Sep, 30, 2025 — MOUNTAIN HERITAGE FEDERAL CREDIT UNION is a federal credit union headquartered in PARKERSBURG, WV with 4 branch locations and about $45.84 million in total assets. Opened 68 years ago in 1958, MOUNTAIN HERITAGE FEDERAL CREDIT UNION has about 8,784 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MOUNTAIN HERITAGE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1822 7th St PARKERSBURG, WV 26101 |
| Phone: | (304) 424-7256 |
| Fax: | (304) 428-2127 |
| Website: | https://www.mhfcu.net |
| Branches: | 4 branch locations |
| Members: | 8,784 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12470 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $45,835,035 |
| CEO/Manager: | Douglas D Hershman |
| Chairperson: | Brian S Clay |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,586,900 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,114,962 |
| Unsecured Loans | 4,707,882 |
| Other Loans | 24,770,063 |
| TOTAL LOANS | 31,592,908 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -445,066 |
| Land And Building | 180,777 |
| Other Fixed Assets | 25,463 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 382,273 |
| All Other Assets | 62,207 |
| TOTAL ASSETS | 45,835,035 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 55 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 132,948 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,795,146 |
| Regular shares | 16,683,590 |
| All Other Shares & Deposits | 13,564,596 |
| TOTAL SHARES & DEPOSITS | 39,043,332 |
| TOTAL LIABILITIES | 39,176,335 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 6,658,700 |
| TOTAL EQUITY | 6,658,700 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 45,835,035 |
| INCOME & EXPENSE | |
| Loan Income | 1,890,834 |
| Investment Income | 299,463 |
| Other Income | 161,844 |
| Total Employee Compensation & Benefits | 620,900 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 887,529 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 250,000 |
| Cost of Funds | 273,624 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 462,860 |
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