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 |
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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 |
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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: | Dec 01, 2019 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $20,400,077 |
CEO/Manager: | Devra Leonard |
Chairperson: | RONALD HEEG |
ASSETS: | $ Amount |
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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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