Greenville Heritage Credit Union
Greenville Heritage Credit Union is headquartered in Greenville and is the 24th largest credit union in the state of South Carolina. It is also the 1,803rd largest credit union in the nation. It was established in 1941 and as of December of 2013, it had grown to 31 employees and 12,303 members. Greenville Heritage Credit Union has a A health rating.
Field of Membership Restrictions
The credit union membership is open to anyone who lives, works, worships, or attends school in Greenville County, South Carolina. - See Details
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Data for Q4 2013
Institution Health
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, 2013 Greenville Heritage Credit Union had $703,000 in non-current loans and owned real-estate with $11.02 million in equity and loan loss allowances on hand to cover it. This gives Greenville Heritage Credit Union a Texas Ratio of 6.38% 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 Greenville Heritage Credit Union held steady from 4.21% as of December 31, 2012 to 6.38% as of December 31, 2013, resulting in a negative change of 51.60%. This indicates that the balance sheet and financial strength for Greenville Heritage Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Greenville Heritage Credit Union has increased its total deposits by $8.55 million, resulting in 15.57% 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 Greenville Heritage Credit Union has shown is excellent.
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. Greenville Heritage Credit Union has $74.09 million in assets with $11.02 million in equity, resulting in a capitalization level of 14.87%, which is excellent.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 4400 |
| Year Chartered | 1941 |
| Employees | 31 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $74.09 million |
| Loans | $59.77 million |
| Deposits | $63.47 million |
| Equity Capital | $10.17 million |
| Loan Loss Allowance | $842,000 |
| Unbacked Noncurrent Loans | $703,000 |
| Real Estate Owned | $0 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $64.25 million |
| Equity Capital | $8.82 million |
| Loan Loss Allowance | $517,000 |
| Unbacked Noncurrent Loans | $703,000 |
| Real Estate Owned | $0 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 7.34% |
| Return on Assets | 1.83% |
| Return on Equity | 13.31% |
| Interest Income | $4.71 million |
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Greenville Heritage Credit Union Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.40% | - | - | IRA - Variable | |
| 0.40% | - | - | Roth IRA - Variable | |
| 0.40% | - | - | CESA - Variable | |
| 0.20% | $10k | - | Share Savings | |
| 0.10% | - | - | Christmas Club | |
| 0.10% | - | - | Vacation Club | |
| 0.10% | - | - | Tax Savings | |
| 0.10% | - | - | Insurance Savings |
Greenville Heritage Credit Union Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.40% | $50k | - | Money Market Checking |
Greenville Heritage Credit Union Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 2.78% | - | $25k | Heritage Advantage Checking | |
| 0.05% | - | - | Basic Checking |
Greenville Heritage Credit Union CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.90% | $500 | - | 60 Month Term Share Certificate | |
| 0.80% | $500 | - | 48 Month Term Share Certificate | |
| 0.70% | $500 | - | 36 Month Term Share Certificate | |
| 0.60% | $500 | - | 30 Month Term Share Certificate | |
| 0.55% | $500 | - | 24 Month Term Share Certificate | |
| 0.45% | $500 | - | 18 Month Term Share Certificate | |
| 0.40% | $500 | - | 12 Month Term Share Certificate | |
| 0.30% | $500 | - | 6 Month Term Share Certificate | |
| 0.20% | $500 | - | 3 Month Term Share Certificate |
Greenville Heritage Credit Union IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.00% | $500 | - | 60 Month Fixed IRA (Traditional,Roth,CESA) | |
| 0.80% | $500 | - | 36 Month Fixed IRA (Traditional,Roth,CESA) | |
| 0.50% | $500 | - | 18 Month Fixed IRA (Traditional,Roth,CESA) |
| Greenville Heritage Credit Union Locations | ||
|---|---|---|
| Branch Office | 75 Reedy View Dr | Greenville, SC 29601 |
| Branch Office | 350 Harrison Bridge Rd | Simpsonville, SC 29680 |
| Branch Office | 301 University Rdg Ste 2100 | Greenville, SC 29601 |
| Branch Office | 240 Terminal Rd | Greenville, SC 29605 |