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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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