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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 1,716st largest credit union in the nation. It was established in 1940 and as of December of 2013, it had grown to 27 employees and 8,078 members. Georgia Heritage Federal Credit Union has a A 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 Q4 2013

Institution Health

A
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 funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Georgia Heritage Federal Credit Union had $596,000 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 5.54% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Georgia Heritage Federal Credit Union experienced no significant changes from 4.77% as of December 31, 2012 to 5.54% as of December 31, 2013, resulting in a negative change of 16.23%. This indicates that the balance sheet and financial strength for Georgia Heritage Federal Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B

In the past year, Georgia Heritage Federal Credit Union has increased its total deposits by $81,000, resulting in 0.12% 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

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 $80.78 million in assets with $10.75 million in equity, resulting in a capitalization level of 13.31%, which is excellent.

Institution Statistics

Overall
NCUA #3800
Year Chartered1940
Employees27
Primary Regulator
Assets and Liabilities
Assets$80.78 million
Loans$52.07 million
Deposits$69.25 million
Equity Capital$10.34 million
Loan Loss Allowance$415,000
Unbacked Noncurrent Loans$525,000
Real Estate Owned$71,000
Historic Data - December 2012
Assets$80.33 million
Equity Capital$9.71 million
Loan Loss Allowance$607,000
Unbacked Noncurrent Loans$525,000
Real Estate Owned$23,000
Profit Margin - Quarterly
Net Interest Margin4.73%
Return on Assets0.78%
Return on Equity6.07%
Interest Income$2.95 million
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
0.10%$2,500-Premier Checking
0.05%--Heritage Checking
0.00%--Classic Checking

Georgia Heritage Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.10%$500-60 Month Share Certificate
0.85%$500-48 Month Share Certificate
0.75%$500-36 Month Share Certificate
0.60%$500-24 Month Share Certificate
0.50%$500-24 Month 3-Step Share Certificate
0.40%$500-12 Month Share Certificate
0.25%$500-6 Month Share Certificate

Georgia Heritage Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.10%$10k-60 Month IRA (Traditional,Roth,CESA)
0.85%$10k-48 Month IRA (Traditional,Roth,CESA)
0.75%$500-36 Month IRA (Traditional,Roth,CESA)
0.60%$500-24 Month IRA (Traditional,Roth,CESA)
0.40%$500-12 Month IRA (Traditional,Roth,CESA)
0.25%$500-6 Month IRA (Traditional,Roth,CESA)
Locations


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