First Heritage Federal Credit Union
Headquarters
202 Dension Pkwy E
Corning, NY 14830
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2024 Overview
General Credit Union Information
First Heritage is an NCUA insured institution located in Corning, NY. It was founded in 1954 and has approximately $701.12 millions in assets.
Who can join?
Persons who live, work, worship or attend school in the three county community, comprised of Steuben and Chemung Counties, New York and Tioga County, Pennsylvania, as well as their immediate family members*, and also including businesses and other legal entities located in the proposed community.
*Immediate Family Member is defined as spouse, sibling, children, parent, grandparent, or grandchild. For the purposes of this definition, immediate family member includes stepparent, stepchildren, stepsiblings, and adoptive relationships.
Household is defined as persons living in the same residence maintaining a single economic unit. Membership eligibility is extended only to individuals who are members of an immediate family or household of an eligible credit union member.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 9604 |
| Date Established | 1954 |
| Assets | $701.12 million |
| Loans | $525.37 million |
| Deposits | $624.48 million |
| Capital | $73.71 million |
Field of Membership Restrictions
Must live, work, worship or attend school in Chemung or Steuben County, New York or Tioga County, Pennsylvania.
Deposit Rates - April 20, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.10% | $2,500 | $4,999 |
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|
|
Money Market
|
0.15% | $2,500 | $2,999 |
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|
|
Money Market
|
0.15% | $10,000 | $14,999 |
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|
|
Money Market
|
0.15% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.45% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.45% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.65% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.90% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.95% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
1.16% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
1.16% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
1.36% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
1.36% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.51% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.51% | $100,000 | $199,999 |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Var IRA
|
0.50% | $1 | $499 | Learn More |
Loan Rates - April 20, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for First Heritage
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
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|---|---|---|---|---|---|---|
NMLS ID: 401822 |
6.818% | 6.625% | 1.00 | $6,400 | $2,049 | Learn More |
NMLS ID: 2059741 |
6.994% | 6.875% | 0.63 | $3,901 | $2,103 | Learn More |
NMLS ID: 3030 |
7.451% | 7.375% | 0.75 | $2,400 | $2,211 | Learn More |
NMLS ID: 1907 |
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Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
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More Info |
Note to First Heritage
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Branches
Below are First Heritage branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
FIRST HERITAGE is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
First Heritage Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of First Heritage. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| First Heritage | U.S. Average |
|---|---|
| 4.91% | 6.97 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of December 31, 2023, First Heritage had $3,661,755 in non-current loans and $150,000 in owned assets. To cover these potential losses it had $73,709,460 in net worth and $3,996,794 in loans loss reserves. That gives it a Texas Ratio of 4.91%.
Net Worth
| First Heritage | U.S. Average |
|---|---|
| 10.58% | 13.62% |
First Heritage FCU has a net worth of 10.58% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for First Heritage
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