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Heritage Trust Credit Union

Overview
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Heritage Trust Credit Union is a federal credit union based in Charleston, South Carolina. It has been opened since 1955, for 65 years.

With around $624,160,000 in assets, Heritage Trust Credit Union is considered to be a very large credit union.

About
Address Po Box 118000
Charleston, South Carolina 29423
Website http://www.htfcu.org
Phone (843) 832-2600
Fax (843) 832-2649
CEO James H. Mcdaniel
President of the Board Troy Draughn
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
49,280 members
Membership type: Multiple common bond – primary military
Above average number of members
257:1
Credit union member to staff ratio
257 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$624,163,442
Total assets
Above average
16 branches
Compared with an average of 4 nationally and 4 in South Carolina
Above average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
11.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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16 branches
Compared with an average of 4 nationally and 4 in South Carolina
Above average number of branches
Heritage Trust Credit Union Branch Locations

Heritage Trust Credit Union: Stall High School Branch
3625 Ashley Phosphate Road
N. Charleston, South Carolina 29418
No ATM
Heritage Trust Credit Union: Park West
1129 Park West Boulevard
Mount Pleasant, South Carolina 29466
No ATM
Heritage Trust Credit Union: Summerville
210 Marymeade Drive
Summerville, South Carolina 29483
No ATM
Heritage Trust Credit Union: Walterboro
814 North Jefferies Boulevard
Walterboro, South Carolina 29488
No ATM
Heritage Trust Credit Union: Oakbrook
1905 Old Trolley Road
Summerville, South Carolina 29485
No ATM
Heritage Trust Credit Union: Goose Creek
201 Saint James Avenue
Goose Creek, South Carolina 29445
No ATM
Heritage Trust Credit Union: James Island
766 Daniel Ellis Drive
Charleston, South Carolina 29412
No ATM
Heritage Trust Credit Union: Dorchester
8435 Dorchester Road
N. Charleston, South Carolina 29420
No ATM
Heritage Trust Credit Union: West Ashley
2030 Sam Rittenberg Boulevard
Charleston, South Carolina 29407
No ATM
Heritage Trust Credit Union: Rivers
7550 Rivers Avenue
North Charleston, South Carolina 29406
No ATM
Heritage Trust Credit Union: Moncks Corner
206 E. Main Street
Moncks Corner, South Carolina 29461
No ATM
Heritage Trust Credit Union: Corporate
200 Marymeade Drive
Summerville, South Carolina 29483
No ATM
Heritage Trust Credit Union: Mount Pleasant
847 Coleman Boulevard
Mount Pleasant, South Carolina 29464
No ATM
Heritage Trust Credit Union: Base
2375 White Circle
Charleston Afb, South Carolina 29404
No ATM
Members
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49,280 members
Membership type: Multiple common bond – primary military
Above average number of members

With 49,280 members, the Heritage Trust Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 91% of credit unions.

Fees
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$126
Average fee per member
The average fee per member at the Heritage Trust Credit Union is $126, which is very high compared to most credit unions. This rate is higher than 92% of all credit unions.
Fees are higher than 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 Heritage Trust Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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257:1
Credit union member to staff ratio
257 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
192 staff members
FTE (full-time equivalent)
4% of employees are part-time
188 full-time, 7 part-time

Heritage Trust Credit Union has 188 full-time staff members and 7 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 96% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Heritage Trust Credit Union has around 257 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.

Assets
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$624,163,442
Total assets
Above 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.
9.6%
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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$17,938
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 88% of credit unions.

Heritage Trust Credit Union holds a total of $464,250,000 in loans and leases, which is about $17,938 per member on average.

Savings interest rate
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0.10%
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. Heritage Trust Credit Union pays 0.10%.

Loan rates
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11.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
10.52%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
6.66%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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2.73%
New car loan rate
Compared to 4.0% nationally
4.37%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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6.32%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.34%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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