Dec, 31, 2020 — HERITAGE COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in RANCHO CORDOVA, CA with 4 branch locations and about $236.93 million in total assets. Opened 68 years ago in 1953, HERITAGE COMMUNITY CREDIT UNION has about 12,259 members and employs 39 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: | 12,259 |
| 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, 2019 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $236,930,788 |
| CEO/Manager: | Ed Turk |
| Chairperson: | William Windle |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,479,066 |
| TOTAL INVESTMENTS | 26,808,718 |
| Loans Held for Sale | 788,000 |
| Real Estate Loans | 70,987,456 |
| Unsecured Loans | 882,310 |
| Other Loans | 106,742,459 |
| TOTAL LOANS | 180,715,096 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,608,656 |
| Land And Building | 1,401,290 |
| Other Fixed Assets | 507,355 |
| NCUSIF Deposit | 1,969,900 |
| All Other Assets | 12,870,019 |
| TOTAL ASSETS | 236,930,788 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 5,000,000 |
| Accounts Payable & Other Liabilities | 1,580,786 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 56,707,119 |
| Regular shares | 70,351,990 |
| All Other Shares & Deposits | 82,686,732 |
| TOTAL SHARES & DEPOSITS | 209,745,841 |
| TOTAL LIABILITIES | 216,326,627 |
| Regular Reserve | 378,315 |
| Other Reserves | 8,948 |
| Undivided Earnings | 20,216,898 |
| TOTAL EQUITY | 20,604,161 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 236,930,788 |
| INCOME & EXPENSE | |
| Loan Income | 6,693,194 |
| Investment Income | 215,391 |
| Other Income | 1,838,943 |
| Total Employee Compensation & Benefits | 3,433,599 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,472,424 |
| Non-operating Income & (Expense) | 804,699 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,976,838 |
| Cost of Funds | 643,748 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 25,618 |
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