Jun, 30, 2021 — HERITAGE FAMILY FEDERAL CREDIT UNION is a federal credit union headquartered in RUTLAND, VT with 11 branch locations and about $686.88 million in total assets. Opened 65 years ago in 1956, HERITAGE FAMILY FEDERAL CREDIT UNION has about 48,779 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) | 30 ALLEN ST RUTLAND, VT 05701 |
| Phone: | (802) 775-4930 |
| Fax: | |
| Website: | http://www.hfcuvt.com |
| Branches: | 11 branch locations |
| Members: | 48,779 |
| 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, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $686,883,323 |
| CEO/Manager: | Matthew Levandowski |
| Chairperson: | Kevin Loso |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 144,498,969 |
| TOTAL INVESTMENTS | 80,243,040 |
| Loans Held for Sale | 5,982,465 |
| Real Estate Loans | 235,409,756 |
| Unsecured Loans | 36,301,129 |
| Other Loans | 146,050,589 |
| TOTAL LOANS | 418,646,199 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,223,181 |
| Land And Building | 17,310,129 |
| Other Fixed Assets | 2,396,172 |
| NCUSIF Deposit | 5,362,677 |
| All Other Assets | 16,666,853 |
| TOTAL ASSETS | 686,883,323 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 7,478,239 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 148,424,754 |
| Regular shares | 309,902,026 |
| All Other Shares & Deposits | 169,521,666 |
| TOTAL SHARES & DEPOSITS | 627,848,446 |
| TOTAL LIABILITIES | 635,326,685 |
| Regular Reserve | 10,438,721 |
| Other Reserves | -10,401,057 |
| Undivided Earnings | 51,518,974 |
| TOTAL EQUITY | 51,556,638 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 686,883,323 |
| INCOME & EXPENSE | |
| Loan Income | 10,746,364 |
| Investment Income | 431,573 |
| Other Income | 3,784,779 |
| Total Employee Compensation & Benefits | 6,619,407 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,448,433 |
| Non-operating Income & (Expense) | -12,283 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 637,743 |
| Cost of Funds | 1,083,236 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,610,510 |
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