Dec, 31, 2023 — HERITAGE FEDERAL CREDIT UNION is a federal credit union headquartered in NEWBURGH, IN with 16 branch locations and about $942.60 million in total assets. Opened 59 years ago in 1965, HERITAGE FEDERAL CREDIT UNION has about 66,082 members and employs 223 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 FEDERAL CREDIT UNION |
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Address: (Main Office) | 8266 Bell Oaks Dr NEWBURGH, IN 47630 |
Phone: | (812) 853-8808 |
Fax: | (812) 858-6535 |
Website: | https://www.heritagefederal.org |
Branches: | 16 branch locations |
Members: | 66,082 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 16626 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1965 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $942,595,806 |
CEO/Manager: | Tony Aylsworth |
Chairperson: | Timothy O'Brien |
ASSETS: | $ Amount |
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Cash & Equivalents | 54,108,951 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 1,301,130 |
Real Estate Loans | 378,281,205 |
Unsecured Loans | 33,300,298 |
Other Loans | 273,649,015 |
TOTAL LOANS | 685,537,413 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,465,789 |
Land And Building | 20,680,116 |
Other Fixed Assets | 4,838,582 |
NCUSIF Deposit | 7,387,110 |
All Other Assets | 373,248 |
TOTAL ASSETS | 942,595,806 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 347,129 |
Notes & Interest Payable | 60,000,000 |
Accounts Payable & Other Liabilities | 16,241,745 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 15,000,000 |
Share Drafts | 236,371,773 |
Regular shares | 253,534,496 |
All Other Shares & Deposits | 294,064,399 |
TOTAL SHARES & DEPOSITS | 783,970,668 |
TOTAL LIABILITIES | 875,752,898 |
Regular Reserve | 0 |
Other Reserves | -24,170,247 |
Undivided Earnings | 91,013,155 |
TOTAL EQUITY | 66,842,908 |
TOTAL LIABILITIES, SHARES, & EQUITY | 942,595,806 |
INCOME & EXPENSE | |
Loan Income | 33,781,142 |
Investment Income | 4,543,878 |
Other Income | 5,756,675 |
Total Employee Compensation & Benefits | 19,320,898 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 17,712,647 |
Non-operating Income & (Expense) | 127,157 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,373,324 |
Cost of Funds | 11,224,330 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 4,822,674 |
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