Dec, 31, 2023 — FIRST HERITAGE FEDERAL CREDIT UNION is a federal credit union headquartered in CORNING, NY with 9 branch locations and about $701.12 million in total assets. Opened 70 years ago in 1954, FIRST HERITAGE FEDERAL CREDIT UNION has about 46,117 members and employs 137 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FIRST HERITAGE FEDERAL CREDIT UNION |
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Address: (Main Office) | 202 Denison Pkwy E CORNING, NY 14830-2813 |
Phone: | (607) 936-4667 |
Fax: | |
Website: | https://www.fhfcu.org |
Branches: | 9 branch locations |
Members: | 46,117 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 9604 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $701,120,657 |
CEO/Manager: | Thomas J Pisano |
Chairperson: | Robert J Blair |
ASSETS: | $ Amount |
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Cash & Equivalents | 24,906,178 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 252,978,214 |
Unsecured Loans | 14,294,021 |
Other Loans | 255,974,320 |
TOTAL LOANS | 525,373,132 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,032,481 |
Land And Building | 12,795,117 |
Other Fixed Assets | 1,882,748 |
NCUSIF Deposit | 5,868,510 |
All Other Assets | 0 |
TOTAL ASSETS | 701,120,657 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 6,878,014 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 120,887,882 |
Regular shares | 210,185,010 |
All Other Shares & Deposits | 293,402,142 |
TOTAL SHARES & DEPOSITS | 624,475,034 |
TOTAL LIABILITIES | 631,353,048 |
Regular Reserve | 0 |
Other Reserves | -3,715,255 |
Undivided Earnings | 73,482,864 |
TOTAL EQUITY | 69,767,609 |
TOTAL LIABILITIES, SHARES, & EQUITY | 701,120,657 |
INCOME & EXPENSE | |
Loan Income | 23,027,461 |
Investment Income | 3,607,028 |
Other Income | 2,309,236 |
Total Employee Compensation & Benefits | 10,417,761 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 10,740,079 |
Non-operating Income & (Expense) | 439 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,195,000 |
Cost of Funds | 6,947,499 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 4,684,691 |
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» See also Statement of Financial Condition