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HERITAGE GROVE FEDERAL CREDIT UNION

Jun, 30, 2021 — HERITAGE GROVE FEDERAL CREDIT UNION is a federal credit union headquartered in SALEM, OR with 1 branch location and about $143.65 million in total assets. Opened 57 years ago in 1964, HERITAGE GROVE FEDERAL CREDIT UNION has about 8,862 members and employs 29 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)
PO BOX 2227
SALEM, OR 97309
Phone:(503) 588-0211
Fax:(503) 371-7323
Website:http://www.ourgrovecu.com
Branches:1 branch locations
Members:8,862
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:$143,649,204
CEO/Manager:James A Mau
Chairperson:Shelley Sneed

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 38,040,571
TOTAL INVESTMENTS 26,454,000
Loans Held for Sale 0
 
 Real Estate Loans 29,233,524
 Unsecured Loans 3,463,896
 Other Loans 43,505,151
 TOTAL LOANS 76,202,571
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -466,161
 Land And Building 1,600,780
 Other Fixed Assets 43,747
 NCUSIF Deposit 1,163,806
 All Other Assets 609,890
  TOTAL ASSETS 143,649,204
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 692,946
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 28,695,951
 Regular shares 61,534,217
 All Other Shares & Deposits 38,839,079
  TOTAL SHARES & DEPOSITS 129,069,247
  TOTAL LIABILITIES 129,762,193
 Regular Reserve 874,110
 Other Reserves 0
 Undivided Earnings 13,012,901
  TOTAL EQUITY 13,887,011
  TOTAL LIABILITIES, SHARES, & EQUITY 143,649,204
INCOME & EXPENSE  
 Loan Income 1,837,878
 Investment Income 113,212
 Other Income 515,781
 Total Employee Compensation & Benefits 1,005,888
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,094,645
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 46,046
 Cost of Funds 60,173
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 527,445
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