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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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