Sep, 30, 2025 — HERITAGE SOUTH CREDIT UNION is a federally insured state chartered credit union headquartered in SYLACAUGA, AL with 7 branch locations and about $180.16 million in total assets. Opened 89 years ago in 1937, HERITAGE SOUTH CREDIT UNION has about 15,544 members and employs 64 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 SOUTH CREDIT UNION |
|---|---|
| Address: (Main Office) | 60 Gene E Stewart Blvd SYLACAUGA, AL 35151 |
| Phone: | (256) 245-4776 |
| Fax: | (256) 401-1288 |
| Website: | https://www.myhscu.com |
| Branches: | 7 branch locations |
| Members: | 15,544 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68586 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $180,161,201 |
| CEO/Manager: | Jamie m Payton |
| Chairperson: | Mindy Grier |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 20,477,328 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 59,433,211 |
| Unsecured Loans | 10,929,486 |
| Other Loans | 60,423,549 |
| TOTAL LOANS | 130,786,246 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -824,482 |
| Land And Building | 9,083,554 |
| Other Fixed Assets | 593,903 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,588,317 |
| All Other Assets | 373,884 |
| TOTAL ASSETS | 180,161,201 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 677,076 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 37,369,274 |
| Regular shares | 53,360,399 |
| All Other Shares & Deposits | 72,699,885 |
| TOTAL SHARES & DEPOSITS | 163,429,558 |
| TOTAL LIABILITIES | 164,106,634 |
| Regular Reserve | 0 |
| Other Reserves | -1,685,855 |
| Undivided Earnings | 17,740,422 |
| TOTAL EQUITY | 16,054,567 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 180,161,201 |
| INCOME & EXPENSE | |
| Loan Income | 6,702,013 |
| Investment Income | 733,526 |
| Other Income | 2,438,875 |
| Total Employee Compensation & Benefits | 3,578,096 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,684,612 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 551,752 |
| Cost of Funds | 1,677,382 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 440,761 |
| ↑ Back to Top | |