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RICHMOND HERITAGE FEDERAL CREDIT UNION

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.


ABA Routing Number: 251082479
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:https://www.richheritage.org
Branches:1 branch locations
Members:1,750
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:$10,965,389
CEO/Manager:Carl Brown
Chairperson:Darrell Tyler

Call Report

  • Payday Alternative Loans (PAL Loans)

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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