First Heritage Federal Credit Union is headquartered in Painted Post and is the 28th largest credit union in the state of New York. It is also the 587th largest credit union in the nation. It was established in 1954 and as of June of 2020, it had grown to 114 employees and 43,961 members at 11 locations. First Heritage Federal Credit Union's money market rates are 48% higher than the national average, and it boasts an A+ health rating.
Field of Membership Restrictions
First Heritage Federal Credit Union offers membership to those who live, work, worship, or attend school in Chemung or Steuben Counties, New York or Tioga County, Pennsylvania.
See current membership details
A great place to bank - First Heritage Credit Union
I have been banking with First Heritage Credit Union since I was a young child. My first checking account was opened up by my parents, and since then I have used First Heritage for many of my other banking needs including opening a savings account, a CD account, and my first credit card. One of the best things about First Heritage is the friendly customer service and the ability to do a lot of different kinds of things. In my rural county, we have a local office right in my hometown, which is super convenient. I know all the tellers and they know me. I love having that personal feel in my banking. I have tried other corporate banks in the past but it's not the same. No where else have I found such attention to detail to my needs while at the same time offering me that small town feel.
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 9604 |
| Year Chartered | 1954 |
| Employees | 114 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.32% |
| Return on Equity - YTD | 2.82% |
| Annual Interest Income | $8.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $555.2MM$488.8MM |
| Loans | Q2 2020vs Q2 2019 | $363.2MM$319.0MM |
| Deposits | Q2 2020vs Q2 2019 | $491.4MM$429.4MM |
| Equity Capital | Q2 2020vs Q2 2019 | $60.1MM$55.7MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $2.5MM$2.3MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $1.0MM$653.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $104.00K$0 |
