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912-236-4400
P.O. Box 1920
Savannah, GA 31402

Georgia Heritage Federal Credit Union is headquartered in Savannah and is the 29th largest credit union in the state of Georgia. It is also the 1,767th largest credit union in the nation. It was established in 1940 and as of March of 2014, it had grown to 31 employees and 8,143 members. Georgia Heritage Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to anyone who lives, works, worships, or attends school in Chatham, Effingham, or Bryan counties in Georgia. Immediate family members of anyone who qualifies for membership, or of anyone who is a current member of Georgia Heritage FCU, may also gain membership to the Credit Union. Membership requires a minimum balance of $5 in the share savings account. - See Details

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Health

Data for Q1 2014

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Georgia Heritage Federal Credit Union has a relatively low asset base.

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Georgia Heritage Federal Credit Union had $343,000 in non-current loans and owned real-estate with $10.75 million in equity and loan loss allowances on hand to cover it. This gives Georgia Heritage Federal Credit Union a Texas Ratio of 3.19% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Georgia Heritage Federal Credit Union decreased slightly from 3.92% as of March 31, 2013 to 3.19% as of March 31, 2014, resulting in a positive change of 18.51%.This indicates that the balance sheet and financial strength for Georgia Heritage Federal Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Georgia Heritage Federal Credit Union has decreased its total deposits by -$2.97 million, resulting in -4.19% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Georgia Heritage Federal Credit Union has shown is below average.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Georgia Heritage Federal Credit Union has $79.68 million in assets with $10.75 million in equity, resulting in a capitalization level of 13.49%, which is excellent.

Institution Statistics

Overall
NCUA #3800
Year Chartered1940
Employees31
Primary Regulator
Assets and Liabilities
Assets$79.68 million
Loans$52.36 million
Deposits$67.98 million
Equity Capital$10.36 million
Loan Loss Allowance$386,000
Unbacked Noncurrent Loans$272,000
Real Estate Owned$71,000
Historic Data - March 2013
Assets$82.29 million
Equity Capital$9.94 million
Loan Loss Allowance$503,000
Unbacked Noncurrent Loans$272,000
Real Estate Owned$82,000
Profit Margin - Quarterly
Net Interest Margin1.17%
Return on Assets0.11%
Return on Equity0.85%
Interest Income$712,000
Rates

Always verify rates and promotions with the bank or credit union. We are not Georgia Heritage Federal Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Georgia Heritage Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%$50k-IRA Savings
0.50%$50k-Roth IRA Savings
0.50%$50k-Coverdell ESA
0.10%--Savings

Georgia Heritage Federal Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$25k-Money Market Plus

Georgia Heritage Federal Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
6.00%-$500E-Account Checking - Qualifying
0.10%$2,500-Premier Checking
0.05%--Heritage Checking

Georgia Heritage Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.20%$500-60 Month Share Certificate
0.95%$500-48 Month Share Certificate
0.85%$500-36 Month Share Certificate
0.70%$500-24 Month Share Certificate
0.60%$500-24 Month 3-Step Share Certificate
0.50%$500-12 Month Share Certificate
0.25%$500-6 Month Share Certificate

Georgia Heritage Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.20%$10k-60 Month IRA
0.95%$10k-48 Month IRA
0.85%$500-36 Month IRA
0.70%$500-24 Month IRA
0.50%$500-12 Month IRA
0.25%$500-6 Month IRA
Locations


Georgia Heritage Federal Credit Union Locations
Branch Office1085 W Lathrop AveSavannah, GA 31415
Branch Office102 Park AvePooler, GA 31322