Heritage Federal Credit Union is headquartered in Newburgh and is the 14th largest credit union in the state of Indiana. It is also the 459th largest credit union in the nation. It was established in 1965 and as of June of 2023, it had grown to 215 employees and 65,939 members at 17 locations. Heritage Federal Credit Union's money market rates are 5X the national average, and it has a B health rating.
Field of Membership Restrictions
Membership in Heritage Federal Credit Union is open to those who live, work, worship, or attend school in the Indiana counties of Clark, Crawford, Davies, Floyd, Gibson, Harrison, Knox, Perry, Pike, Posey, Spencer, Vanderburgh, or Warrick; the Kentucky counties of Crittenden, Daviess, Hancock, Henderson, Hopkins, McLean, Ohio, Union, or Webster; or the Illinois counties of Gallatin, Hardin, Lawrence, Wabash, or White. Immediate family and household members of a current Heritage Federal Credit Union members are also eligible for membership.
See current membership details
I will never switch!
I have had an account with Heritage Federal Credit Union since I was a kid in school and have stuck by them as a secondary account even when I left Evansville. They have ALWAYS treated me respectfully and have assisted me many times. There have been two times in the last few years where they very much impressed me. I had made rather large purchases, which were definitely made by me. The purchases went through with my debit card just fine, but a member from the bank DID contact me anyway shortly after to ensure that the purchases were accurate because it was unusual activity. There was also a time recently where there was a hold on my account for a purchase that WAS NOT made by me, and a representative took care of it for me very quickly. She actually contacted me back after our initial conversation to let me know that they were looking into it further because it was a strange transaction (just seconds after a purchase that I DID make at the same location). She had the hold removed and I never had the transaction pull from my account. They are an amazing credit union and I will never close my account with them. I recommend them to everyone I know in Evansville.
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 16626 |
| Year Chartered | 1965 |
| Employees | 215 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.79% |
| Return on Equity - YTD | 11.47% |
| Annual Interest Income | $18.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $932.8MM$905.4MM |
| Loans | Q2 2023vs Q2 2022 | $664.6MM$597.4MM |
| Deposits | Q2 2023vs Q2 2022 | $778.4MM$800.8MM |
| Equity Capital | Q2 2023vs Q2 2022 | $64.1MM$63.7MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$3.9MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $1.3MM$4.2MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
