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National Credit Union Service Organization

HERITAGE VALLEY FEDERAL CREDIT UNION
— Statement of Financial Condition

Then NCUA provides quarterly Call Reports using accounting and statistical information from each credit union. The Call Report includes Balance Sheet, Income Statement and more.

Statement of financial condition for HERITAGE VALLEY FEDERAL CREDIT UNION as of: June 30, 2021.
Charter Number: 303

ASSETS$ Amount
CASH:  
 1. Cash on Hand 986,669
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 4,207,198
 3. Cash Equivalents (Investments with Original Maturities of Three Months or Less) 0
INVESTMENTS:  
 4. Equity Securities 7,474,931
 5. Trading Debut Securities 0
 6. Available-for-Sale Debt Securities 23,807,272
 7. Held-to-Maturity Debt Securities 0
 8. Deposits in commercial banks, S&Ls, savings banks 20,259,000
 9. Loans to and investments in natural person credit unions 3,736,000
 10. Nonperpetual Capital Account 0
 11. Perpetual Contributed Capital 278,508
 12. All other investments in corporate credit unions 0
 13. All other investments 0
 14. TOTAL INVESTMENTS 55,555,711
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 0
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 46,022,843
 17. Less: Allowance for Loan & Lease Losses 299,351
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 0
 20. Land and Building 3,412,777
 21. Other Fixed Assets 576,199
 22. NCUA Share Insurance Capitalization Deposit 941,679
 23. Intangible Assets 0
 24. Other Assets 2,366,321
25. TOTAL ASSETS 113,770,046
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 0
 2. Other Notes, Promissory Notes and Interest Payable 0
 3. Borrowing Repurchase Transactions 0
 4. Subordinated Debt 0
 5. Subordinated Debt included in Net Worth 0
 6. TOTALS 0
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 62
 9. Accounts Payable and Other Liabilities 375,545
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 22,832,422
 12. Regular Shares 52,881,461
 13. Money Market Shares 14,820,722
 14. Share Certificates 5,470,237
 15. IRA/KEOGH Accounts 7,330,033
 16. All Other Shares 2,440,202
 17. TOTAL SHARES 105,775,077
 18. Nonmember Deposits 0
 19. TOTAL SHARES AND DEPOSITS 105,775,077
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 0
 22. Accounts Held by Nonmember Public Units 0
 23. Employee Benefit Member Shares 0
 24. Employee Benefit Nonmember Shares 0
 25. 529 Plan Member Deposits 0
 26. Non-dollar denominated deposits 0
 27. Health Savings Account 2,440,202
 28. Dollar Amount of Share Certificates equal to or greater than $100,000 (Excluding brokered share certificates participated out by the broker in shares of less than $100,000) 1,292,120
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 3,158,515
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 1,742,187
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 38,839
EQUITY:  
 33. Undivided Earnings 8,237,848
 34. Regular Reserves 761,302
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 0
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) -1,373,069
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -6,719
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 113,770,046
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 1,381,698
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 261,810
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 1,643,508
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 45,514
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 0
 9. TOTAL INTEREST EXPENSE 45,514
 10. Provision for Loan & Lease Losses 4,933
 11. Total Credit Loss Expense 0
 12. NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES or CREDIT LOSS EXPENSE 1,593,061
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 615,949
 14. Other Operating Income (Includes unconsolidated CUSO Income and Gain (Loss) associated with the Hedged Item (NonInvestment Assets) in a Non-Trading, Fair Value (FV) Derivatives Hedge) 0
 15. Gain (Loss) on Equity Securities (DO NOT include Gain (Loss) on other securities) 0
 16. Gain (Loss) on Other Securities (DO NOT include Gain or Loss on Equity Securities) 0
 17. Gain (Loss) on Non-Trading Derivatives 0
 18. Gain (Loss) on Disposition of Fixed Assets 0
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 0
 21. TOTAL NON-INTEREST INCOME 799,024
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 1,009,001
 23. Travel and Conference Expense 8,520
 24. Office Occupancy Expense 177,955
 25. Office Operations Expense 759,408
 26. Educational and Promotional Expenses 39,438
 27. Loan Servicing Expense 251,059
 28. Professional and Outside Services 107,908
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 10,177
 31. Miscellaneous Operating Expenses 38,562
 32. TOTAL NON-INTEREST EXPENSE 2,402,028
33. NET INCOME (LOSS) -9,943
RESERVE TRANSFERS YEAR-TO-DATE FOR THE CYCLE  
 34. Transfer to Regular Reserves 0
Interest Rate# LoansAmount
Non-Commercial Loans/Lines of Credit
 1. Unsecured Credit Card Loans10.901,880$5,368,662
 2. Payday Alternative Loans (PALs I and PALs II)0.000$0
 3. Non-Federally Guaranteed Student Loans6.00158$5,862,071
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans10.111,459$3,434,580
 5. New Vehicle Loans4.36109$1,851,392
 6. Used Vehicle Loans7.031,553$12,036,913
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit5.6714$53,789
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property3.85153$11,696,931
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property3.58225$5,556,579
 11. All Other Real Estate Loans/Lines of Credit0.000$0
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured0.000$0
 13. Commercial Loans/Lines of Credit Not Real Estate Secured4.252$161,926
 14. TOTAL LOANS & LEASES5,553$46,022,843
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date1,036$8,080,147
  a. Payday Alternative Loans (PALs I and PALs II) Granted Year-to-Date0$0
MISCELLANEOUS LOAN INFORMATIONNumberAmount
 16. Non-Federally Guaranteed Student Loans in Deferred Status26$801,236
 17. Loans Outstanding to Credit Union Officials and Senior Executive Staff9$90,748
GOVERNMENT GUARANTEED LOANSNumberOutstanding BalanceGuaranteed Portion
 18. Non-Commercial Loans  
  a. 1. Small Business Administration0$0$0
  a. 2. Paycheck Protection Program Loans (Included in 18.a.1.)0$0-
  b. Other Government Guaranteed0$0$0
 19. Commercial Loans  
  a. Small Business Administration0$0$0
  b. Other Government Guaranteed0$0$0