Dec, 31, 2023 — GRAND HERITAGE FEDERAL CREDIT UNION is a federal credit union headquartered in LAPORTE, IN with 3 branch locations and about $23.85 million in total assets. Opened 69 years ago in 1955, GRAND HERITAGE FEDERAL CREDIT UNION has about 2,262 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GRAND HERITAGE FEDERAL CREDIT UNION |
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Address: (Main Office) | 201 Koomler Dr LAPORTE, IN 46350-2576 |
Phone: | (219) 324-5220 |
Fax: | (219) 324-5814 |
Website: | https://ghfcu.com |
Branches: | 3 branch locations |
Members: | 2,262 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 10666 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $23,853,709 |
CEO/Manager: | JERI HESTERS |
Chairperson: | RONALD HEEG |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,259,079 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,018,340 |
Unsecured Loans | 598,489 |
Other Loans | 14,288,353 |
TOTAL LOANS | 16,905,182 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,674 |
Land And Building | 214,789 |
Other Fixed Assets | 71,817 |
NCUSIF Deposit | 210,265 |
All Other Assets | 0 |
TOTAL ASSETS | 23,853,709 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -45,109 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,881,835 |
Regular shares | 12,464,952 |
All Other Shares & Deposits | 5,693,367 |
TOTAL SHARES & DEPOSITS | 22,040,154 |
TOTAL LIABILITIES | 21,995,045 |
Regular Reserve | 0 |
Other Reserves | 400,000 |
Undivided Earnings | 1,458,664 |
TOTAL EQUITY | 1,858,664 |
TOTAL LIABILITIES, SHARES, & EQUITY | 23,853,709 |
INCOME & EXPENSE | |
Loan Income | 725,752 |
Investment Income | 101,480 |
Other Income | 241,062 |
Total Employee Compensation & Benefits | 270,591 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 569,900 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 83,589 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 172,600 |
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» See also Statement of Financial Condition