Dec, 31, 2023 — HERITAGE VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in YORK, PA with 3 branch locations and about $117.02 million in total assets. Opened 89 years ago in 1935, HERITAGE VALLEY FEDERAL CREDIT UNION has about 13,555 members and employs 35 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | HERITAGE VALLEY FEDERAL CREDIT UNION |
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Address: (Main Office) | 2400 Pleasant Valley Rd YORK, PA 17402-9624 |
Phone: | (717) 840-4981 |
Fax: | (717) 840-4982 |
Website: | https://heritagevalleyfcu.org |
Branches: | 3 branch locations |
Members: | 13,555 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 303 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Sep 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $117,018,812 |
CEO/Manager: | Michael Gutshall |
Chairperson: | Kathleen A Neff |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,523,645 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 25,527,770 |
Unsecured Loans | 18,878,342 |
Other Loans | 20,401,659 |
TOTAL LOANS | 64,807,771 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -865,857 |
Land And Building | 3,207,242 |
Other Fixed Assets | 396,349 |
NCUSIF Deposit | 1,046,878 |
All Other Assets | 61,491 |
TOTAL ASSETS | 117,018,812 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 323 |
Notes & Interest Payable | 6,500,000 |
Accounts Payable & Other Liabilities | -138,235 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 21,958,564 |
Regular shares | 46,091,768 |
All Other Shares & Deposits | 36,826,692 |
TOTAL SHARES & DEPOSITS | 104,877,024 |
TOTAL LIABILITIES | 111,239,112 |
Regular Reserve | 0 |
Other Reserves | -3,276,896 |
Undivided Earnings | 9,056,596 |
TOTAL EQUITY | 5,779,700 |
TOTAL LIABILITIES, SHARES, & EQUITY | 117,018,812 |
INCOME & EXPENSE | |
Loan Income | 4,072,769 |
Investment Income | 657,900 |
Other Income | 1,560,496 |
Total Employee Compensation & Benefits | 2,269,798 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,391,119 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 263,740 |
Cost of Funds | 753,003 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 130,690 |
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