Heritage Credit Union (IN)

5388 W State Route 66
Newburgh, IN 47629
1-800-858-1693
www.hfcu.info

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Heritage Credit Union (IN) is headquartered in Newburgh and is the 14^st largest credit union in the state of Indiana. It is also the 481^st largest credit union in the nation. It was established in 1965 and as of December of 2012, it had grown to 126 employees and 43,345 members. Heritage Credit Union (IN)'s savings rates are 4X the national average, and it boasts a 5-star health rating.

3.50% Reward Checking Account at Heritage Credit Union in IL and WI - 10/26/2008

Update 10/24/09: The top yield has fallen to 3.50% APY. Refer to the bottom of the post for the rate history.Heritage Credit Union is offering a reward checking account called Go Go Green Checking. It pays 3.50% APY on balances up to $25,000 (0.50% for...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Heritage Credit Union (IN) Checking Account Rates

Apy	Min	Max	Product
0.05%	$500	-	Merit Checking
0.05%	$1k	-	Merit Checking
0.05%	-	-	Future Advantage Checking
0.05%	-	-	Non Profit Checking
0.05%	-	-	Prime Advantage Checking (age 50 and better)

Heritage Credit Union (IN) Savings Account Rates

Apy	Min	Max	Product
2.02%	-	-	Health Savings Checking
0.25%	$100k	-	Prime Performance Savings
0.20%	-	-	Graduate Planning Account
0.15%	$25k	-	Primary Share
0.15%	$25k	-	Savings Account
0.15%	$25k	-	Christmas Club
0.15%	$25k	-	Member Defined Club
0.15%	$25k	-	Primary Share< Age 19
0.15%	$25k	-	Savings Account < Age 19

Heritage Credit Union (IN) Money Market Rates

	Apy	Min	Max	Product
	0.15%	$25k	-	Money Market

Heritage Credit Union (IN) CD Rates

Apy	Min	Max	Product
1.26%	$500	-	5 Year CD
1.00%	$500	-	4 Year CD
0.80%	$500	-	3 Year CD
0.65%	$500	-	2 Year CD
0.50%	$500	-	1 Year CD
0.30%	$2,500	-	6-Month CD
0.25%	$2,500	-	91-Day CD

Heritage Credit Union (IN) IRA Rates

Apy	Min	Max	Product
1.51%	$500	-	5 Year IRA
1.51%	$500	-	5 Year Roth IRA
1.51%	$500	-	5 Year Education IRA
1.26%	$500	-	4 Year IRA
1.26%	$500	-	4 Year Roth IRA
1.26%	$500	-	4 Year Education IRA
1.06%	$500	-	3 Year IRA
1.06%	$500	-	3 Year Roth IRA
1.06%	$500	-	3 Year Education IRA
0.90%	$500	-	2 Year IRA
0.90%	$500	-	2 Year Roth IRA
0.90%	$500	-	2 Year Education IRA
0.75%	$500	-	1 Year IRA
0.75%	$500	-	1 Year Roth IRA
0.75%	$500	-	1 Year Education IRA
0.55%	$2,500	-	6-Month IRA
0.55%	$2,500	-	6-Month Roth IRA
0.55%	$2,500	-	6-Month Education IRA
0.50%	-	-	90 Day Notice IRA
0.50%	$2,500	-	91-Day IRA
0.50%	$2,500	-	91-Day Roth IRA
0.50%	$2,500	-	91-Day Education IRA

Rates updated: 5/22/2013

Data for Q4 2012

Institution Statistics

HERITAGE
NCUA #	16626
BankRate Report	View
Year Chartered	1965
Employees	126
Primary Regulator
Assets and Liabilities
Assets	$432.58 million
Loans	$267.29 million
Deposits	$383.78 million
Equity Capital	$44.12 million
Loan Loss Allowance	$898,000
Unbacked Noncurrent Loans	$859,000
Historic Data - December 2011
Assets	$412.42 million
Equity Capital	$41.05 million
Loan Loss Allowance	$1.05 million
Unbacked Noncurrent Loans	$1.28 million
Real Estate Owned	$70,000
Profit Margin - Quarterly
Net Interest Margin	4.73%
Return on Assets	0.65%
Return on Equity	6.42%
Interest Income	$15.44 million
Non-Interest Income	$7.19 million

Institution Health

Overall Score:

5 out of 5

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, 2012 Heritage Credit Union (IN) had $859,000 in non-current loans and owned real-estate with $45.01 million in equity and loan loss allowances on hand to cover it. This gives Heritage Credit Union (IN) a Texas Ratio of 1.91% 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 Heritage Credit Union (IN) decreased significantly from 3.20% as of December 31, 2011 to 1.91% as of December 31, 2012, resulting in a positive change of 40.27%.This indicates that the balance sheet and financial strength for Heritage Credit Union (IN) has improved significantly in recent periods.
Deposit Growth
In the past year, Heritage Credit Union (IN) has increased its total deposits by $16.21 million, resulting in 4.41% 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 Heritage Credit Union (IN) has shown is above average.
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. Heritage Credit Union (IN) has $432.58 million in assets with $45.01 million in equity, resulting in a capitalization level of 10.41%, which is above average.