Mar, 31, 2022 — HERITAGE COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in SACRAMENTO, CA with 4 branch locations and about $252.02 million in total assets. Opened 69 years ago in 1953, HERITAGE COMMUNITY CREDIT UNION has about 11,966 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: | 11,966 |
| 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: | $252,019,075 |
| CEO/Manager: | Ed Turk |
| Chairperson: | Bobbi Beehler |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 15,339,918 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 175,000 |
| Real Estate Loans | 81,327,976 |
| Unsecured Loans | 939,193 |
| Other Loans | 111,510,895 |
| TOTAL LOANS | 195,296,965 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,692,042 |
| Land And Building | 1,306,867 |
| Other Fixed Assets | 277,564 |
| NCUSIF Deposit | 2,124,332 |
| All Other Assets | 80,230 |
| TOTAL ASSETS | 252,019,075 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 18,461 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,765,235 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 2,000,000 |
| Share Drafts | 65,410,713 |
| Regular shares | 85,781,167 |
| All Other Shares & Deposits | 75,347,501 |
| TOTAL SHARES & DEPOSITS | 226,539,381 |
| TOTAL LIABILITIES | 230,323,077 |
| Regular Reserve | 0 |
| Other Reserves | -3,973 |
| Undivided Earnings | 21,699,971 |
| TOTAL EQUITY | 21,695,998 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 252,019,075 |
| INCOME & EXPENSE | |
| Loan Income | 1,505,648 |
| Investment Income | 48,551 |
| Other Income | 218,827 |
| Total Employee Compensation & Benefits | 1,008,846 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 948,709 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -112,683 |
| Cost of Funds | 110,280 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 59,929 |
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