Sep, 30, 2025 — HERITAGE USA FEDERAL CREDIT UNION is a federal credit union headquartered in MIDLAND, TX with 3 branch locations and about $106.21 million in total assets. Opened 77 years ago in 1949, HERITAGE USA FEDERAL CREDIT UNION has about 6,880 members and employs 31 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 USA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 5507 W Wadley Ave MIDLAND, TX 79707 |
| Phone: | (432) 681-1050 |
| Fax: | (432) 681-1057 |
| Website: | https://www.heritage-usa.net |
| Branches: | 3 branch locations |
| Members: | 6,880 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6434 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Oct 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $106,207,504 |
| CEO/Manager: | Augustine S Rodriguez |
| Chairperson: | Dirk Parks |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,132,933 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 621,426 |
| Unsecured Loans | 6,483,842 |
| Other Loans | 76,405,703 |
| TOTAL LOANS | 83,510,971 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -953,159 |
| Land And Building | 4,783,019 |
| Other Fixed Assets | 795,624 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 872,893 |
| All Other Assets | 0 |
| TOTAL ASSETS | 106,207,504 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 273,336 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,769,504 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 19,894,743 |
| Regular shares | 29,540,483 |
| All Other Shares & Deposits | 43,004,151 |
| TOTAL SHARES & DEPOSITS | 92,439,377 |
| TOTAL LIABILITIES | 95,482,217 |
| Regular Reserve | 0 |
| Other Reserves | -9,554 |
| Undivided Earnings | 10,734,841 |
| TOTAL EQUITY | 10,725,287 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 106,207,504 |
| INCOME & EXPENSE | |
| Loan Income | 4,621,037 |
| Investment Income | 529,642 |
| Other Income | 1,301,017 |
| Total Employee Compensation & Benefits | 2,103,731 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,471,026 |
| Non-operating Income & (Expense) | 6,224 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,035,497 |
| Cost of Funds | 1,370,748 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -227,185 |
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