Sep, 30, 2025 — HERITAGE GROVE FEDERAL CREDIT UNION is a federal credit union headquartered in SALEM, OR with 1 branch location and about $162.64 million in total assets. Opened 62 years ago in 1964, HERITAGE GROVE FEDERAL CREDIT UNION has about 8,531 members and employs 31 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| 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: | https://www.ourgrovecu.com |
| Branches: | 1 branch locations |
| Members: | 8,531 |
| 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, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $162,643,179 |
| CEO/Manager: | James A Mau |
| Chairperson: | Scott Shearer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,698,839 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 42,334,283 |
| Unsecured Loans | 3,485,473 |
| Other Loans | 53,363,799 |
| TOTAL LOANS | 102,653,306 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -962,477 |
| Land And Building | 1,457,879 |
| Other Fixed Assets | 340,653 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,348,372 |
| All Other Assets | 22,273 |
| TOTAL ASSETS | 162,643,179 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 519,361 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 32,030,913 |
| Regular shares | 53,250,821 |
| All Other Shares & Deposits | 57,795,042 |
| TOTAL SHARES & DEPOSITS | 143,076,776 |
| TOTAL LIABILITIES | 143,596,137 |
| Regular Reserve | 0 |
| Other Reserves | 874,110 |
| Undivided Earnings | 18,172,932 |
| TOTAL EQUITY | 19,047,042 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 162,643,179 |
| INCOME & EXPENSE | |
| Loan Income | 4,391,866 |
| Investment Income | 1,449,610 |
| Other Income | 760,943 |
| Total Employee Compensation & Benefits | 2,056,329 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,252,819 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 573,267 |
| Cost of Funds | 1,201,556 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 583,628 |
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