Mar, 31, 2021 — RICHMOND HERITAGE FEDERAL CREDIT UNION is a federal credit union headquartered in Richmond, VA with 1 branch location and about $11.71 million in total assets. Opened 85 years ago in 1936, RICHMOND HERITAGE FEDERAL CREDIT UNION has about 2,188 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: | 2,188 |
| 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: | $11,712,275 |
| CEO/Manager: | Randy N Cooper |
| Chairperson: | Antione Green |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,591,327 |
| TOTAL INVESTMENTS | 240,989 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 17,328 |
| Unsecured Loans | 1,357,122 |
| Other Loans | 2,500,350 |
| TOTAL LOANS | 3,874,800 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -107,329 |
| Land And Building | 0 |
| Other Fixed Assets | 9,103 |
| NCUSIF Deposit | 65,764 |
| All Other Assets | 37,621 |
| TOTAL ASSETS | 11,712,275 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,887 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,017,688 |
| Regular shares | 9,635,301 |
| All Other Shares & Deposits | 4,233 |
| TOTAL SHARES & DEPOSITS | 10,657,222 |
| TOTAL LIABILITIES | 10,664,109 |
| Regular Reserve | 42,487 |
| Other Reserves | 0 |
| Undivided Earnings | 1,005,679 |
| TOTAL EQUITY | 1,048,166 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 11,712,275 |
| INCOME & EXPENSE | |
| Loan Income | 92,169 |
| Investment Income | 1,129 |
| Other Income | 42,157 |
| Total Employee Compensation & Benefits | 54,031 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 86,384 |
| Non-operating Income & (Expense) | 770,990 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -14,159 |
| Cost of Funds | 10 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 780,179 |
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