Overview / Commentary
Heritage South Credit Union is headquartered in Sylacauga and is the 29th largest credit union in the state of Alabama. It is also the 1,367th largest credit union in the nation. It was established in 1937 and as of September of 2022, it had grown to 52 employees and 14,813 members at 5 locations. Heritage South Credit Union has a B+ health rating.
Field of Membership Restrictions
Heritage South Credit Union of Alabama is open to individuals who live, work, worship, or attend school in the Alabama counties of Calhoun, Chambers, Clay, Cleburne, Chilton, Coosa, Elmore, Talladega, Jefferson, Lee, Randolph, St. Clair, Shelby, and Tallapoosa.
See current membership details
Health
B+
Data as of Q3 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68586 |
| Year Chartered | 1937 |
| Employees | 52 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.61% |
| Return on Equity - YTD | 8.56% |
| Annual Interest Income | $4.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $173.6MM$175.2MM |
| Loans | Q3 2022vs Q3 2021 | $116.8MM$107.0MM |
| Deposits | Q3 2022vs Q3 2021 | $159.7MM$160.5MM |
| Equity Capital | Q3 2022vs Q3 2021 | $12.4MM$13.2MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $676.00K$652.00K |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $505.00K$611.00K |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$98.00K |