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P.O. Box 2564
Greenville, SC 29602

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

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


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 experienced no significant changes 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 had no significant changes 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.



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

NCUA #4400
Year Chartered1941
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 Margin7.34%
Return on Assets1.83%
Return on Equity13.31%
Interest Income$4.71 million

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Greenville Heritage Credit Union Savings Account Rates

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

0.40%$50k-Money Market Checking

Greenville Heritage Credit Union Checking Account Rates

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

Greenville Heritage Credit Union CD Rates

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

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 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