Mar, 31, 2021 — HERITAGE COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in RANCHO CORDOVA, CA with 4 branch locations and about $248.23 million in total assets. Opened 68 years ago in 1953, HERITAGE COMMUNITY CREDIT UNION has about 12,291 members and employs 38 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: | 12,291 |
| 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: | $248,233,025 |
| CEO/Manager: | Ed Turk |
| Chairperson: | William Windle |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 33,079,234 |
| TOTAL INVESTMENTS | 21,629,807 |
| Loans Held for Sale | 853,000 |
| Real Estate Loans | 76,963,011 |
| Unsecured Loans | 792,484 |
| Other Loans | 97,636,810 |
| TOTAL LOANS | 177,282,299 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,605,200 |
| Land And Building | 1,382,182 |
| Other Fixed Assets | 433,499 |
| NCUSIF Deposit | 1,969,900 |
| All Other Assets | 14,208,304 |
| TOTAL ASSETS | 248,233,025 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 14,950 |
| Notes & Interest Payable | 5,000,000 |
| Accounts Payable & Other Liabilities | 1,358,773 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 58,103,205 |
| Regular shares | 78,881,756 |
| All Other Shares & Deposits | 83,973,008 |
| TOTAL SHARES & DEPOSITS | 220,957,969 |
| TOTAL LIABILITIES | 227,331,692 |
| Regular Reserve | 378,315 |
| Other Reserves | 9,245 |
| Undivided Earnings | 20,513,773 |
| TOTAL EQUITY | 20,901,333 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 248,233,025 |
| INCOME & EXPENSE | |
| Loan Income | 1,613,476 |
| Investment Income | 34,871 |
| Other Income | 213,784 |
| Total Employee Compensation & Benefits | 805,153 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 892,755 |
| Non-operating Income & (Expense) | 9,529 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 124,218 |
| Cost of Funds | 101,916 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 296,874 |
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