Mar, 31, 2021 — GRAND HERITAGE FEDERAL CREDIT UNION is a federal credit union headquartered in LAPORTE, IN with 3 branch locations and about $22.43 million in total assets. Opened 66 years ago in 1955, GRAND HERITAGE FEDERAL CREDIT UNION has about 2,282 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 |
|---|---|
| Address: (Main Office) | 201 KOOMLER DR LAPORTE, IN 46350-2576 |
| Phone: | (219) 324-5220 |
| Fax: | (219) 324-5814 |
| Website: | http://ghfcu.com |
| Branches: | 3 branch locations |
| Members: | 2,282 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10666 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $22,429,545 |
| CEO/Manager: | Devra Leonard |
| Chairperson: | RONALD HEEG |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,488,230 |
| TOTAL INVESTMENTS | 5,191,332 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,127,405 |
| Unsecured Loans | 854,628 |
| Other Loans | 10,139,084 |
| TOTAL LOANS | 13,121,117 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -19,075 |
| Land And Building | 260,710 |
| Other Fixed Assets | 26,512 |
| NCUSIF Deposit | 161,390 |
| All Other Assets | 199,329 |
| TOTAL ASSETS | 22,429,545 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 61,504 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,972,243 |
| Regular shares | 13,632,786 |
| All Other Shares & Deposits | 3,413,974 |
| TOTAL SHARES & DEPOSITS | 21,019,003 |
| TOTAL LIABILITIES | 21,080,507 |
| Regular Reserve | 400,000 |
| Other Reserves | 0 |
| Undivided Earnings | 949,038 |
| TOTAL EQUITY | 1,349,038 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 22,429,545 |
| INCOME & EXPENSE | |
| Loan Income | 127,621 |
| Investment Income | 17,606 |
| Other Income | 24,529 |
| Total Employee Compensation & Benefits | 78,293 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 126,936 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,029 |
| Cost of Funds | 2,556 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -10,456 |
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