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Overview / Commentary
1212 Huxley St
Madison, WI 53704

Heritage Credit Union is headquartered in MADISON and is the 20th largest credit union in the state of Wisconsin. It is also the 768th largest credit union in the nation. It was established in 1978 and as of March of 2014, it had grown to 87 employees and 26,997 members. Heritage Credit Union has a A+ health rating.

Field of Membership Restrictions

Membership is open to Any person who resides or works in: •IL: Boone, Jo Daviess, Knox, Lake, McHenry, Stephenson, Warren, and Winnebago •WI:Barron, Chippewa, Columbia, Dane, Dodge, Iowa, Lincoln, Milwaukee, Oneida, Ozaukee, Price, Racine, Rusk, Sauk, Taylor, Washington, and Waukesha - See Details

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Reviews (1)

Terrible Service, Would Not Recommend

Terrible service - online, in person, over the phone. After setting up my account, I didn't receive my debit card in the mail for 2 weeks, and then had to wait another week to receive my pin number. Then teller services couldn't activate my card. I couldn't set up online banking because they had entered my personal information wrong and misspelled "". I've banked with multiple other credit unions and never had a single problem. I will be switching as soon as they let me access my card and money again. Would not recommend this credit union to anyone.


Data for Q1 2014

Institution Health


Texas Ratio


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 Heritage Credit Union had $1.59 million in non-current loans and owned real-estate with $34.34 million in equity and loan loss allowances on hand to cover it. This gives Heritage Credit Union a Texas Ratio of 4.63% 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 decreased dramatically from 7.57% as of March 31, 2013 to 4.63% as of March 31, 2014, resulting in a positive change of 38.81%.This indicates that the balance sheet and financial strength for Heritage Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Heritage Credit Union has increased its total deposits by $28.96 million, resulting in 14.47% 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 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. Heritage Credit Union has $264.34 million in assets with $34.34 million in equity, resulting in a capitalization level of 12.99%, which is excellent.

Institution Statistics

NCUA #68385
Year Chartered1978
Primary Regulator
Assets and Liabilities
Assets$264.34 million
Loans$186.96 million
Deposits$229.16 million
Equity Capital$33.10 million
Loan Loss Allowance$1.24 million
Unbacked Noncurrent Loans$1.29 million
Real Estate Owned$305,000
Historic Data - March 2013
Assets$230.95 million
Equity Capital$28.91 million
Loan Loss Allowance$1.43 million
Unbacked Noncurrent Loans$1.29 million
Real Estate Owned$281,000
Profit Margin - Quarterly
Return on Assets0.35%
Return on Equity2.8%
Interest Income$2.21 million
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Heritage Credit Union Checking Account Rates

2.05%-$18kGo Go Green Checking - Qualifying
0.15%--True Blue Checking
0.05%--Go Go Green Checking - Non Qualifying
0.05%$2,500-Free 50 Checking

Heritage Credit Union CD Rates

1.00%$1k-36 Month Share Certificate Special
0.80%$5k-20 Month Share Certificate Special

Heritage Credit Union has 13 locations. Click to view all Heritage Credit Union locations.