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HERITAGE USA FEDERAL CREDIT UNION

Mar, 31, 2022 — HERITAGE USA FEDERAL CREDIT UNION is a federal credit union headquartered in MIDLAND, TX with 2 branch locations and about $64.01 million in total assets. Opened 73 years ago in 1949, HERITAGE USA FEDERAL CREDIT UNION has about 5,821 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 316386492
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:http://www.heritage-usa.net
Branches:2 branch locations
Members:5,821
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:Nov 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$64,009,546
CEO/Manager:Augustine S Rodriguez
Chairperson:Betty Seay

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 13,934,117
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 1,582,570
 Unsecured Loans 3,248,196
 Other Loans 42,572,977
 TOTAL LOANS 47,403,743
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -618,346
 Land And Building 1,236,488
 Other Fixed Assets 416,524
 NCUSIF Deposit 500,046
 All Other Assets 30,997
  TOTAL ASSETS 64,009,546
LIABILITIES & CAPITAL:  
 Dividends Payable 166
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 730,606
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 17,554,979
 Regular shares 26,779,193
 All Other Shares & Deposits 11,746,250
  TOTAL SHARES & DEPOSITS 56,080,422
  TOTAL LIABILITIES 56,811,194
 Regular Reserve 0
 Other Reserves 2,349,428
 Undivided Earnings 4,848,924
  TOTAL EQUITY 7,198,352
  TOTAL LIABILITIES, SHARES, & EQUITY 64,009,546
INCOME & EXPENSE  
 Loan Income 763,724
 Investment Income 8,607
 Other Income 221,349
 Total Employee Compensation & Benefits 307,009
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 498,028
 Non-operating Income & (Expense) 57,053
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 103,500
 Cost of Funds 7,184
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 311,937
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