HEMA FEDERAL CREDIT UNION - Silver Spring, MD

Welcome to Hema Federal Credit Union, where your financial well-being is our top priority. Established in 1969, we have proudly served our community for over five decades, providing personalized banking solutions that truly meet the needs of our members. Located at 8701 Georgia Ave Ste 407, Silver Spring, MD 20910, our branch is a hub for friendly service and reliable financial products. At Hema, we understand that each member has unique financial goals. With a dedicated membership of 1,886 and total assets reaching an impressive $17,730,739, we are committed to helping you achieve your dreams whether it's securing an auto loan, saving for a home, or managing your personal finances. Our total deposits stand at $2,008,593, reflecting the trust our members place in us. Our leadership team is here to guide you every step of the way. Led by CEO Thomas Mather and Board President Andrea Edmonds, we strive to create a welcoming environment where you can feel confident in your financial decisions. Whether you're looking for personal banking services like checking and savings accounts or need assistance with business loans and merchant services, our experienced staff is ready to assist you. While members can visit us at our branch location, official correspondence should be sent to 8701 Georgia Ave Ste 407, Silver Spring, MD 20910-3713. If you have any questions or need assistance, don't hesitate to reach out at 301-588-1861 during our lobby hours from 10 am to 4 pm on weekdays. Join us at Hema Federal Credit Union today and discover how we can support your journey toward financial success! Visit our website at hemafcu.org to learn more about our services and see how we can serve you better.

Welcome to Hema, where our journey began in 1969 in the vibrant community of Silver Spring, MD. Over the years, Hema Federal Credit Union has grown from a small financial cooperative into a trusted institution with nearly 1,900 members and total assets exceeding $17 million. Our branch is conveniently located at 8701 Georgia Ave Ste 407, Silver Spring, MD 20910, where we proudly serve our members and contribute to the community. Hema was founded on the principle of putting people first. Our mission is simple yet impactful: to provide exceptional financial services while fostering a spirit of cooperation and community support. We understand that every member has unique financial needs and goals. That's why we offer a range of services from personal banking solutions like checking and savings accounts to loans for vehicles and mortgages. While our physical location remains at 8701 Georgia Ave Ste 407, official correspondence can be sent to our mailing address: 8701 Georgia Ave Ste 407, Silver Spring, MD 20910-3713. We encourage you to visit us during our operating hours from 10 am to 4 pm, Monday through Friday. Although we currently do not have ATM availability or drive-thru banking options, our dedicated staff is always ready to assist you inside the branch. At Hema, we pride ourselves on being more than just a financial institution; we are an integral part of the Silver Spring community. Our outreach efforts include partnerships with local organizations to provide financial education and support to those in need. We believe that by investing in our community, we strengthen not only our membership but also the fabric of Silver Spring itself. As we move forward, we are committed to embracing digital advancements that enhance member experiences while ensuring accessibility for all. While we may not yet offer online banking or mobile payment options, we are actively working towards implementing these features in the future. Join us at Hema Federal Credit Union and experience firsthand how we blend financial expertise with a heartfelt commitment to service. Together, let's build a brighter financial future for you and your family. For any inquiries or assistance, feel free to reach out at (301) 588-1861. We look forward to welcoming you into our Hema family!

Becoming a member of Hema is like joining a family that truly cares about your financial well-being. If you live, work, or worship in our local community, you're already on the right track! We welcome individuals who share our values and are committed to building a brighter financial future together. At Hema, we believe in providing personalized service that makes banking easy and accessible for everyone. To learn more about the specific eligibility criteria, feel free to check out this resource: . Opening an account with us is straightforward and welcoming. Whether you're interested in checking accounts, auto loans, or other services, we're here to help you every step of the way. You can reach us at (301) 588-1861 if you have any questions or need assistance with the account opening process. Join us at Hema, located at 8701 Georgia Ave Ste 407 Silver Spring Md 20910, and discover how being part of our community can enhance your financial journey!

At Hema, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We are proud of our strong financial foundation, which enables us to serve you effectively and consistently. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. With a net worth of $1,649,675, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 930 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through our dedicated financial practices. While we currently hold $0 in share certificates and $0 in money market shares, we focus on offering stable growth opportunities that align with our members' needs. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. Our strong operational strategy is reflected in our $1,592,567 in undivided earnings. This means we can reinvest in innovative banking tools and stronger lending options to serve you better. Additionally, with $6,964,387 in total loans and leases, including 92 used auto loans, we support our members' financial goals across various sectors. While this year has seen a net income of $0, it reflects our commitment to maintaining operational efficiency while still focusing on your needs as a member. We also take pride in having 2 full-time employees ready to assist you with a knowledgeable and committed team. Total Share Accounts stand at 2,286, showcasing a strong and growing member base that trusts us with their finances. Our net shares remain at $0, but this does not diminish our commitment to providing personalized service tailored to each member's unique situation. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Hema is your trusted partner. Visit us at 8701 Georgia Ave Ste 407 Silver Spring Md 20910 or call 301-588-1861 to learn more about how we can help you achieve your financial goals.