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Overview / Commentary
937-294-1991
3400 Office Park Dr
Dayton, OH 45439

Heartland Credit Union (OH) is headquartered in Dayton and is the 72nd largest credit union in the state of Ohio. It is also the 1,748th largest credit union in the nation. It was established in 1935 and as of March of 2014, it had grown to 24 employees and 8,870 members. Heartland Credit Union (OH)'s savings rates are 3X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in the Ohio counties of Clark, Greene, Miami or Montgomery. - See Details

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Health

Data for Q1 2014

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Heartland Credit Union (OH) 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 Heartland Credit Union (OH) had $562,000 in non-current loans and owned real-estate with $7.76 million in equity and loan loss allowances on hand to cover it. This gives Heartland Credit Union (OH) a Texas Ratio of 7.25% 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 Heartland Credit Union (OH) experienced no significant changes from 7.37% as of March 31, 2013 to 7.25% as of March 31, 2014, resulting in a positive change of 1.66%.This indicates that the balance sheet and financial strength for Heartland Credit Union (OH) has had no significant changes in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Heartland Credit Union (OH) has decreased its total deposits by -$3.8 million, resulting in -4.98% 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 Heartland Credit Union (OH) has shown is below average.

Capitalization

GRADE:
B

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. Heartland Credit Union (OH) has $80.83 million in assets with $7.76 million in equity, resulting in a capitalization level of 9.59%, which is above average.

Institution Statistics

Overall
NCUA #264
Year Chartered1935
Employees24
Primary Regulator
Assets and Liabilities
Assets$80.83 million
Loans$43.11 million
Deposits$72.47 million
Equity Capital$7.08 million
Loan Loss Allowance$675,000
Unbacked Noncurrent Loans$562,000
Real Estate Owned$0
Historic Data - March 2013
Assets$85.34 million
Equity Capital$7.08 million
Loan Loss Allowance$900,000
Unbacked Noncurrent Loans$562,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.09%
Return on Equity1.02%
Interest Income$688,000
Rates

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

Heartland Credit Union (OH) Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.50%--Education Account
0.35%--Regular IRA Shares Account
0.35%--IRA Roth Shares Account
0.35%--Health Savings Account
0.10%--Vacation Club Account
0.10%--Regular Shares Account
0.10%--Holiday Club Account

Heartland Credit Union (OH) Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$25k-Full Service Money Market Account

Heartland Credit Union (OH) Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$1,500-Regular Checking Account

Heartland Credit Union (OH) CD Rates

DetailsAPYMINMAXPRODUCT
0.85%$500-36 Month Share Certificate
0.55%$500-24 Month Share Certificate
0.45%$500-18 Month Share Certificate
0.40%$500-15 Month Share Certificate
0.35%$500-12 Month Share Certificate
0.25%$500-8 Month Share Certificate
0.20%$1k-6 Month Share Certificate
0.15%$1k-3 Month Share Certificate

Heartland Credit Union (OH) IRA Rates

DetailsAPYMINMAXPRODUCT
0.85%$500-36 Month IRA Share Certificate
0.55%$500-24 Month IRA Share Certificate
0.35%$500-12 Month IRA Share Certificate
Locations


Heartland Credit Union (OH) Locations
Branch Office1620 Upper Valley PikeSpringfield, OH 455044065
Branch Office1933 Covington AvePiqua, OH 453562635
Branch Office3400 Office Park DrDayton, OH 45439
Branch Office3115 S Dixie DrMoraine, OH 454392200