Dec, 31, 2020 — RICHMOND HERITAGE FEDERAL CREDIT UNION is a federal credit union headquartered in Richmond, VA with 1 branch location and about $7.44 million in total assets. Opened 85 years ago in 1936, RICHMOND HERITAGE FEDERAL CREDIT UNION has about 2,131 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: | 2,131 |
| 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: | Dec 01, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,444,154 |
| CEO/Manager: | Randy N Cooper |
| Chairperson: | Antione Green |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,163,656 |
| TOTAL INVESTMENTS | 1,040,989 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 20,794 |
| Unsecured Loans | 1,453,432 |
| Other Loans | 2,571,884 |
| TOTAL LOANS | 4,046,110 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -141,145 |
| Land And Building | 233,249 |
| Other Fixed Assets | 9,719 |
| NCUSIF Deposit | 65,764 |
| All Other Assets | 25,812 |
| TOTAL ASSETS | 7,444,154 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -1,933 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 778,219 |
| Regular shares | 6,362,894 |
| All Other Shares & Deposits | 42,729 |
| TOTAL SHARES & DEPOSITS | 7,183,842 |
| TOTAL LIABILITIES | 7,181,909 |
| Regular Reserve | 42,487 |
| Other Reserves | 0 |
| Undivided Earnings | 219,758 |
| TOTAL EQUITY | 262,245 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,444,154 |
| INCOME & EXPENSE | |
| Loan Income | 400,850 |
| Investment Income | 11,251 |
| Other Income | 176,141 |
| Total Employee Compensation & Benefits | 220,327 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 313,597 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 181,065 |
| Cost of Funds | 837 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -127,584 |
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