Sep, 30, 2025 — HERITAGE FEDERAL CREDIT UNION is a federal credit union headquartered in NEWBURGH, IN with 18 branch locations and about $1.02 billion in total assets. Opened 61 years ago in 1965, HERITAGE FEDERAL CREDIT UNION has about 64,940 members and employs 223 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 FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 8266 Bell Oaks Dr NEWBURGH, IN 47630 |
| Phone: | (812) 853-8808 |
| Fax: | (812) 858-6535 |
| Website: | https://www.heritagefederal.org |
| Branches: | 18 branch locations |
| Members: | 64,940 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16626 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,021,488,835 |
| CEO/Manager: | Tony Aylsworth |
| Chairperson: | Nicolette Sledd |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 88,443,872 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,378,250 |
| Real Estate Loans | 413,850,600 |
| Unsecured Loans | 34,228,327 |
| Other Loans | 258,715,971 |
| TOTAL LOANS | 707,123,178 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,833,735 |
| Land And Building | 21,548,936 |
| Other Fixed Assets | 5,206,141 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 7,600,890 |
| All Other Assets | 88,794 |
| TOTAL ASSETS | 1,021,488,835 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 368,968 |
| Notes & Interest Payable | 60,000,000 |
| Accounts Payable & Other Liabilities | 20,643,451 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 15,000,000 |
| Share Drafts | 270,763,056 |
| Regular shares | 255,846,466 |
| All Other Shares & Deposits | 307,649,853 |
| TOTAL SHARES & DEPOSITS | 834,259,374 |
| TOTAL LIABILITIES | 930,564,112 |
| Regular Reserve | 0 |
| Other Reserves | -13,054,929 |
| Undivided Earnings | 103,979,652 |
| TOTAL EQUITY | 90,924,723 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,021,488,835 |
| INCOME & EXPENSE | |
| Loan Income | 31,728,159 |
| Investment Income | 5,575,663 |
| Other Income | 4,978,622 |
| Total Employee Compensation & Benefits | 16,097,168 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 14,838,395 |
| Non-operating Income & (Expense) | 5,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,740,010 |
| Cost of Funds | 12,384,596 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,723,946 |
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