Dec, 31, 2023 — THE HEART CENTER FEDERAL CREDIT UNION is a federal credit union headquartered in ROSLYN, NY with 1 branch location and about $20.91 million in total assets. Opened 48 years ago in 1976, THE HEART CENTER FEDERAL CREDIT UNION has about 2,471 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | THE HEART CENTER FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 100 Port Washington Blvd ROSLYN, NY 11576 |
| Phone: | (516) 562-6650 |
| Fax: | (516) 562-6658 |
| Website: | https://theheartcentercu.com |
| Branches: | 1 branch locations |
| Members: | 2,471 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22456 |
|---|---|
| Membership Type: | Service - Health Care |
| Corporate Credit Union: | No |
| Year Opened: | 1976 |
| Last Audited: | Apr 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $20,907,288 |
| CEO/Manager: | Maureen Duff |
| Chairperson: | Wendy Bezko-Colligan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,432,496 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,378,121 |
| Unsecured Loans | 2,346,009 |
| Other Loans | 6,510,715 |
| TOTAL LOANS | 11,234,845 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -54,000 |
| Land And Building | 0 |
| Other Fixed Assets | 6,491 |
| NCUSIF Deposit | 196,699 |
| All Other Assets | 0 |
| TOTAL ASSETS | 20,907,288 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 31,342 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,323 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,110,013 |
| Regular shares | 10,249,064 |
| All Other Shares & Deposits | 6,711,009 |
| TOTAL SHARES & DEPOSITS | 18,070,086 |
| TOTAL LIABILITIES | 18,102,751 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,804,537 |
| TOTAL EQUITY | 2,804,537 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 20,907,288 |
| INCOME & EXPENSE | |
| Loan Income | 507,764 |
| Investment Income | 231,825 |
| Other Income | 72,588 |
| Total Employee Compensation & Benefits | 331,676 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 211,991 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 11,921 |
| Cost of Funds | 107,188 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 159,279 |
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