Dec, 31, 2021 — HERITAGE COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in SACRAMENTO, CA with 4 branch locations and about $248.96 million in total assets. Opened 69 years ago in 1953, HERITAGE COMMUNITY CREDIT UNION has about 11,859 members and employs 44 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 |
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Address: (Main Office) | 10415 Old Placerville Rd SACRAMENTO, CA 95827-2508 |
Phone: | (916) 364-1700 |
Fax: | (916) 364-3791 |
Website: | http://www.heritageccu.com |
Branches: | 4 branch locations |
Members: | 11,859 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68395 |
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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: | $248,959,506 |
CEO/Manager: | Ed Turk |
Chairperson: | William Windle |
ASSETS: | $ Amount |
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Cash & Equivalents | 34,327,756 |
TOTAL INVESTMENTS | 22,528,629 |
Loans Held for Sale | 345,000 |
Real Estate Loans | 78,880,445 |
Unsecured Loans | 845,435 |
Other Loans | 96,462,177 |
TOTAL LOANS | 177,751,089 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,815,809 |
Land And Building | 1,325,152 |
Other Fixed Assets | 319,932 |
NCUSIF Deposit | 2,124,332 |
All Other Assets | 12,053,425 |
TOTAL ASSETS | 248,959,506 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 16,865 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,775,982 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 2,000,000 |
Share Drafts | 63,071,502 |
Regular shares | 83,338,018 |
All Other Shares & Deposits | 77,114,116 |
TOTAL SHARES & DEPOSITS | 223,523,636 |
TOTAL LIABILITIES | 227,316,483 |
Regular Reserve | 378,315 |
Other Reserves | 2,980 |
Undivided Earnings | 21,261,728 |
TOTAL EQUITY | 21,643,023 |
TOTAL LIABILITIES, SHARES, & EQUITY | 248,959,506 |
INCOME & EXPENSE | |
Loan Income | 6,148,127 |
Investment Income | 167,407 |
Other Income | 924,577 |
Total Employee Compensation & Benefits | 3,479,733 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,540,012 |
Non-operating Income & (Expense) | -8,900 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 259,666 |
Cost of Funds | 355,849 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,044,828 |
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