Introduction to HFMCU

First established in 1961, HFMCU is a credit union based in the state of Wisconsin. It is the 93th largest credit union operating in the state of Wisconsin as measured by total assets. The credit union falls under the category: state charter. Credit unions are regulated by the National Credit Union Administration (NCUA), which is an independent agency that was created by the U.S. government in 1970. The NCUA also insures customer deposits at credit unions in the country. The company has a total of 2 branches and employs a total of 6 employees.

Details on the Credit Union’s Balance Sheet

The credit union has total assets of $19 million. It has a deposit base of $17 million which works out to $10,008 of deposits per member compared with the state-wide average of $13,864 and national average of $13,594. Hfmcu also has net loans outstanding of $10 million. In addition, the credit union has a loan to deposit ratio of 60%, which is higher than its peer group average of 48%. Generally speaking, a lower loan to deposit ratio is better as it implies that the credit union is funding more of its lending activities with deposits. Moving on to the credit union’s loan portfolio, it mainly consists of the following: mortgages and lines of credit make up 55% of the portfolio and there is a total of $6 million outstanding and auto loans comprises 30% of the loan book and there is a total of $3 million outstanding.

Contact and Other Helpful Information

  • Main Office Address: Po Box 37, Manitowoc, WI 54221-0037
  • Website:
  • Phone: (920) 320-2209
  • Charter Number: 66476
  • Charter Year: 1961
  • Employees: 6
  • Routing Number: 275979212
  • Membership: Credit unions in the state of Wisconsin have an average membership base of 30,757 compared with Hfmcu which has total members of 1,700. Over the past three years, the credit union’s total base of members has declined by 9%.

HFMCU: Financial Overview


The above chart summarizes the trends in key balance sheet items for Hfmcu. First off, it is noteworthy that across the board, all four items have increased over the past year. The credit union’s assets have expanded by 10.6% while its total loans have increased by 25.5%. In addition, the company’s mortgages and lines of credit have expanded by 69.5% while its deposits have expanded by 11.7%. We like to look at a credit union’s net worth to get a sense of the performance of the entity over the years for its members. Hfmcu has a total net worth of $2 million while the average credit union in the United States has a net worth of $41 million. This implies that the credit union has a net worth per member of $1,030 which is below the national average of $1,606.

Overview of the Credit Union’s Performance Metrics


The chart above compares Hfmcu’s performance on three metrics to credit unions in its peer group and also shows the credit union’s performance on each metric in the prior year. These are some of the important measures for a credit union’s performance that we look at. Beginning with Hfmcu’s return on assets (aka ROA), on this statistic the credit union performs below the average comparable credit union. When we look at the year over year trends, we can see that ROA has declined given the 0.15% change. A credit union’s ROA is a good way of assessing how well the entity is using its assets to generate returns. The delinquency rate is a measure of what percentage of an entity’s loan book has fallen past due i.e. is delinquent. All else equal, a higher rate implies a worse performing loan portfolio. In the case of Hfmcu its delinquency rate is below its peers and over the past 12 months the credit union’s delinquency rate has improved substantially. Finally, the net worth ratio for the credit union is 9.3% which is below its peer group average of 13.0%. This metric has declined on a year over year basis and stood at 10.2% a year ago. Based on the NCUA guidelines, the credit union is considered to be well capitalized.


Our final rating for HFMCU, after assessing the credit union on what we consider to be the important metrics, is 2.7 out of 5.0, which is above average. Importantly, please be aware that none of the information presented is meant to be investment advice or advice of any form. All of the information and views expressed in this note and on this site are purely for informational purposes.

Other Credit Unions in Wisconsin

Credit Union Name Website Total Members
Connexus Credit Union 389,326
Landmark Credit Union 364,792
University of Wisconsin 310,221
Royal Credit Union 251,235
Summit Credit Union 223,603
Simplicity Credit Union 27,035
Oakdale Credit Union 11,137
Southern Lakes Credit Union 9,884
Taylor Credit Union 7,853
Tomah Area Credit Union 6,950
Brokaw Credit Union 5,919
Bay Shore Credit Union 3,516