Dec, 31, 2023 — CENTURY HERITAGE FEDERAL CREDIT UNION is a federal credit union headquartered in PITTSBURGH, PA with 6 branch locations and about $264.87 million in total assets. Opened 88 years ago in 1936, CENTURY HERITAGE FEDERAL CREDIT UNION has about 18,327 members and employs 46 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CENTURY HERITAGE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 700 REGIS AVE PITTSBURGH, PA 15236-1425 |
| Phone: | (412) 650-2600 |
| Fax: | (412) 650-3482 |
| Website: | https://chfcu.org |
| Branches: | 6 branch locations |
| Members: | 18,327 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1352 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $264,872,298 |
| CEO/Manager: | Vincent C Cerasuolo |
| Chairperson: | Edward J Skweres |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,464,558 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 83,477,853 |
| Unsecured Loans | 6,026,226 |
| Other Loans | 86,310,630 |
| TOTAL LOANS | 175,930,962 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -449,745 |
| Land And Building | 3,109,689 |
| Other Fixed Assets | 546,930 |
| NCUSIF Deposit | 2,097,736 |
| All Other Assets | 0 |
| TOTAL ASSETS | 264,872,298 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 12 |
| Notes & Interest Payable | 16,634,569 |
| Accounts Payable & Other Liabilities | 1,618,447 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 26,629,664 |
| Regular shares | 73,932,966 |
| All Other Shares & Deposits | 123,995,809 |
| TOTAL SHARES & DEPOSITS | 224,558,439 |
| TOTAL LIABILITIES | 242,811,467 |
| Regular Reserve | 0 |
| Other Reserves | 3,825,289 |
| Undivided Earnings | 18,235,542 |
| TOTAL EQUITY | 22,060,831 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 264,872,298 |
| INCOME & EXPENSE | |
| Loan Income | 7,767,013 |
| Investment Income | 2,539,277 |
| Other Income | 546,937 |
| Total Employee Compensation & Benefits | 3,729,729 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,676,959 |
| Non-operating Income & (Expense) | -13,929 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 306,539 |
| Cost of Funds | 3,158,861 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,110,597 |
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» See also Statement of Financial Condition