Dec, 31, 2022 — KBR HERITAGE FEDERAL CREDIT UNION is a federal credit union headquartered in HOUSTON, TX with 1 branch location and about $90.62 million in total assets. Opened 70 years ago in 1953, KBR HERITAGE FEDERAL CREDIT UNION has about 4,654 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | KBR HERITAGE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 601 JEFFERSON ST # KT-02 HOUSTON, TX 77002 |
| Phone: | (713) 753-3022 |
| Fax: | (713) 753-7575 |
| Website: | https://www.kbrhfcu.org |
| Branches: | 1 branch locations |
| Members: | 4,654 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8344 |
|---|---|
| Membership Type: | Manufacturing - All Other |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $90,616,085 |
| CEO/Manager: | Regina Lancaster |
| Chairperson: | Bill Simister |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,329,629 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 14,385,012 |
| Unsecured Loans | 6,012,932 |
| Other Loans | 18,564,929 |
| TOTAL LOANS | 38,962,873 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -398,886 |
| Land And Building | 0 |
| Other Fixed Assets | 11,275 |
| NCUSIF Deposit | 716,334 |
| All Other Assets | 0 |
| TOTAL ASSETS | 90,616,085 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 21 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 492,938 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 16,837,039 |
| Regular shares | 56,625,469 |
| All Other Shares & Deposits | 1,742,530 |
| TOTAL SHARES & DEPOSITS | 75,205,038 |
| TOTAL LIABILITIES | 75,697,997 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 14,918,088 |
| TOTAL EQUITY | 14,918,088 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 90,616,085 |
| INCOME & EXPENSE | |
| Loan Income | 1,094,745 |
| Investment Income | 340,511 |
| Other Income | 89,405 |
| Total Employee Compensation & Benefits | 557,387 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 631,590 |
| Non-operating Income & (Expense) | 64,684 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,030 |
| Cost of Funds | 44,121 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,025,230 |
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