Dec, 31, 2023 — HERITAGE SOUTH COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in SHELBYVILLE, TN with 5 branch locations and about $307.92 million in total assets. Opened 67 years ago in 1957, HERITAGE SOUTH COMMUNITY CREDIT UNION has about 33,519 members and employs 83 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 |
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Address: (Main Office) | 763 N Main St SHELBYVILLE, TN 37160-2846 |
Phone: | (931) 684-3596 |
Fax: | (931) 685-4233 |
Website: | https://www.heritagesouth.org |
Branches: | 5 branch locations |
Members: | 33,519 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67748 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $307,924,520 |
CEO/Manager: | Laura Parham |
Chairperson: | Ken Malone |
ASSETS: | $ Amount |
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Cash & Equivalents | 10,219,106 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 131,470,369 |
Unsecured Loans | 13,829,122 |
Other Loans | 86,418,512 |
TOTAL LOANS | 233,986,375 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,202,686 |
Land And Building | 7,891,139 |
Other Fixed Assets | 859,532 |
NCUSIF Deposit | 2,523,115 |
All Other Assets | 16,100 |
TOTAL ASSETS | 307,924,520 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,078,725 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,316,539 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 53,933,529 |
Regular shares | 74,700,896 |
All Other Shares & Deposits | 127,358,136 |
TOTAL SHARES & DEPOSITS | 255,992,561 |
TOTAL LIABILITIES | 260,387,825 |
Regular Reserve | 0 |
Other Reserves | -622,556 |
Undivided Earnings | 48,159,251 |
TOTAL EQUITY | 47,536,695 |
TOTAL LIABILITIES, SHARES, & EQUITY | 307,924,520 |
INCOME & EXPENSE | |
Loan Income | 14,384,312 |
Investment Income | 1,423,538 |
Other Income | 2,820,045 |
Total Employee Compensation & Benefits | 7,627,950 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 6,029,405 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 627,875 |
Cost of Funds | 3,340,964 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,361,941 |
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