Dec, 31, 2023 — COUNTRY HERITAGE CREDIT UNION is a federally insured state chartered credit union headquartered in BUCHANAN, MI with 1 branch location and about $51.31 million in total assets. Opened 92 years ago in 1932, COUNTRY HERITAGE CREDIT UNION has about 1,303 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | COUNTRY HERITAGE CREDIT UNION |
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Address: (Main Office) | 16580 Bakertown Rd BUCHANAN, MI 49107-9201 |
Phone: | (269) 695-2334 |
Fax: | (269) 695-2335 |
Website: | https://www.countryheritagecu.com |
Branches: | 1 branch locations |
Members: | 1,303 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62079 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1932 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $51,313,738 |
CEO/Manager: | Frances K Terry |
Chairperson: | William Messner |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,431,217 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 30,373,307 |
Unsecured Loans | 17,907 |
Other Loans | 3,380,661 |
TOTAL LOANS | 33,771,875 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -400,000 |
Land And Building | 236,243 |
Other Fixed Assets | 10,374 |
NCUSIF Deposit | 324,529 |
All Other Assets | 0 |
TOTAL ASSETS | 51,313,738 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 42,791 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 550,691 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,080,770 |
Regular shares | 12,229,512 |
All Other Shares & Deposits | 25,383,551 |
TOTAL SHARES & DEPOSITS | 40,693,833 |
TOTAL LIABILITIES | 41,287,315 |
Regular Reserve | 0 |
Other Reserves | 1,619,086 |
Undivided Earnings | 8,407,337 |
TOTAL EQUITY | 10,026,423 |
TOTAL LIABILITIES, SHARES, & EQUITY | 51,313,738 |
INCOME & EXPENSE | |
Loan Income | 1,557,590 |
Investment Income | 643,194 |
Other Income | 40,319 |
Total Employee Compensation & Benefits | 438,080 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 382,025 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 58,743 |
Cost of Funds | 815,819 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 567,255 |
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