Dec, 31, 2023 — UNITED HERITAGE CREDIT UNION is a federally insured state chartered credit union headquartered in AUSTIN, TX with 10 branch locations and about $1.53 billion in total assets. Opened 67 years ago in 1957, UNITED HERITAGE CREDIT UNION has about 77,791 members and employs 238 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | UNITED HERITAGE CREDIT UNION |
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Address: (Main Office) | 12515 Research Blvd Bldg 5 AUSTIN, TX 78759-2247 |
Phone: | (512) 435-4545 |
Fax: | |
Website: | https://www.uhcu.org |
Branches: | 10 branch locations |
Members: | 77,791 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68251 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,534,786,974 |
CEO/Manager: | Michael Ver Schuur |
Chairperson: | Val Velasquez |
ASSETS: | $ Amount |
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Cash & Equivalents | 100,440,615 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 707,400 |
Real Estate Loans | 636,102,487 |
Unsecured Loans | 24,649,110 |
Other Loans | 642,013,519 |
TOTAL LOANS | 1,303,388,506 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,119,095 |
Land And Building | 65,180,409 |
Other Fixed Assets | 6,030,842 |
NCUSIF Deposit | 11,584,550 |
All Other Assets | 577,627 |
TOTAL ASSETS | 1,534,786,974 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 42,988 |
Notes & Interest Payable | 99,000,000 |
Accounts Payable & Other Liabilities | 13,884,228 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 112,608,518 |
Regular shares | 743,817,013 |
All Other Shares & Deposits | 427,595,948 |
TOTAL SHARES & DEPOSITS | 1,284,021,478 |
TOTAL LIABILITIES | 1,396,948,694 |
Regular Reserve | 0 |
Other Reserves | -8,666,481 |
Undivided Earnings | 146,504,761 |
TOTAL EQUITY | 137,838,280 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,534,786,974 |
INCOME & EXPENSE | |
Loan Income | 57,531,783 |
Investment Income | 5,889,073 |
Other Income | 13,763,694 |
Total Employee Compensation & Benefits | 26,944,627 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 22,341,952 |
Non-operating Income & (Expense) | 36,000 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,739,522 |
Cost of Funds | 20,233,414 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 8,441,194 |
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