2024 Overview
General Credit Union Information
Heritage is an NCUA insured institution located in Newburgh, IN. It was founded in 1965 and has approximately $942.6 millions in assets.
Who can join?
Heritage Federal Credit Union is a community-chartered credit union, meaning there are many ways to qualify for membership.
If you live, work, worship or attend school in Vanderburgh or Warrick County in Indiana, you qualify for membership.
If you are an immediate family member of someone who meets the above criteria or someone who is already an HFCU member, you qualify.
If you share the same household as someone (not necessarily a family member) who qualifies for HFCU membership, you will also qualify.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 16626 |
| Date Established | 1965 |
| Assets | $942.60 million |
| Loans | $685.54 million |
| Deposits | $783.97 million |
| Capital | $107.20 million |
Field of Membership Restrictions
Membership is open to those who live in Warrick, Vanderburgh and Posey Counties in Indiana and Henderson County in Kentucky.
Deposit Rates - April 26, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| SAV
|
0.05% | $100 | $9,999 |
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|
| Primary Share
|
0.10% | $10,000 | $24,999 |
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|
| Primary Share
|
0.15% | $25,000 | - |
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|
| Prime Performance
|
0.20% | $50,000 | $99,999 |
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|
| Prime Performance
|
0.25% | $100,000 | $199,999 |
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|
| Prime Performance
|
0.30% | $200,000 | $249,999 |
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|
| Prime Performance
|
0.75% | $250,000 | $324,999 |
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|
| Prime Performance
|
1.25% | $325,000 | $499,999 |
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|
| Prime Performance
|
1.75% | $500,000 | $749,999 |
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|
| Prime Performance
|
2.25% | $750,000 | - |
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|
|
Money Market
|
0.15% | $1,000 | $9,999 |
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|
|
Money Market
|
0.20% | $10,000 | $24,999 |
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|
|
Money Market
|
0.25% | $25,000 | $49,999 |
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|
|
Money Market
|
0.25% | $50,000 | $99,999 |
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|
|
Money Market
|
0.25% | $100,000 | $249,999 |
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|
|
Money Market
|
0.75% | $250,000 | $324,999 |
Learn More
|
|
Money Market
|
1.25% | $325,000 | $499,999 |
Learn More
|
|
Money Market
|
1.75% | $500,000 | $749,999 |
Learn More
|
|
Money Market
|
2.25% | $750,000 | - |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
5.25% | $2,500 | - |
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|
| 10 Month Special
|
6.00% | $500 | - |
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|
| 12 Mo CD
|
2.00% | $500 | - |
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|
| 18 Mo CD
|
2.10% | $500 | - |
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|
| 24 Mo CD
|
2.25% | $500 | - |
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|
| 30 Mo CD
|
2.25% | $500 | - |
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|
| 36 Mo CD
|
2.50% | $500 | - |
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|
| 48 Mo CD
|
2.50% | $500 | - |
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|
| 60 Mo CD
|
2.50% | $500 | - |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| VIRA
|
0.30% | $0 | - | Learn More |
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| INTCK
|
0.05% | $500 | - | Learn More |
Loan Rates - April 26, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for 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 |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 401822 |
6.944% | 6.750% | 1.00 | $6,400 | $2,076 | Learn More |
NMLS ID: 2059741 |
7.018% | 6.875% | 0.88 | $4,672 | $2,103 | Learn More |
NMLS ID: 3030 |
7.476% | 7.375% | 1.00 | $3,200 | $2,211 | Learn More |
NMLS ID: Not a Lender |
Learn More |
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 |
Learn More
More Info |
Note to Heritage
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Branches
Below are 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
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
Heritage Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of 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
| Heritage | U.S. Average |
|---|---|
| 4.82% | 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, Heritage had $5,002,336 in non-current loans and $373,248 in owned assets. To cover these potential losses it had $107,195,189 in net worth and $4,230,250 in loans loss reserves. That gives it a Texas Ratio of 4.82%.
Net Worth
| Heritage | U.S. Average |
|---|---|
| 11.36% | 13.62% |
Heritage FCU has a net worth of 11.36% 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 Heritage
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