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BAYER HERITAGE FEDERAL CREDIT UNION

Dec, 31, 2021 — BAYER HERITAGE FEDERAL CREDIT UNION is a federal credit union headquartered in PROCTOR, WV with 13 branch locations and about $655.16 million in total assets. Opened 65 years ago in 1957, BAYER HERITAGE FEDERAL CREDIT UNION has about 37,732 members and employs 158 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 243475829
Name:BAYER HERITAGE FEDERAL CREDIT UNION
Address:
(Main Office)
17612 Energy Rd
PROCTOR, WV 26055
Phone:(304) 455-4029
Fax:(304) 455-6782
Website:http://bayerhfcu.com
Branches:13 branch locations
Members:37,732
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$655,161,856
CEO/Manager:Robert Burrow
Chairperson:Charles Racer II

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 44,410,117
TOTAL INVESTMENTS 85,072,196
Loans Held for Sale 0
 
 Real Estate Loans 216,848,579
 Unsecured Loans 23,014,189
 Other Loans 233,651,400
 TOTAL LOANS 488,193,291
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,918,102
 Land And Building 29,153,648
 Other Fixed Assets 1,185,774
 NCUSIF Deposit 5,399,733
 All Other Assets 4,665,199
  TOTAL ASSETS 655,161,856
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,167,219
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 69,074,296
 Regular shares 306,008,493
 All Other Shares & Deposits 219,655,042
  TOTAL SHARES & DEPOSITS 594,737,831
  TOTAL LIABILITIES 597,905,050
 Regular Reserve 8,745,446
 Other Reserves 2,042,368
 Undivided Earnings 46,468,992
  TOTAL EQUITY 57,256,806
  TOTAL LIABILITIES, SHARES, & EQUITY 655,161,856
INCOME & EXPENSE  
 Loan Income 20,999,645
 Investment Income 889,391
 Other Income 3,852,281
 Total Employee Compensation & Benefits 10,940,026
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 9,839,802
 Non-operating Income & (Expense) 303,637
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 781,163
 Cost of Funds 4,887,909
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 4,266,248
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