Dec, 31, 2020 — BAYER HERITAGE FEDERAL CREDIT UNION is a federal credit union headquartered in Proctor, WV with 12 branch locations and about $576.63 million in total assets. Opened 64 years ago in 1957, BAYER HERITAGE FEDERAL CREDIT UNION has about 35,399 members and employs 160 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 |
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Address: (Main Office) | 17612 Energy Rd Proctor, WV 26055 |
Phone: | (304) 455-4029 |
Fax: | (304) 455-6782 |
Website: | http://bayerhfcu.com |
Branches: | 12 branch locations |
Members: | 35,399 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11836 |
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Membership Type: | Multiple common bond - Primarily chemical |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Mar 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $576,632,455 |
CEO/Manager: | Robert Burrow |
Chairperson: | Charles Racer II |
ASSETS: | $ Amount |
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Cash & Equivalents | 45,699,405 |
TOTAL INVESTMENTS | 51,311,385 |
Loans Held for Sale | 0 |
Real Estate Loans | 199,827,498 |
Unsecured Loans | 20,148,339 |
Other Loans | 213,960,545 |
TOTAL LOANS | 450,415,490 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,550,837 |
Land And Building | 22,728,433 |
Other Fixed Assets | 1,206,806 |
NCUSIF Deposit | 4,853,344 |
All Other Assets | 2,968,429 |
TOTAL ASSETS | 576,632,455 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,365,026 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 57,601,142 |
Regular shares | 243,323,551 |
All Other Shares & Deposits | 219,415,270 |
TOTAL SHARES & DEPOSITS | 520,339,963 |
TOTAL LIABILITIES | 522,704,989 |
Regular Reserve | 8,715,076 |
Other Reserves | 2,969,832 |
Undivided Earnings | 42,242,558 |
TOTAL EQUITY | 53,927,466 |
TOTAL LIABILITIES, SHARES, & EQUITY | 576,632,455 |
INCOME & EXPENSE | |
Loan Income | 19,739,131 |
Investment Income | 1,065,809 |
Other Income | 6,999,108 |
Total Employee Compensation & Benefits | 9,795,666 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 8,026,551 |
Non-operating Income & (Expense) | -60,217 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,763,626 |
Cost of Funds | 5,665,496 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,492,492 |
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