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 |
| 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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