Dec, 31, 2023 — NATIONAL INSTITUTES OF HEALTH FEDERAL CREDIT UNION is a federal credit union headquartered in ROCKVILLE, MD with 7 branch locations and about $798.79 million in total assets. Opened 84 years ago in 1940, NATIONAL INSTITUTES OF HEALTH FEDERAL CREDIT UNION has about 48,541 members and employs 128 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NATIONAL INSTITUTES OF HEALTH FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 111 Rockville Pike Ste 500 ROCKVILLE, MD 20850 |
| Phone: | (301) 718-0208 |
| Fax: | (301) 770-5372 |
| Website: | https://www.nihfcu.org |
| Branches: | 7 branch locations |
| Members: | 48,541 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3601 |
|---|---|
| Membership Type: | Multiple common bond - Primarily health care |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $798,789,293 |
| CEO/Manager: | Richard A Wieczorek |
| Chairperson: | Steven J Berkowitz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 51,207,811 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 335,778,794 |
| Unsecured Loans | 70,165,747 |
| Other Loans | 90,070,295 |
| TOTAL LOANS | 496,020,835 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,662,089 |
| Land And Building | 0 |
| Other Fixed Assets | 11,126,255 |
| NCUSIF Deposit | 6,989,018 |
| All Other Assets | 0 |
| TOTAL ASSETS | 798,789,293 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 19,357,642 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 246,920,482 |
| Regular shares | 295,589,720 |
| All Other Shares & Deposits | 200,743,790 |
| TOTAL SHARES & DEPOSITS | 743,253,992 |
| TOTAL LIABILITIES | 762,628,244 |
| Regular Reserve | 0 |
| Other Reserves | -21,776,009 |
| Undivided Earnings | 57,937,058 |
| TOTAL EQUITY | 36,161,049 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 798,789,293 |
| INCOME & EXPENSE | |
| Loan Income | 24,216,382 |
| Investment Income | 6,799,589 |
| Other Income | 5,450,652 |
| Total Employee Compensation & Benefits | 14,540,922 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 14,798,646 |
| Non-operating Income & (Expense) | 1,158,235 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,674,074 |
| Cost of Funds | 4,351,258 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -1,806,690 |
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