Dec, 31, 2022 — HERITAGE COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in SACRAMENTO, CA with 4 branch locations and about $258.28 million in total assets. Opened 70 years ago in 1953, HERITAGE COMMUNITY CREDIT UNION has about 11,784 members and employs 46 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) | 10415 Old Placerville Rd SACRAMENTO, CA 95827-2508 |
| Phone: | (916) 364-1700 |
| Fax: | (916) 364-3791 |
| Website: | https://www.heritageccu.com |
| Branches: | 4 branch locations |
| Members: | 11,784 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $258,276,212 |
| CEO/Manager: | Ed Turk |
| Chairperson: | Bobbi Beehler |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,436,328 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 92,423,890 |
| Unsecured Loans | 2,226,310 |
| Other Loans | 108,085,275 |
| TOTAL LOANS | 203,877,735 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,453,478 |
| Land And Building | 1,273,198 |
| Other Fixed Assets | 174,858 |
| NCUSIF Deposit | 2,139,203 |
| All Other Assets | 212,515 |
| TOTAL ASSETS | 258,276,212 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 21,545 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,726,804 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 2,000,000 |
| Share Drafts | 61,405,945 |
| Regular shares | 83,628,677 |
| All Other Shares & Deposits | 87,682,995 |
| TOTAL SHARES & DEPOSITS | 232,717,617 |
| TOTAL LIABILITIES | 236,465,966 |
| Regular Reserve | 0 |
| Other Reserves | -43,052 |
| Undivided Earnings | 21,853,298 |
| TOTAL EQUITY | 21,810,246 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 258,276,212 |
| INCOME & EXPENSE | |
| Loan Income | 4,566,216 |
| Investment Income | 296,434 |
| Other Income | 660,911 |
| Total Employee Compensation & Benefits | 2,957,662 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,853,061 |
| Non-operating Income & (Expense) | -23,530 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -247,131 |
| Cost of Funds | 464,369 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 213,256 |
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