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BAYER HERITAGE FEDERAL CREDIT UNION

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.


ABA Routing Number: 243475829
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://bayerhfcu.com
Branches:13 branch locations
Members:42,879
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, 2023
FHLB Member:No
Low Income Designation:No
Assets:$857,119,467
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 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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