HealthCare First Credit Union
- Assets
- $103.3m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 29
- Location
- Johnstown, PA
- Founding
- Data as of
- 12/2022
- EIN
- 25-1359287
Organization Overview
HealthCare First Credit Union is located in Johnstown, PA. As of 12/2022, HealthCare First Credit Union employed 29 individuals. HealthCare First Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2022, HealthCare First Credit Union generated $2.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 0.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
AS A CREDIT UNION WE HOLD MEMBER DEPOSITS (SAVINGS) AND THEN LOAN MONEY BACK TO THE MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LOW COST LOANS TO MEMBERS
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Kaiser Director | Trustee | 1 | $0 |
John Kaiser Director | Trustee | 1 | $0 |
P Kevin Hockenberry Director | Trustee | 1 | $0 |
Martin Burket Chairperson | Trustee | 1 | $0 |
Ken Zimmerman Director | Trustee | 1 | $0 |
Arturo Martynuska Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,135,937 |
| Investment income | $745,354 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,861,931 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $840,082 |
| Pension plan accruals and contributions | $34,343 |
| Other employee benefits | $98,315 |
| Payroll taxes | -$330,692 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,786 |
| Advertising and promotion | $12,597 |
| Office expenses | $184,664 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $113,927 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $628 |
| Interest | $109,301 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $126,180 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,031,998 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,635,312 |
| Savings and temporary cash investments | $3,799,890 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $33,130,390 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,199,316 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $57,076,337 |
| Intangible assets | $0 |
| Other assets | $429,197 |
| Total assets | $103,270,442 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,176,163 |
| Total liabilities | $1,176,163 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $91,193,949 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $10,900,330 |
| Total liabilities and net assets/fund balances | $103,270,442 |