Dec, 31, 2023 — GEORGIA HERITAGE FEDERAL CREDIT UNION is a federal credit union headquartered in SAVANNAH, GA with 4 branch locations and about $130.65 million in total assets. Opened 84 years ago in 1940, GEORGIA HERITAGE FEDERAL CREDIT UNION has about 13,767 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: | GEORGIA HERITAGE FEDERAL CREDIT UNION |
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Address: (Main Office) | 1085 W Lathrop Ave SAVANNAH, GA 31415 |
Phone: | (912) 236-4400 |
Fax: | (912) 238-5944 |
Website: | https://www.gaheritagefcu.org |
Branches: | 4 branch locations |
Members: | 13,767 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 3800 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $130,651,270 |
CEO/Manager: | Dale Taratuta |
Chairperson: | Donna C Trapani |
ASSETS: | $ Amount |
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Cash & Equivalents | 15,936,490 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 13,360,817 |
Unsecured Loans | 4,939,804 |
Other Loans | 71,668,362 |
TOTAL LOANS | 89,968,984 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -982,862 |
Land And Building | 3,521,333 |
Other Fixed Assets | 455,281 |
NCUSIF Deposit | 1,093,345 |
All Other Assets | 0 |
TOTAL ASSETS | 130,651,270 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 137,740 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,574,962 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 20,870,391 |
Regular shares | 48,686,231 |
All Other Shares & Deposits | 44,773,341 |
TOTAL SHARES & DEPOSITS | 114,329,963 |
TOTAL LIABILITIES | 117,042,665 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 13,608,605 |
TOTAL EQUITY | 13,608,605 |
TOTAL LIABILITIES, SHARES, & EQUITY | 130,651,270 |
INCOME & EXPENSE | |
Loan Income | 4,701,062 |
Investment Income | 963,541 |
Other Income | 883,895 |
Total Employee Compensation & Benefits | 2,927,295 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,461,317 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 329,838 |
Cost of Funds | 970,828 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 770,572 |
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