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HERITAGE GROVE FEDERAL CREDIT UNION

Mar, 31, 2022 — HERITAGE GROVE FEDERAL CREDIT UNION is a federal credit union headquartered in SALEM, OR with 1 branch location and about $152.03 million in total assets. Opened 58 years ago in 1964, HERITAGE GROVE FEDERAL CREDIT UNION has about 8,686 members and employs 30 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: 323276391
Name:HERITAGE GROVE FEDERAL CREDIT UNION
Address:
(Main Office)
631 Winter St NE
SALEM, OR 97301
Phone:(503) 588-0211
Fax:(503) 371-7323
Website:http://www.ourgrovecu.com
Branches:1 branch locations
Members:8,686
Credit Union Type:Federal Credit Union
Charter Number:16113
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1964
Last Audited:Mar 01, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$152,026,530
CEO/Manager:James A Mau
Chairperson:Judith Haynes

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 24,393,317
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 38,059,061
 Unsecured Loans 3,352,306
 Other Loans 39,813,380
 TOTAL LOANS 81,224,747
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -348,184
 Land And Building 1,546,241
 Other Fixed Assets 146,921
 NCUSIF Deposit 1,276,902
 All Other Assets 0
  TOTAL ASSETS 152,026,530
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 461,677
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 28,701,196
 Regular shares 67,714,007
 All Other Shares & Deposits 40,274,271
  TOTAL SHARES & DEPOSITS 136,689,474
  TOTAL LIABILITIES 137,151,151
 Regular Reserve 0
 Other Reserves 874,110
 Undivided Earnings 14,001,269
  TOTAL EQUITY 14,875,379
  TOTAL LIABILITIES, SHARES, & EQUITY 152,026,530
INCOME & EXPENSE  
 Loan Income 905,807
 Investment Income 34,358
 Other Income 242,656
 Total Employee Compensation & Benefits 516,704
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 568,170
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 8,305
 Cost of Funds 17,799
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 198,672
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