Dec, 31, 2022 — RICHMOND HERITAGE FEDERAL CREDIT UNION is a federal credit union headquartered in RICHMOND, VA with 1 branch location and about $12.56 million in total assets. Opened 87 years ago in 1936, RICHMOND HERITAGE FEDERAL CREDIT UNION has about 1,979 members and employs 8 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: | 1,979 |
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: | $12,556,367 |
CEO/Manager: | Randy N Cooper |
Chairperson: | Lamarr Johnson |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,627,532 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 9,517 |
Unsecured Loans | 1,471,713 |
Other Loans | 2,087,274 |
TOTAL LOANS | 3,568,504 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -68,033 |
Land And Building | 0 |
Other Fixed Assets | 41,153 |
NCUSIF Deposit | 72,094 |
All Other Assets | 7,175 |
TOTAL ASSETS | 12,556,367 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 6,218 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 3,500,000 |
Share Drafts | 1,137,084 |
Regular shares | 6,939,032 |
All Other Shares & Deposits | 10 |
TOTAL SHARES & DEPOSITS | 8,076,126 |
TOTAL LIABILITIES | 11,582,344 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 974,023 |
TOTAL EQUITY | 974,023 |
TOTAL LIABILITIES, SHARES, & EQUITY | 12,556,367 |
INCOME & EXPENSE | |
Loan Income | 226,966 |
Investment Income | 50,526 |
Other Income | 105,266 |
Total Employee Compensation & Benefits | 234,350 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 249,538 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -34,071 |
Cost of Funds | 23,186 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -26,724 |
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