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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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