Institution Statistics
| HERITAGE | | NCUA # | 68385 | | BankRate Report | View | | Year Established | 1978 | | Employees | 74 | | Primary Regulator | |
Assets and Liabilities | | Assets | $219.20 million | | Loans | $156.81 million | | Deposits | $182.31 million | | Equity Capital | $27.36 million | | Loan Loss Allowance | $2.19 million | | Unbacked Noncurrent Loans | $2.11 million | | Real Estate Owned | $641,000 |
Historic Data - September 2010 | | Assets | $168.54 million | | Equity Capital | $21.90 million | | Loan Loss Allowance | $828,000 | | Unbacked Noncurrent Loans | $1.70 million | | Real Estate Owned | $316,000 |
Profit Margin - Quarterly | | Net Interest Margin | 3.75% | | Return on Assets | 0.9% | | Return on Equity | 7.2% | | Interest Income | $7.23 million | | Non-Interest Income | $2.56 million |
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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 September 30, 2011 Heritage Credit Union had $2.75 million in non-current loans and owned real-estate with $29.55 million in equity and loan loss allowances on hand to cover it. This gives Heritage Credit Union a Texas Ratio of 9.31% which is above average. 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 held steady from 8.89% as of September 30, 2010 to 9.31% as of September 30, 2011, resulting in a negative change of 4.75%. This indicates that the balance sheet and financial strength for Heritage Credit Union has held steady in recent periods. | | Deposit Growth |  | | In the past year, Heritage Credit Union has increased its total deposits by $50.26 million, resulting in 38.06% 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. | | 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 has $219.2 million in assets with $29.55 million in equity, resulting in a capitalization level of 13.48%, which is excellent. |
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