HERITAGE GROVE Credit Union Profile

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HERITAGE GROVE

Charter #16113 | NCUA Region 3 | FCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (503) 588-0211

Fax: (503) 371-7323

Founding Date: N/A

Website: http://www.ourgrovecu.com

Personnel & Operations

President: Shearer, Scott

Manager: Mau, James

FT Employees: 30

PT Employees: 0

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 00

Branches: 1

Hours: Office 9:00 a.m. to 5:30 p.m Monday-Frida

Credit Union Profile Summary

HERITAGE GROVE is a FCU Credit Union. With a total of 8,640 members [1], this institution manages approximately $161,684,390 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 11.65% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -0.26% [1].

Financial Snapshot

Total Assets [1]
$161,684,390

Total economic resources.

Total Loans [1]
$101,814,310

Total value of outstanding loans.

Total Deposits [1]
$142,289,193

Total funds deposited by members.

Members [1]
8,640

Number of active members.

Performance Ratios

Net Worth Ratio [1]
11.65%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
0.44%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
71.55%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↑ 6.59%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↓ -0.26%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↓ -3.00%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

631 Winter St NE

Salem, OR, 97301
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

Rate This Credit Union

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Branch Locations

Found 1 branches reported by HERITAGE GROVE (Charter #16113).

Main Office

Heritage Grove FCU - 631 Winter St Main Office

Type: Corporate Office

631 Winter St NE

Salem, OR 97301

Phone: (503) 588-0211

Services: Member Services, ATM, Drive-Thru

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