Dec, 31, 2023 — HSM FEDERAL CREDIT UNION is a federal credit union headquartered in HICKORY, NC with 1 branch location and about $6.13 million in total assets. Opened 47 years ago in 1977, HSM FEDERAL CREDIT UNION has about 2,220 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | HSM FEDERAL CREDIT UNION |
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Address: (Main Office) | 235 2ND AVE NW HICKORY, NC 28601 |
Phone: | (828) 328-2201 |
Fax: | (828) 322-4914 |
Website: | https://www.hsmfcu.org |
Branches: | 1 branch locations |
Members: | 2,220 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 22740 |
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Membership Type: | Manufacturing - All Other |
Corporate Credit Union: | No |
Year Opened: | 1977 |
Last Audited: | May 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $6,129,176 |
CEO/Manager: | LORI G NORRIS |
Chairperson: | BENNY HARRIS |
ASSETS: | $ Amount |
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Cash & Equivalents | 910,940 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 24,360 |
Real Estate Loans | 0 |
Unsecured Loans | 1,370,884 |
Other Loans | 3,329,642 |
TOTAL LOANS | 4,700,525 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -62,406 |
Land And Building | 0 |
Other Fixed Assets | 11,569 |
NCUSIF Deposit | 45,253 |
All Other Assets | 0 |
TOTAL ASSETS | 6,129,176 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 15,038 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 138,930 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 955,643 |
Regular shares | 3,311,691 |
All Other Shares & Deposits | 899,650 |
TOTAL SHARES & DEPOSITS | 5,166,984 |
TOTAL LIABILITIES | 5,320,952 |
Regular Reserve | 0 |
Other Reserves | 53,802 |
Undivided Earnings | 754,422 |
TOTAL EQUITY | 808,224 |
TOTAL LIABILITIES, SHARES, & EQUITY | 6,129,176 |
INCOME & EXPENSE | |
Loan Income | 318,530 |
Investment Income | 31,913 |
Other Income | 235,381 |
Total Employee Compensation & Benefits | 258,280 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 255,708 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 95,871 |
Cost of Funds | 30,355 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 16,962 |
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