Dec, 31, 2023 — AMERICAN HERITAGE FEDERAL CREDIT UNION is a federal credit union headquartered in PHILADELPHIA, PA with 35 branch locations and about $4.75 billion in total assets. Opened 76 years ago in 1948, AMERICAN HERITAGE FEDERAL CREDIT UNION has about 310,115 members and employs 669 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | AMERICAN HERITAGE FEDERAL CREDIT UNION |
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Address: (Main Office) | 2060 Red Lion Rd PHILADELPHIA, PA 19115-1603 |
Phone: | (215) 969-0777 |
Fax: | (215) 969-0464 |
Website: | https://www.americanheritagecu.org |
Branches: | 35 branch locations |
Members: | 310,115 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 5621 |
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Membership Type: | Multiple common bond - Primarily transportation equipment |
Corporate Credit Union: | No |
Year Opened: | 1948 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $4,754,955,705 |
CEO/Manager: | Bruce Foulke |
Chairperson: | Gary Weyhmuller |
ASSETS: | $ Amount |
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Cash & Equivalents | 527,321,080 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 2,285,306 |
Real Estate Loans | 1,840,826,499 |
Unsecured Loans | 819,115,334 |
Other Loans | 1,060,993,892 |
TOTAL LOANS | 3,720,935,724 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -49,298,470 |
Land And Building | 70,428,275 |
Other Fixed Assets | 13,904,882 |
NCUSIF Deposit | 30,622,314 |
All Other Assets | 3,574,900 |
TOTAL ASSETS | 4,754,955,705 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 2,500,523 |
Notes & Interest Payable | 728,441,050 |
Accounts Payable & Other Liabilities | 66,250,402 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 452,475,470 |
Regular shares | 1,623,942,619 |
All Other Shares & Deposits | 1,530,936,821 |
TOTAL SHARES & DEPOSITS | 3,607,354,910 |
TOTAL LIABILITIES | 4,404,547,385 |
Regular Reserve | 0 |
Other Reserves | 774,159 |
Undivided Earnings | 349,634,161 |
TOTAL EQUITY | 350,408,320 |
TOTAL LIABILITIES, SHARES, & EQUITY | 4,754,955,705 |
INCOME & EXPENSE | |
Loan Income | 195,493,958 |
Investment Income | 32,929,893 |
Other Income | 22,119,750 |
Total Employee Compensation & Benefits | 57,446,779 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 76,352,589 |
Non-operating Income & (Expense) | 210,771 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 17,869,555 |
Cost of Funds | 87,030,451 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 40,021,465 |
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