILITIES, SHARES, & EQUITY 49,289,816
INCOME & EXPENSE  
 Loan Income 1,587,673
 Investment Income 372,024
 Other Income 393,560
 Total Employee Compensation & Benefits 712,456
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,243,761
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -8,973
 Cost of Funds 171,815
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -630,140
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