Overview / Commentary
Heritage South Credit Union is headquartered in Sylacauga and is the 30th largest credit union in the state of Alabama. It is also the 1,320th largest credit union in the nation. It was established in 1937 and as of June of 2024, it had grown to 60 employees and 15,664 members at 7 locations. Heritage South Credit Union has an A health rating.
Field of Membership Restrictions
Heritage South Credit Union of Alabama is open to those 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, or Tallapoosa.
See current membership details
Health
A
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68586 |
| Year Chartered | 1937 |
| Employees | 60 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.31% |
| Return on Equity - YTD | 3.91% |
| Annual Interest Income | $4.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $184.6MM$173.3MM |
| Loans | Q2 2024vs Q2 2023 | $131.4MM$127MM |
| Deposits | Q2 2024vs Q2 2023 | $169.4MM$153.2MM |
| Equity Capital | Q2 2024vs Q2 2023 | $14.6MM$13.7MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $710K$862K |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $368K$399K |
| Real Estate Owned | Q2 2024vs Q2 2023 | $118K$198K |