Sep, 30, 2025 — UNITED HERITAGE CREDIT UNION is a federally insured state chartered credit union headquartered in AUSTIN, TX with 10 branch locations and about $1.65 billion in total assets. Opened 69 years ago in 1957, UNITED HERITAGE CREDIT UNION has about 82,181 members and employs 226 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UNITED HERITAGE CREDIT UNION |
|---|---|
| Address: (Main Office) | 12515 Research Blvd Bldg 5 AUSTIN, TX 78759-2247 |
| Phone: | (512) 435-4545 |
| Fax: | (512) 435-4049 |
| Website: | https://www.uhcu.org |
| Branches: | 10 branch locations |
| Members: | 82,181 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68251 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,650,042,367 |
| CEO/Manager: | Michael Ver Schuur |
| Chairperson: | Val Velasquez |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 244,285,135 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 623,285,580 |
| Unsecured Loans | 33,167,246 |
| Other Loans | 596,042,470 |
| TOTAL LOANS | 1,253,323,643 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,736,328 |
| Land And Building | 70,280,992 |
| Other Fixed Assets | 6,642,714 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 12,119,481 |
| All Other Assets | 408,138 |
| TOTAL ASSETS | 1,650,042,367 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 13,657 |
| Notes & Interest Payable | 168,000,000 |
| Accounts Payable & Other Liabilities | 22,965,925 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 307,439,524 |
| Regular shares | 357,255,330 |
| All Other Shares & Deposits | 637,436,002 |
| TOTAL SHARES & DEPOSITS | 1,302,130,856 |
| TOTAL LIABILITIES | 1,493,110,438 |
| Regular Reserve | 0 |
| Other Reserves | -6,661,008 |
| Undivided Earnings | 163,592,937 |
| TOTAL EQUITY | 156,931,929 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,650,042,367 |
| INCOME & EXPENSE | |
| Loan Income | 50,853,981 |
| Investment Income | 5,414,259 |
| Other Income | 10,484,986 |
| Total Employee Compensation & Benefits | 22,692,167 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 17,619,968 |
| Non-operating Income & (Expense) | 2,845,373 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,174,345 |
| Cost of Funds | 18,786,345 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 9,092,826 |
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