Dec, 31, 2023 — BAYER HERITAGE FEDERAL CREDIT UNION is a federal credit union headquartered in NEW MARTINSVILLE, WV with 13 branch locations and about $857.12 million in total assets. Opened 67 years ago in 1957, BAYER HERITAGE FEDERAL CREDIT UNION has about 42,879 members and employs 155 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) | 788 N State Route 2 NEW MARTINSVILLE, WV 26155 |
Phone: | (304) 455-4029 |
Fax: | (304) 455-6782 |
Website: | https://bayerhfcu.com |
Branches: | 13 branch locations |
Members: | 42,879 |
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, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $857,119,467 |
CEO/Manager: | Robert Burrow |
Chairperson: | Charles Racer II |
ASSETS: | $ Amount |
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Cash & Equivalents | 131,904,280 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 246,983,993 |
Unsecured Loans | 34,456,740 |
Other Loans | 295,566,834 |
TOTAL LOANS | 596,855,496 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,445,555 |
Land And Building | 42,910,156 |
Other Fixed Assets | 2,883,227 |
NCUSIF Deposit | 6,259,141 |
All Other Assets | 113,400 |
TOTAL ASSETS | 857,119,467 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,241,412 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 73,359,673 |
Regular shares | 268,437,676 |
All Other Shares & Deposits | 448,933,546 |
TOTAL SHARES & DEPOSITS | 790,730,895 |
TOTAL LIABILITIES | 793,972,307 |
Regular Reserve | 0 |
Other Reserves | 6,273,746 |
Undivided Earnings | 56,873,414 |
TOTAL EQUITY | 63,147,160 |
TOTAL LIABILITIES, SHARES, & EQUITY | 857,119,467 |
INCOME & EXPENSE | |
Loan Income | 30,509,450 |
Investment Income | 2,757,273 |
Other Income | 4,742,922 |
Total Employee Compensation & Benefits | 12,204,670 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 11,887,550 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,036,106 |
Cost of Funds | 12,089,177 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 5,418,010 |
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