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864-467-4160
75 Reedy View Dr
Greenville, SC 29601

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 1,785th largest credit union in the nation. It was established in 1941 and as of March of 2014, it had grown to 29 employees and 12,295 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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Health

Data for Q1 2014

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. Greenville Heritage 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 Greenville Heritage Credit Union had $407,000 in non-current loans and owned real-estate with $11.33 million in equity and loan loss allowances on hand to cover it. This gives Greenville Heritage Credit Union a Texas Ratio of 3.58% 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 Greenville Heritage Credit Union experienced no significant changes from 3.81% as of March 31, 2013 to 3.58% as of March 31, 2014, resulting in a positive change of 5.99%.This indicates that the balance sheet and financial strength for Greenville Heritage Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Greenville Heritage Credit Union has increased its total deposits by $7.45 million, resulting in 12.5% 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

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. Greenville Heritage Credit Union has $77.96 million in assets with $11.33 million in equity, resulting in a capitalization level of 14.53%, which is excellent.

Institution Statistics

Overall
NCUA #4400
Year Chartered1941
Employees29
Primary Regulator
Assets and Liabilities
Assets$77.96 million
Loans$60.07 million
Deposits$67.06 million
Equity Capital$10.57 million
Loan Loss Allowance$761,000
Unbacked Noncurrent Loans$407,000
Real Estate Owned$0
Historic Data - March 2013
Assets$69.38 million
Equity Capital$9.37 million
Loan Loss Allowance$572,000
Unbacked Noncurrent Loans$407,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.74%
Return on Assets2.02%
Return on Equity14.91%
Interest Income$1.12 million
Rates

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

Greenville Heritage Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.35%--IRA - Variable
0.35%--Roth IRA - Variable
0.35%--CESA - Variable
0.15%$10k-Share Savings
0.05%--Christmas Club
0.05%--Vacation Club
0.05%--Tax Savings
0.05%--Insurance Savings

Greenville Heritage Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$50k-Money Market Checking

Greenville Heritage Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.78%-$25kHeritage Advantage Checking - Qualifying
0.05%--Basic Checking

Greenville Heritage Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
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
0.50%$500-24 Month Term Share Certificate
0.45%$500-18 Month Term Share Certificate
0.35%$500-12 Month Term Share Certificate
0.25%$500-6 Month Term Share Certificate
0.20%$500-3 Month Term Share Certificate

Greenville Heritage Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.90%$500-60 Month Fixed IRA
0.80%$500-36 Month Fixed IRA
0.50%$500-18 Month Fixed IRA
Locations


Greenville Heritage Credit Union Locations
Branch Office75 Reedy View DrGreenville, SC 29601
Branch Office350 Harrison Bridge RdSimpsonville, SC 29680
Branch Office301 University Rdg Ste 2100Greenville, SC 29601
Branch Office240 Terminal RdGreenville, SC 29605