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HERITAGE GROVE FEDERAL CREDIT UNION

Jun, 30, 2024 — HERITAGE GROVE FEDERAL CREDIT UNION is a federal credit union headquartered in SALEM, OR with 1 branch location and about $162.39 million in total assets. Opened 61 years ago in 1964, HERITAGE GROVE FEDERAL CREDIT UNION has about 9,007 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:https://www.ourgrovecu.com
Branches:1 branch locations
Members:9,007
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, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$162,394,094
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 21,897,217
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 40,240,512
 Unsecured Loans 3,685,501
 Other Loans 55,690,717
 TOTAL LOANS 99,616,730
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -463,918
 Land And Building 1,500,489
 Other Fixed Assets 206,036
 NCUSIF Deposit 1,298,822
 All Other Assets 29,002
  TOTAL ASSETS 162,394,094
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 560,759
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 34,166,861
 Regular shares 71,618,419
 All Other Shares & Deposits 40,707,483
  TOTAL SHARES & DEPOSITS 146,492,763
  TOTAL LIABILITIES 147,053,522
 Regular Reserve 0
 Other Reserves 874,110
 Undivided Earnings 14,466,462
  TOTAL EQUITY 15,340,572
  TOTAL LIABILITIES, SHARES, & EQUITY 162,394,094
INCOME & EXPENSE  
 Loan Income 2,863,709
 Investment Income 341,372
 Other Income 777,140
 Total Employee Compensation & Benefits 1,633,459
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,668,930
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 188,973
 Cost of Funds 65,700
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 663,867
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