Dec, 31, 2023 — HIALEAH MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in HIALEAH, FL with 1 branch location and about $12.97 million in total assets. Opened 73 years ago in 1951, HIALEAH MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION has about 1,610 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | HIALEAH MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 501 Palm Ave HIALEAH, FL 33010-4719 |
Phone: | (305) 883-8090 |
Fax: | (305) 883-8092 |
Website: | https://www.hialeahcu.org |
Branches: | 1 branch locations |
Members: | 1,610 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 7534 |
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Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 1951 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $12,968,251 |
CEO/Manager: | Doug E Leever |
Chairperson: | Yoshua Garfinkel |
ASSETS: | $ Amount |
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Cash & Equivalents | 575,632 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 502,423 |
Other Loans | 5,996,134 |
TOTAL LOANS | 6,498,557 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -26,056 |
Land And Building | 0 |
Other Fixed Assets | 49,651 |
NCUSIF Deposit | 98,943 |
All Other Assets | 0 |
TOTAL ASSETS | 12,968,251 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 408,577 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 9,242,180 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 9,242,180 |
TOTAL LIABILITIES | 9,650,757 |
Regular Reserve | 0 |
Other Reserves | 172,378 |
Undivided Earnings | 3,145,116 |
TOTAL EQUITY | 3,317,494 |
TOTAL LIABILITIES, SHARES, & EQUITY | 12,968,251 |
INCOME & EXPENSE | |
Loan Income | 304,618 |
Investment Income | 161,902 |
Other Income | 14,478 |
Total Employee Compensation & Benefits | 271,780 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 228,752 |
Non-operating Income & (Expense) | 1,245 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,439 |
Cost of Funds | 26,789 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -31,398 |
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