Overview / Commentary
Heritage Financial Credit Union is headquartered in Middletown and is the 29th largest credit union in the state of New York. It is also the 618th largest credit union in the nation. It was established in 1940 and as of June of 2023, it had grown to 138 employees and 48,841 members at 12 locations. Heritage Financial Credit Union has a B+ health rating.
Field of Membership Restrictions
Heritage Financial Credit Union is open to those who live, work, worship, attend school, or volunteer in the New York counties of Dutchess, Orange, Ulster, Rockland, Sullivan, Pike, or Sussex.
See current membership details
Health
B+
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68711 |
| Year Chartered | 1940 |
| Employees | 138 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.82% |
| Return on Equity - YTD | 10.72% |
| Annual Interest Income | $13.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $655.7MM$589.3MM |
| Loans | Q2 2023vs Q2 2022 | $521.1MM$435.6MM |
| Deposits | Q2 2023vs Q2 2022 | $530.4MM$501.5MM |
| Equity Capital | Q2 2023vs Q2 2022 | $49.2MM$45.7MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$3.0MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $1.9MM$1.3MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
