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 |
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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 |
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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 |
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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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