Jun, 30, 2021 — HERITAGE COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in RANCHO CORDOVA, CA with 4 branch locations and about $246.29 million in total assets. Opened 68 years ago in 1953, HERITAGE COMMUNITY CREDIT UNION has about 12,200 members and employs 41 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 COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | P O BOX 790 RANCHO CORDOVA, CA 95741-0790 |
| Phone: | (916) 364-1700 |
| Fax: | (916) 364-3791 |
| Website: | http://www.heritageccu.com |
| Branches: | 4 branch locations |
| Members: | 12,200 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68395 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $246,294,444 |
| CEO/Manager: | Ed Turk |
| Chairperson: | William Windle |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 32,113,615 |
| TOTAL INVESTMENTS | 16,642,316 |
| Loans Held for Sale | 215,000 |
| Real Estate Loans | 84,795,065 |
| Unsecured Loans | 781,333 |
| Other Loans | 93,406,944 |
| TOTAL LOANS | 180,809,069 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,680,282 |
| Land And Building | 1,363,172 |
| Other Fixed Assets | 439,509 |
| NCUSIF Deposit | 2,097,458 |
| All Other Assets | 14,294,587 |
| TOTAL ASSETS | 246,294,444 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 15,972 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,702,815 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 59,147,342 |
| Regular shares | 81,384,673 |
| All Other Shares & Deposits | 82,759,737 |
| TOTAL SHARES & DEPOSITS | 223,291,752 |
| TOTAL LIABILITIES | 225,010,539 |
| Regular Reserve | 378,315 |
| Other Reserves | 7,344 |
| Undivided Earnings | 20,898,246 |
| TOTAL EQUITY | 21,283,905 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 246,294,444 |
| INCOME & EXPENSE | |
| Loan Income | 3,131,857 |
| Investment Income | 69,106 |
| Other Income | 435,991 |
| Total Employee Compensation & Benefits | 1,623,355 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,760,553 |
| Non-operating Income & (Expense) | 9,529 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 162,036 |
| Cost of Funds | 188,515 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 681,348 |
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