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Grand Heritage Credit Union

Overview
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Grand Heritage Credit Union is a federal credit union based in Laporte, Indiana. It has been opened since 1955, for 65 years.

With around $16,240,000 in assets, Grand Heritage Credit Union is considered to be a medium size credit union. It has 3 branches and 1 ATM locations.

About
Address 201 Koomler Drive
Laporte, Indiana 46350
Website http://ghfcu.com
Phone (219) 324-5220
Fax (219) 324-5814
CEO Sharon Heniser
President of the Board Ronald Padgett
Services Offered
Map
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Score Card
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65 years
Years in business
Opened in 1955
Well Capitalized
Net worth classification
Source: NCUA
2,217 members
Membership type: Community credit union
Below average number of members
370:1
Credit union member to staff ratio
370 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$16,244,588
Total assets
Below average
3 branches
Compared with an average of 4 nationally and 3 in Indiana
Above average number of branches
0.07%
Savings interest rate
Compared to 0.3% nationally
9.95%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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3 branches
Compared with an average of 4 nationally and 3 in Indiana
Above average number of branches
Grand Heritage Credit Union Branch Locations
Members
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2,217 members
Membership type: Community credit union
Below average number of members

With 2,217 members, the Grand Heritage Credit Union is considered to be a small credit union. It is smaller than 62% of credit unions.

Fees
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$45
Average fee per member
The average fee per member at the Grand Heritage Credit Union is $45, which is comparable to most credit unions. This rate is lower than 53% of all credit unions.
Fees are average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Grand Heritage Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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370:1
Credit union member to staff ratio
370 per each FTE employee
Compared to 411:1 nationally
Average number of staff
6 staff members
FTE (full-time equivalent)
29% of employees are part-time
5 full-time, 2 part-time

Grand Heritage Credit Union has 5 full-time staff members and 2 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 71% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Grand Heritage Credit Union has around 370 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
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$16,244,588
Total assets
Below average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
7.5%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$5,366
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 88% of credit unions.

Grand Heritage Credit Union holds a total of $5,830,000 in loans and leases, which is about $5,366 per member on average.

Savings interest rate
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0.07%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Grand Heritage Credit Union pays 0.07%.

Loan rates
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9.95%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
12.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
3.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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2.79%
New car loan rate
Compared to 4.0% nationally
3.29%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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7.25%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.29%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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