Mar, 31, 2022 — RICHMOND HERITAGE FEDERAL CREDIT UNION is a federal credit union headquartered in RICHMOND, VA with 1 branch location and about $12.08 million in total assets. Opened 86 years ago in 1936, RICHMOND HERITAGE FEDERAL CREDIT UNION has about 1,923 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RICHMOND HERITAGE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 50 W Commerce Rd RICHMOND, VA 23224-2316 |
| Phone: | (804) 233-8872 |
| Fax: | (804) 233-8869 |
| Website: | http://www.richheritage.org |
| Branches: | 1 branch locations |
| Members: | 1,923 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1282 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $12,079,478 |
| CEO/Manager: | Randy N Cooper |
| Chairperson: | Lamarr Johnson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,659,394 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 10,787 |
| Unsecured Loans | 1,272,430 |
| Other Loans | 1,896,082 |
| TOTAL LOANS | 3,179,299 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -92,108 |
| Land And Building | 0 |
| Other Fixed Assets | 6,639 |
| NCUSIF Deposit | 70,992 |
| All Other Assets | 7,175 |
| TOTAL ASSETS | 12,079,478 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 231 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 3,500,000 |
| Share Drafts | 913,544 |
| Regular shares | 6,679,916 |
| All Other Shares & Deposits | 10 |
| TOTAL SHARES & DEPOSITS | 7,593,470 |
| TOTAL LIABILITIES | 11,093,701 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 985,777 |
| TOTAL EQUITY | 985,777 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 12,079,478 |
| INCOME & EXPENSE | |
| Loan Income | 74,764 |
| Investment Income | 2,569 |
| Other Income | 37,477 |
| Total Employee Compensation & Benefits | 70,802 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 75,785 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -24,449 |
| Cost of Funds | 7,644 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -14,972 |
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