Sep, 30, 2025 — BAYER HERITAGE FEDERAL CREDIT UNION is a federal credit union headquartered in NEW MARTINSVILLE, WV with 11 branch locations and about $781.37 million in total assets. Opened 69 years ago in 1957, BAYER HERITAGE FEDERAL CREDIT UNION has about 44,213 members and employs 156 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BAYER HERITAGE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 788 N State Route 2 NEW MARTINSVILLE, WV 26155 |
| Phone: | (304) 455-4029 |
| Fax: | (304) 455-6782 |
| Website: | https://www.bayerhfcu.com |
| Branches: | 11 branch locations |
| Members: | 44,213 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11836 |
|---|---|
| Membership Type: | Multiple common bond - Primarily chemical |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $781,365,383 |
| CEO/Manager: | Robert Burrow |
| Chairperson: | Charles Racer II |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 38,128,927 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 298,645,325 |
| Unsecured Loans | 34,153,097 |
| Other Loans | 281,096,763 |
| TOTAL LOANS | 613,895,184 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,814,513 |
| Land And Building | 38,833,087 |
| Other Fixed Assets | 699,987 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 6,570,383 |
| All Other Assets | 0 |
| TOTAL ASSETS | 781,365,383 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,751,568 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 73,968,751 |
| Regular shares | 278,580,695 |
| All Other Shares & Deposits | 351,043,226 |
| TOTAL SHARES & DEPOSITS | 703,592,672 |
| TOTAL LIABILITIES | 709,344,240 |
| Regular Reserve | 0 |
| Other Reserves | 7,881,815 |
| Undivided Earnings | 64,139,328 |
| TOTAL EQUITY | 72,021,143 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 781,365,383 |
| INCOME & EXPENSE | |
| Loan Income | 29,619,349 |
| Investment Income | 2,831,299 |
| Other Income | 3,549,303 |
| Total Employee Compensation & Benefits | 10,275,815 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 10,492,190 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,056,330 |
| Cost of Funds | 10,304,068 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,947,566 |
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