Georgia Heritage Federal Credit Union

Georgia Heritage Federal Credit Union is headquartered in SAVANNAH and is the 30^th largest credit union in the state of Georgia. It is also the 1,710^st largest credit union in the nation. It was established in 1940 and as of December of 2012, it had grown to 24 employees and 8,172 members. Georgia Heritage Federal Credit Union's savings rates are 44% higher than the national average, and it boasts a 5-star health rating.

Related Posts

Georgia Heritage Federal Credit Union Checking Account Rates

Georgia Heritage Federal Credit Union Savings Account Rates

Georgia Heritage Federal Credit Union Money Market Rates

Georgia Heritage Federal Credit Union CD Rates

Georgia Heritage Federal Credit Union IRA Rates

Data for Q4 2012

Institution Statistics GEORGIA HERITAGE NCUA # 3800 BankRate Report View Year Chartered 1940 Employees 24 Primary Regulator Assets and Liabilities Assets $80.33 million Loans $50.46 million Deposits $69.17 million Equity Capital $9.71 million Loan Loss Allowance $607,000 Unbacked Noncurrent Loans $469,000 Real Estate Owned $23,000 Historic Data - December 2011 Assets $77.09 million Equity Capital $9.43 million Loan Loss Allowance $696,000 Unbacked Noncurrent Loans $596,000 Real Estate Owned $539,000 Profit Margin - Quarterly Net Interest Margin 5.14% Return on Assets 0.34% Return on Equity 2.85% Interest Income $3.22 million Non-Interest Income $1.00 million

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Georgia Heritage Federal Credit Union had $492,000 in non-current loans and owned real-estate with $10.32 million in equity and loan loss allowances on hand to cover it. This gives Georgia Heritage Federal Credit Union a Texas Ratio of 4.77% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Georgia Heritage Federal Credit Union decreased significantly from 11.21% as of December 31, 2011 to 4.77% as of December 31, 2012, resulting in a positive change of 57.45%.This indicates that the balance sheet and financial strength for Georgia Heritage Federal Credit Union has improved significantly in recent periods. Deposit Growth In the past year, Georgia Heritage Federal Credit Union has increased its total deposits by $2.63 million, resulting in 3.96% 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 above average. Capitalization 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 $80.33 million in assets with $10.32 million in equity, resulting in a capitalization level of 12.84%, which is excellent.

No reviews have been left for this bank yet. Be the first to review.