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.
| 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 |
| 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 |
| ↑ Back to Top | |