Overview / Commentary
Heritage Usa Federal Credit Union is headquartered in Midland and is the 174th largest credit union in the state of Texas. It is also the 2,240th largest credit union in the nation. It was established in 1949 and as of December of 2019, it had grown to 17 employees and 5,855 members at 2 locations. Heritage Usa Federal Credit Union has a B health rating.
Field of Membership Restrictions
Must live, work, worship or attend school in Midland or Ector County.
See current membership details
Health
B
Data as of Q4 2019
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Heritage Usa Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 6434 |
| Year Chartered | 1949 |
| Employees | 17 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.42% |
| Return on Equity - YTD | 14.69% |
| Annual Interest Income | $2.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $54.9MM$55.1MM |
| Loans | Q4 2019vs Q4 2018 | $44.7MM$41.9MM |
| Deposits | Q4 2019vs Q4 2018 | $49.2MM$50.2MM |
| Equity Capital | Q4 2019vs Q4 2018 | $5.3MM$4.5MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $422.00K$241.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $357.00K$333.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |