Dec, 31, 2023 — RICHMOND HERITAGE FEDERAL CREDIT UNION is a federal credit union headquartered in RICHMOND, VA with 1 branch location and about $10.97 million in total assets. Opened 88 years ago in 1936, RICHMOND HERITAGE FEDERAL CREDIT UNION has about 1,750 members and employs 5 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: | https://www.richheritage.org |
Branches: | 1 branch locations |
Members: | 1,750 |
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: | Jun 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $10,965,389 |
CEO/Manager: | Carl Brown |
Chairperson: | Darrell Tyler |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,621,734 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,554,698 |
Other Loans | 2,255,659 |
TOTAL LOANS | 3,810,357 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -109,395 |
Land And Building | 0 |
Other Fixed Assets | 114,401 |
NCUSIF Deposit | 79,022 |
All Other Assets | 7,175 |
TOTAL ASSETS | 10,965,389 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | -3,500,000 |
Accounts Payable & Other Liabilities | 5,015 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 3,500,000 |
Share Drafts | 782,773 |
Regular shares | 5,808,047 |
All Other Shares & Deposits | 3,525,112 |
TOTAL SHARES & DEPOSITS | 10,115,932 |
TOTAL LIABILITIES | 10,120,947 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 844,442 |
TOTAL EQUITY | 844,442 |
TOTAL LIABILITIES, SHARES, & EQUITY | 10,965,389 |
INCOME & EXPENSE | |
Loan Income | 348,108 |
Investment Income | 293,785 |
Other Income | 113,105 |
Total Employee Compensation & Benefits | 362,661 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 367,005 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,536 |
Cost of Funds | 31,080 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 54,327 |
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