Sep, 30, 2025 — HERITAGE SOUTH COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in SHELBYVILLE, TN with 6 branch locations and about $361.70 million in total assets. Opened 69 years ago in 1957, HERITAGE SOUTH COMMUNITY CREDIT UNION has about 35,203 members and employs 87 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 SOUTH COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 763 N Main St SHELBYVILLE, TN 37160-2846 |
| Phone: | (931) 680-1400 |
| Fax: | (931) 685-4233 |
| Website: | https://www.heritagesouth.org |
| Branches: | 6 branch locations |
| Members: | 35,203 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67748 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $361,698,594 |
| CEO/Manager: | Laura Parham |
| Chairperson: | Ken Malone |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 33,780,224 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 151,483,390 |
| Unsecured Loans | 15,068,949 |
| Other Loans | 93,384,399 |
| TOTAL LOANS | 261,096,669 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,614,473 |
| Land And Building | 8,362,741 |
| Other Fixed Assets | 1,198,755 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,584,900 |
| All Other Assets | 47,840 |
| TOTAL ASSETS | 361,698,594 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,195,161 |
| Notes & Interest Payable | 12,500,000 |
| Accounts Payable & Other Liabilities | 1,475,353 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 53,751,488 |
| Regular shares | 79,539,863 |
| All Other Shares & Deposits | 155,904,985 |
| TOTAL SHARES & DEPOSITS | 289,196,336 |
| TOTAL LIABILITIES | 304,366,850 |
| Regular Reserve | 0 |
| Other Reserves | -206,354 |
| Undivided Earnings | 57,538,098 |
| TOTAL EQUITY | 57,331,744 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 361,698,594 |
| INCOME & EXPENSE | |
| Loan Income | 14,255,140 |
| Investment Income | 1,692,499 |
| Other Income | 2,134,445 |
| Total Employee Compensation & Benefits | 5,869,721 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 5,704,839 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,225,000 |
| Cost of Funds | 4,200,570 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,994,332 |
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