Sep, 30, 2025 — HERITAGE FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in MIDDLETOWN, NY with 14 branch locations and about $789.57 million in total assets. Opened 86 years ago in 1940, HERITAGE FINANCIAL CREDIT UNION has about 55,666 members and employs 157 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 FINANCIAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 25 Rykowski Ln MIDDLETOWN, NY 10941-4019 |
| Phone: | (845) 561-5607 |
| Fax: | (845) 326-1519 |
| Website: | https://www.heritagefcu.com |
| Branches: | 14 branch locations |
| Members: | 55,666 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68711 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $789,569,277 |
| CEO/Manager: | F. Thomas T Cornelius |
| Chairperson: | Kenneth Affeldt |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 27,880,688 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 420,102,194 |
| Unsecured Loans | 45,111,577 |
| Other Loans | 203,663,506 |
| TOTAL LOANS | 668,877,277 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,500,756 |
| Land And Building | 16,447,942 |
| Other Fixed Assets | 8,560,498 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 5,427,354 |
| All Other Assets | 609,676 |
| TOTAL ASSETS | 789,569,277 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 69,302 |
| Notes & Interest Payable | 77,800,000 |
| Accounts Payable & Other Liabilities | 11,296,194 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 25,000,000 |
| Share Drafts | 102,321,694 |
| Regular shares | 258,940,326 |
| All Other Shares & Deposits | 260,429,763 |
| TOTAL SHARES & DEPOSITS | 621,691,781 |
| TOTAL LIABILITIES | 735,858,355 |
| Regular Reserve | 0 |
| Other Reserves | 47,238 |
| Undivided Earnings | 53,663,684 |
| TOTAL EQUITY | 53,710,922 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 789,569,277 |
| INCOME & EXPENSE | |
| Loan Income | 28,950,542 |
| Investment Income | 1,185,044 |
| Other Income | 2,502,818 |
| Total Employee Compensation & Benefits | 11,907,650 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 10,049,327 |
| Non-operating Income & (Expense) | 1,426,354 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,273,500 |
| Cost of Funds | 9,802,304 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,140,124 |
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