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BROWARD HEALTHCARE FEDERAL CREDIT UNION

Dec, 31, 2023 — BROWARD HEALTHCARE FEDERAL CREDIT UNION is a federal credit union headquartered in FORT LAUDERDALE, FL with 5 branch locations and about $94.64 million in total assets. Opened 67 years ago in 1957, BROWARD HEALTHCARE FEDERAL CREDIT UNION has about 8,525 members and employs 19 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:BROWARD HEALTHCARE FEDERAL CREDIT UNION
Address:
(Main Office)
2350 W COMMERCIAL BLVD
FORT LAUDERDALE, FL 33309
Phone:(954) 625-3660
Fax:(954) 730-0357
Website:https://www.bhcfcu.org
Branches:5 branch locations
Members:8,525
Credit Union Type:Federal Credit Union
Charter Number:11746
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1957
Last Audited:Sep 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$94,644,290
CEO/Manager:Daniel E Walker
Chairperson:JAMI MAHON

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,743,335
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 7,974,163
 Unsecured Loans 3,340,782
 Other Loans 26,810,654
 TOTAL LOANS 38,125,599
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -359,464
 Land And Building 1,134,265
 Other Fixed Assets 133,366
 NCUSIF Deposit 917,640
 All Other Assets 0
  TOTAL ASSETS 94,644,290
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,310,022
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 18,000,877
 Regular shares 39,850,139
 All Other Shares & Deposits 30,444,950
  TOTAL SHARES & DEPOSITS 88,295,965
  TOTAL LIABILITIES 89,605,987
 Regular Reserve 0
 Other Reserves -3,944,201
 Undivided Earnings 8,982,504
  TOTAL EQUITY 5,038,303
  TOTAL LIABILITIES, SHARES, & EQUITY 94,644,290
INCOME & EXPENSE  
 Loan Income 1,573,161
 Investment Income 1,121,967
 Other Income 898,074
 Total Employee Compensation & Benefits 1,596,072
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,732,913
 Non-operating Income & (Expense) 258,290
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -33,000
 Cost of Funds 461,232
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 453,861
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