Heartland Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 370665733 ✦ Springfield, IL ✦ Designated as a 501(c)(14)

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Overview

What is Heartland Credit Union?

Heartland Credit Union is a member-focused financial institution dedicated to helping individuals manage their financial health. Based on the provided information, they offer a range of services including loans and savings accounts, all delivered in a welcoming and professional manner. The organization's mission is to enhance the lives of its members by providing these financial solutions. With a friendly approach, Heartland Credit Union aims to improve the financial well-being of its community.


Official website here: www.hcu.org

Is Heartland Credit Union legitimate?

Heartland Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Heartland Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $988,431
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,067,714

For more financial information, click here


Official website here: www.hcu.org

What is the mission statement of Heartland Credit Union?

Heartland Credit Union is dedicated to helping its members manage their financial well-being. Through the provision of loans, savings accounts, and other financial services, the credit union aims to make a positive impact on its members' lives. The friendly and professional approach of the credit union sets it apart, ensuring that members receive the support they need to effectively manage their finances. The mission of Heartland Credit Union is to enhance the financial lives of its members.


Official website here: www.hcu.org

Who is the CEO of Heartland Credit Union?

Thomas Lex is the President/Ceo of Heartland Credit Union. The CEO's salary of Heartland Credit Union is $346,796 and their total compensation is $407,407.


Official website here: www.hcu.org

What is the revenue of Heartland Credit Union?

Heartland Credit Union's revenue in 2022 was $18,718,178.


Official website here: www.hcu.org

Who are the executives of Heartland Credit Union and what are their salaries?

The average compensation at Heartland Credit Union during 2022 was $47,254. There are 107 employees and 8 volunteers at Heartland Credit Union.


Here are 17 key members and their salaries (Heartland Credit Union's CEO's salary is $346,796 and their total compensation is $407,407):


Thomas Lex (President/Ceo)
  • Compensation: $346,796
  • Related: $0
  • Other: $60,611
David Bretz (Chief Financial Officer)
  • Compensation: $185,477
  • Related: $0
  • Other: $38,205
Katie Patsche (Chief Operating Officer)
  • Compensation: $141,612
  • Related: $0
  • Other: $40,036
Timothy Torricelli (Mortgage Loan Officer)
  • Compensation: $166,604
  • Related: $0
  • Other: $14,036
Corie Johnston (Chief Administrative Officer)
  • Compensation: $142,723
  • Related: $0
  • Other: $33,002
Kristen Anello (Vp Of Information Systems)
  • Compensation: $129,247
  • Related: $0
  • Other: $26,594
Cris Lust (Vp Of Mortgage Lending)
  • Compensation: $119,821
  • Related: $0
  • Other: $27,466
Tate Hartman (Certified Financial Planner)
  • Compensation: $109,239
  • Related: $0
  • Other: $16,619
Elana Fiscus (Vp Of Accounting)
  • Compensation: $108,111
  • Related: $0
  • Other: $15,311
Mike Workman (Chairperson)
  • Compensation: $2,789
  • Related: $0
  • Other: $0
Amy Oakes (Board Member)
  • Compensation: $2,113
  • Related: $0
  • Other: $0
Brett Jackson (Board Member)
  • Compensation: $1,367
  • Related: $0
  • Other: $0
Jane Kiel (Vice Chairperson)
  • Compensation: $1,354
  • Related: $0
  • Other: $0
Steve Trutter (Chairperson)
  • Compensation: $1,232
  • Related: $0
  • Other: $0
Richard Sgro (Board Member)
  • Compensation: $847
  • Related: $0
  • Other: $0
Jay Boor (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Davlin (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.hcu.org

Where can I find the form 990 for Heartland Credit Union?

Heartland Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.hcu.org

Learn more at the official website: www.hcu.org

Mission Statement of Heartland Credit Union

Heartland Credit Union, a financial institution dedicated to its members, strives to enhance their financial lives through effective money management. By offering a range of financial services, including loans and savings accounts, Heartland Credit Union provides the tools necessary for its members to take control of their finances. The organization's mission is driven by a commitment to delivering services in a friendly and professional manner.

Heartland Credit Union's primary goal is to help its members manage their financial well-being. Through the provision of various financial services, the credit union empowers its members to make informed decisions about their money and ultimately, improve their lives. The institution's team of financial professionals is dedicated to ensuring that each member receives personalized attention and guidance, fostering a supportive and inclusive environment.

In summary, Heartland Credit Union is an essential resource for its members, offering them the necessary financial services and expertise to effectively manage their money and secure a better future. With a focus on friendly and professional interactions, the credit union is more than just a financial institution—it's a partner in helping its members achieve their financial goals.

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Impact




October, 2024

Heartland Credit Union significantly impacts its community by enhancing the financial well-being of its members. By offering a range of services such as loans, savings accounts, and personalized financial assistance, the organization empowers individuals to manage their finances effectively. The commitment to providing these services in a friendly and professional manner fosters a supportive environment that encourages financial literacy and responsibility.

Located in Springfield, IL, Heartland Credit Union plays a vital role in improving the lives of its members, ensuring they have access to the necessary resources to achieve their financial goals. Through its focus on community benefit, the credit union not only meets the immediate financial needs of its members but also contributes to the overall economic health of the region.




This information is meant to be a general summary of Heartland Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$18,718,178 (2022)
Expenses
$12,506,751 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,860,568
  • Program Service Revenue: $16,857,610
  • Gross Receipts: $18,718,178

Assets and Liabilities:

  • Total Assets: $436,851,112
  • Total Liabilities: $387,925,229
  • Net Assets: $48,925,883

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Interest on loans

Revenue

$10,874,144

Fees and charges

Revenue

$4,464,616

Organization Details

Founding Year

1946

Principal Officer

Thomas Lex

Main Address

2213 west white oaks drive, springfield, IL, 62704

NTEE Category

Code: W60 - Public benefit

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