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HERITAGE GROVE FEDERAL CREDIT UNION

Sep, 30, 2021 — HERITAGE GROVE FEDERAL CREDIT UNION is a federal credit union headquartered in SALEM, OR with 1 branch location and about $145.33 million in total assets. Opened 58 years ago in 1964, HERITAGE GROVE FEDERAL CREDIT UNION has about 8,851 members and employs 28 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:8,851
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:$145,330,660
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 36,095,367
TOTAL INVESTMENTS 28,590,000
Loans Held for Sale 0
 
 Real Estate Loans 31,744,624
 Unsecured Loans 3,447,522
 Other Loans 42,502,877
 TOTAL LOANS 77,695,023
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -471,190
 Land And Building 1,595,294
 Other Fixed Assets 39,900
 NCUSIF Deposit 1,163,806
 All Other Assets 622,460
  TOTAL ASSETS 145,330,660
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 617,067
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 29,087,824
 Regular shares 61,783,504
 All Other Shares & Deposits 39,514,308
  TOTAL SHARES & DEPOSITS 130,385,636
  TOTAL LIABILITIES 131,002,703
 Regular Reserve 874,110
 Other Reserves 0
 Undivided Earnings 13,453,847
  TOTAL EQUITY 14,327,957
  TOTAL LIABILITIES, SHARES, & EQUITY 145,330,660
INCOME & EXPENSE  
 Loan Income 2,757,412
 Investment Income 154,987
 Other Income 797,573
 Total Employee Compensation & Benefits 1,523,048
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,683,106
 Non-operating Income & (Expense) 36,924
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 46,046
 Cost of Funds 81,787
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,003,487
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