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HERITAGE USA FEDERAL CREDIT UNION

Dec, 31, 2023 — HERITAGE USA FEDERAL CREDIT UNION is a federal credit union headquartered in MIDLAND, TX with 2 branch locations and about $86.10 million in total assets. Opened 75 years ago in 1949, HERITAGE USA FEDERAL CREDIT UNION has about 6,262 members and employs 26 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 316386492
Name:HERITAGE USA FEDERAL CREDIT UNION
Address:
(Main Office)
5507 W Wadley Ave
MIDLAND, TX 79707
Phone:(432) 681-1050
Fax:(432) 681-1057
Website:https://www.heritage-usa.net
Branches:2 branch locations
Members:6,262
Credit Union Type:Federal Credit Union
Charter Number:6434
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1949
Last Audited:Nov 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$86,097,089
CEO/Manager:Augustine S Rodriguez
Chairperson:Dirk Parks

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 10,418,180
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 917,367
 Unsecured Loans 5,255,263
 Other Loans 64,170,609
 TOTAL LOANS 70,343,239
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -794,900
 Land And Building 1,154,137
 Other Fixed Assets 236,098
 NCUSIF Deposit 628,961
 All Other Assets 0
  TOTAL ASSETS 86,097,089
LIABILITIES & CAPITAL:  
 Dividends Payable 100,995
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,012,280
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 22,513,841
 Regular shares 25,489,547
 All Other Shares & Deposits 27,030,323
  TOTAL SHARES & DEPOSITS 75,033,711
  TOTAL LIABILITIES 76,146,986
 Regular Reserve 0
 Other Reserves 2,339,735
 Undivided Earnings 7,610,368
  TOTAL EQUITY 9,950,103
  TOTAL LIABILITIES, SHARES, & EQUITY 86,097,089
INCOME & EXPENSE  
 Loan Income 4,214,644
 Investment Income 315,653
 Other Income 1,038,311
 Total Employee Compensation & Benefits 1,713,378
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,996,307
 Non-operating Income & (Expense) -62,132
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 399,358
 Cost of Funds 462,763
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,751,110
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