Overview
What is Heritage Credit Union?
Heritage Credit Union is a nonprofit cooperative financial institution based in Deforest, Wisconsin. With a mission to promote thrift and provide low-cost loans among its members, the organization operates on a cooperative, non-profit basis for the benefit of its membership. As of 2022, Heritage Credit Union boasted 28,752 members and has the potential to serve 4,245,339 individuals. In 2022, it granted 583 loans. The union simplifies banking and aims to meet the financial needs of its members, saving them time in the process. Their goal is to be a recognized and preferred financial institution in the markets they serve.
Official website here: www.heritagecu.org
Is Heritage Credit Union legitimate?
Heritage Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Heritage 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: $542,896
Professional Fundraising Fees: $0
Other Salaries and Wages: $900,633
For more financial information, click here
Official website here: www.heritagecu.org
What is the mission statement of Heritage Credit Union?
Heritage Credit Union aims to establish itself as an independent, cooperative, and prestigious financial institution in the markets it serves. Its primary goal is to become the preferred destination for families seeking to meet their financial needs, catering to both current and future generations. The credit union's mission is to promote thrift and offer low-cost loans to its members on a cooperative, non-profit basis, benefiting its membership as a whole. In 2022, the organization had a membership of 28,752 members, with the potential to serve 4,245,339 individuals. Last year, Heritage Credit Union granted 583 loans to its members.
Official website here: www.heritagecu.org
Who is the CEO of Heritage Credit Union?
Anita Rauch is the Chief Executive Officer of Heritage Credit Union. The CEO's salary of Heritage Credit Union is $493,004 and their total compensation is $518,409.
Official website here: www.heritagecu.org
What is the revenue of Heritage Credit Union?
Heritage Credit Union's revenue in 2022 was $2,753,323.
Official website here: www.heritagecu.org
Who are the executives of Heritage Credit Union and what are their salaries?
There 6 volunteers at Heritage Credit Union.
Here are 8 key members and their salaries (Heritage Credit Union's CEO's salary is $493,004 and their total compensation is $518,409):
- Compensation: $493,004
- Related: $0
- Other: $25,405
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $20,210
- Related: $0
- Other: $4,279
Official website here: www.heritagecu.org
Where can I find the form 990 for Heritage Credit Union?
Heritage Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.heritagecu.org
Learn more at the official website: www.heritagecu.org
Mission Statement of Heritage Credit Union
Heritage Credit Union is committed to making banking simpler and addressing the financial needs of its members, saving them valuable time. As an independent, cooperative financial institution, Heritage Credit Union aims to establish a strong brand recognition in the markets it serves. The organization serves as the preferred destination for families seeking to meet their financial needs, both current and future generations. Its mission is to promote thrift and provide affordable loans among its members on a cooperative, non-profit basis, benefiting the membership collectively. With over 28,752 members at the end of 2022 and over 4 million potential members, Heritage Credit Union granted 583 loans in 2022, demonstrating its commitment towards its members' financial well-being.
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Impact
October, 2024
Heritage Credit Union plays a significant role in promoting thrifty banking practices and meeting the diverse financial needs of its community. By simplifying banking processes, it provides its members with efficient services that save them time and enhance their financial well-being. With a membership of 28,752 at the end of 2022, the union supports a cooperative model that focuses on the collective benefits of its members.
In 2022 alone, Heritage Credit Union issued 583 loans, contributing to the economic growth and stability of its members. Their mission is clear: to be a premier financial institution where families feel comfortable seeking assistance for their financial needs, not just now but for generations to come. As a recognized brand in the markets they serve, Heritage Credit Union continues to expand its reach, with potential membership opportunities for 4,245,339 people. The impact of Heritage Credit Union is evident in its commitment to providing low-cost loans and fostering financial literacy, ultimately benefiting the entire community.
This information is meant to be a general summary of Heritage 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$73,396
- Program Service Revenue: $2,824,041
- Gross Receipts: $2,921,263
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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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
$2,087,739
FEE INCOME
Revenue
$536,522
COMMISSION INCOME
Revenue
$199,780
Organization Details
Founding Year
1934
Phone
(608) 241-2191Principal Officer
Anita Rauch
Main Address
4617 LIUNA WAY, DEFOREST, WI, 53532
Website
www.heritagecu.orgNTEE Category
Code: W60 - Public benefit
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