Dec, 31, 2020 — GRAND HERITAGE FEDERAL CREDIT UNION is a federal credit union headquartered in LAPORTE, IN with 3 branch locations and about $20.40 million in total assets. Opened 66 years ago in 1955, GRAND HERITAGE FEDERAL CREDIT UNION has about 2,245 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: | 2,245 |
| 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, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $20,400,077 |
| CEO/Manager: | Devra Leonard |
| Chairperson: | RONALD HEEG |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,674,872 |
| TOTAL INVESTMENTS | 4,593,332 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,116,404 |
| Unsecured Loans | 827,779 |
| Other Loans | 8,561,567 |
| TOTAL LOANS | 11,505,750 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -16,902 |
| Land And Building | 264,082 |
| Other Fixed Assets | 28,122 |
| NCUSIF Deposit | 161,390 |
| All Other Assets | 189,431 |
| TOTAL ASSETS | 20,400,077 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 82,068 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,688,408 |
| Regular shares | 12,087,907 |
| All Other Shares & Deposits | 3,182,199 |
| TOTAL SHARES & DEPOSITS | 18,958,514 |
| TOTAL LIABILITIES | 19,040,582 |
| Regular Reserve | 400,000 |
| Other Reserves | 0 |
| Undivided Earnings | 959,495 |
| TOTAL EQUITY | 1,359,495 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 20,400,077 |
| INCOME & EXPENSE | |
| Loan Income | 442,988 |
| Investment Income | 165,976 |
| Other Income | 223,870 |
| Total Employee Compensation & Benefits | 273,487 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 473,008 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,237 |
| Cost of Funds | 9,269 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 71,833 |
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