HERITAGE CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.heritagecu.org for more information.
Dec, 31, 2023 — HERITAGE CREDIT UNION is a federally insured state chartered credit union headquartered in DEFOREST, WI with 12 branch locations and about $461.32 million in total assets. Opened 46 years ago in 1978, HERITAGE CREDIT UNION has about 29,080 members and employs 131 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 CREDIT UNION |
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Address: (Main Office) | 4617 LIUNA WAY DEFOREST, WI 53532 |
Phone: | (608) 268-5090 |
Fax: | (608) 241-2196 |
Website: | https://www.heritagecu.org |
Branches: | 12 branch locations |
Members: | 29,080 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68385 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1978 |
Last Audited: | Jun 01, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $461,320,772 |
CEO/Manager: | ANITA RAUCH |
Chairperson: | GREG CULLEN |
ASSETS: | $ Amount |
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Cash & Equivalents | 28,974,337 |
TOTAL INVESTMENTS | 72,321,166 |
Loans Held for Sale | 128,341 |
Real Estate Loans | 188,498,503 |
Unsecured Loans | 13,335,873 |
Other Loans | 110,052,189 |
TOTAL LOANS | 311,967,641 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,380,952 |
Land And Building | 24,691,744 |
Other Fixed Assets | 1,794,723 |
NCUSIF Deposit | 3,491,592 |
All Other Assets | 19,332,180 |
TOTAL ASSETS | 461,320,772 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 59,372 |
Notes & Interest Payable | 30,033,196 |
Accounts Payable & Other Liabilities | 3,104,422 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 98,632,856 |
Regular shares | 130,696,035 |
All Other Shares & Deposits | 148,090,408 |
TOTAL SHARES & DEPOSITS | 377,419,299 |
TOTAL LIABILITIES | 410,616,289 |
Regular Reserve | 11,252,031 |
Other Reserves | 4,763,072 |
Undivided Earnings | 34,689,380 |
TOTAL EQUITY | 50,704,483 |
TOTAL LIABILITIES, SHARES, & EQUITY | 461,320,772 |
INCOME & EXPENSE | |
Loan Income | 13,118,915 |
Investment Income | 571,122 |
Other Income | 1,473,804 |
Total Employee Compensation & Benefits | 8,175,515 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 6,464,140 |
Non-operating Income & (Expense) | 1,702,080 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 418,594 |
Cost of Funds | 1,554,356 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,580,624 |
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