Dec, 31, 2023 — HERITAGE COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in SACRAMENTO, CA with 4 branch locations and about $272.97 million in total assets. Opened 71 years ago in 1953, HERITAGE COMMUNITY CREDIT UNION has about 11,157 members and employs 45 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | HERITAGE COMMUNITY CREDIT UNION |
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Address: (Main Office) | 10415 Old Placerville Rd SACRAMENTO, CA 95827-2508 |
Phone: | (916) 364-1700 |
Fax: | (916) 364-3791 |
Website: | https://www.heritageccu.com |
Branches: | 4 branch locations |
Members: | 11,157 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68395 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $272,972,081 |
CEO/Manager: | Ed Turk |
Chairperson: | Bobbi Beehler |
ASSETS: | $ Amount |
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Cash & Equivalents | 13,858,450 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 121,502,100 |
Unsecured Loans | 2,774,252 |
Other Loans | 101,711,317 |
TOTAL LOANS | 226,757,283 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,989,151 |
Land And Building | 1,189,546 |
Other Fixed Assets | 658,718 |
NCUSIF Deposit | 2,286,674 |
All Other Assets | 173,235 |
TOTAL ASSETS | 272,972,081 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 82,577 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,919,886 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 2,000,000 |
Share Drafts | 60,681,830 |
Regular shares | 76,850,340 |
All Other Shares & Deposits | 107,561,216 |
TOTAL SHARES & DEPOSITS | 245,093,386 |
TOTAL LIABILITIES | 250,095,849 |
Regular Reserve | 0 |
Other Reserves | -29,590 |
Undivided Earnings | 22,905,822 |
TOTAL EQUITY | 22,876,232 |
TOTAL LIABILITIES, SHARES, & EQUITY | 272,972,081 |
INCOME & EXPENSE | |
Loan Income | 8,959,960 |
Investment Income | 1,018,279 |
Other Income | 1,027,406 |
Total Employee Compensation & Benefits | 4,096,661 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,702,516 |
Non-operating Income & (Expense) | 130,263 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 942,250 |
Cost of Funds | 2,490,876 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 861,391 |
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