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HERITAGE FAMILY FEDERAL CREDIT UNION

Mar, 31, 2022 — HERITAGE FAMILY FEDERAL CREDIT UNION is a federal credit union headquartered in RUTLAND, VT with 10 branch locations and about $724.94 million in total assets. Opened 66 years ago in 1956, HERITAGE FAMILY FEDERAL CREDIT UNION has about 49,056 members and employs 176 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 FAMILY FEDERAL CREDIT UNION
Address:
(Main Office)
26 Allen St
RUTLAND, VT 05701
Phone:(802) 775-4930
Fax:
Website:http://www.hfcuvt.com
Branches:10 branch locations
Members:49,056
Credit Union Type:Federal Credit Union
Charter Number:24742
Membership Type:Community - Rural District
Corporate Credit Union:No
Year Opened:1956
Last Audited:Jun 01, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$724,938,237
CEO/Manager:Matthew Levandowski
Chairperson:Kevin Loso

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 89,942,909
TOTAL INVESTMENTS 0
Loans Held for Sale 4,592,529
 
 Real Estate Loans 244,692,913
 Unsecured Loans 32,646,545
 Other Loans 145,436,642
 TOTAL LOANS 423,227,662
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -3,620,770
 Land And Building 16,993,617
 Other Fixed Assets 2,104,359
 NCUSIF Deposit 5,886,155
 All Other Assets 1,726,287
  TOTAL ASSETS 724,938,237
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 6,887,263
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 156,758,272
 Regular shares 337,418,496
 All Other Shares & Deposits 170,732,014
  TOTAL SHARES & DEPOSITS 664,908,782
  TOTAL LIABILITIES 671,796,045
 Regular Reserve 0
 Other Reserves -15,834,998
 Undivided Earnings 68,977,190
  TOTAL EQUITY 53,142,192
  TOTAL LIABILITIES, SHARES, & EQUITY 724,938,237
INCOME & EXPENSE  
 Loan Income 5,278,221
 Investment Income 508,906
 Other Income 1,979,663
 Total Employee Compensation & Benefits 3,410,158
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,322,422
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 76,188
 Cost of Funds 415,983
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,678,803
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