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HERITAGE FEDERAL CREDIT UNION

Mar, 31, 2021 — HERITAGE FEDERAL CREDIT UNION is a federal credit union headquartered in Newburgh, IN with 13 branch locations and about $923.61 million in total assets. Opened 56 years ago in 1965, HERITAGE FEDERAL CREDIT UNION has about 65,416 members and employs 204 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: 281378108
Name:HERITAGE FEDERAL CREDIT UNION
Address:
(Main Office)
PO Box 189
Newburgh, IN 47629
Phone:(812) 853-8808
Fax:(812) 858-6535
Website:http://www.hfcu.info
Branches:13 branch locations
Members:65,416
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$923,609,036
CEO/Manager:David Milligan
Chairperson:William Yockey

Call Report

  • Commercial Loans
  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • Health Savings Accounts
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 148,930,329
TOTAL INVESTMENTS 158,613,712
Loans Held for Sale 3,825,792
 
 Real Estate Loans 272,810,192
 Unsecured Loans 32,576,088
 Other Loans 253,783,247
 TOTAL LOANS 559,368,702
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -4,768,790
 Land And Building 20,488,367
 Other Fixed Assets 1,453,210
 NCUSIF Deposit 6,952,325
 All Other Assets 28,745,389
  TOTAL ASSETS 923,609,036
LIABILITIES & CAPITAL:  
 Dividends Payable 134,278
 Notes & Interest Payable 40,000,000
 Accounts Payable & Other Liabilities 10,773,137
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 252,520,577
 Regular shares 301,158,359
 All Other Shares & Deposits 245,908,181
  TOTAL SHARES & DEPOSITS 799,587,117
  TOTAL LIABILITIES 850,494,532
 Regular Reserve 4,843,456
 Other Reserves 96,540
 Undivided Earnings 68,174,508
  TOTAL EQUITY 73,114,504
  TOTAL LIABILITIES, SHARES, & EQUITY 923,609,036
INCOME & EXPENSE  
 Loan Income 5,698,810
 Investment Income 389,950
 Other Income 1,125,894
 Total Employee Compensation & Benefits 3,204,439
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,289,408
 Non-operating Income & (Expense) 84,380
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 477,726
 Cost of Funds 1,083,616
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,751,546
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