Heartland Credit Union

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

EIN: 410845601 ✦ Inver grove heights, MN ✦ Designated as a 501(c)(14)

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Overview

What is Heartland Credit Union?

Heartland Credit Union is a nonprofit organization situated in Inver Grove Heights, Minnesota, with a specific address at 5500 South Robert Trail, 55077. The credit union serves approximately 11,086 members, offering them a variety of deposit accounts. Heartland Credit Union's mission is to help its members make the most of their money. They achieve this by managing and distributing dividends and interest on these accounts. The credit union has a workforce of 42 individuals dedicated to this purpose.


Official website here: www.heartlandcu.com

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: $908,920
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,155,302

For more financial information, click here


Official website here: www.heartlandcu.com

What is the mission statement of Heartland Credit Union?

Heartland Credit Union's mission is centered around serving its members. Its primary objective is to help members maximize the value from their financial resources. This is achieved through the provision of various deposit accounts, on which dividends and interest are paid. The credit union's activities are geared towards fostering financial growth and prosperity for its members.


Official website here: www.heartlandcu.com

Who is the CEO of Heartland Credit Union?

Kathleen Harrington is the Board Chair of Heartland Credit Union.


Official website here: www.heartlandcu.com

What is the revenue of Heartland Credit Union?

Heartland Credit Union's revenue in 2022 was $6,871,106.


Official website here: www.heartlandcu.com

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

The average compensation at Heartland Credit Union during 2022 was $49,148. There are 42 employees and 12 volunteers at Heartland Credit Union.


Here are 12 key members and their salaries:


Rex Carlson (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gene Traxler (Board Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nanci Lilja (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeremy Hjelm (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dale Lieb (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Seehusen (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kent Zimmer (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathleen Harrington (President)
  • Compensation: $264,345
  • Related: $0
  • Other: $41,129
Tim Hansen (Executive Vice President/Cfo)
  • Compensation: $200,770
  • Related: $0
  • Other: $24,619
Alyssa Karl (Vice President - Marketing)
  • Compensation: $117,114
  • Related: $0
  • Other: $9,917
Brittany Kloetzke (Vp Of Lending)
  • Compensation: $116,007
  • Related: $0
  • Other: $16,036
Nathan Dormody (Vp Of Operations)
  • Compensation: $106,813
  • Related: $0
  • Other: $12,170


Official website here: www.heartlandcu.com

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.heartlandcu.com

Learn more at the official website: www.heartlandcu.com

Mission Statement of Heartland Credit Union

Heartland Credit Union, as a financial institution, is dedicated to assisting its members in maximizing the value of their financial resources. Its primary objective is to help members derive the most benefit from their money. This mission is achieved through the provision of various deposit accounts, where dividends and interest are paid to members. The credit union serves approximately 11,086 members, with approximately 20,907 deposit accounts in its portfolio.

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Impact




October, 2024

Heartland Credit Union plays a vital role in the financial well-being of its community. With approximately 20,907 deposit accounts managed for around 11,086 members, the credit union offers valuable financial services that help individuals and families maximize their savings potential. By providing dividends and interest on these accounts, Heartland Credit Union encourages members to save, invest, and grow their financial resources.

Located in Inver Grove Heights, MN, Heartland Credit Union is dedicated to ensuring that its members benefit the most from their money. Through their commitment to member service and personal finance education, they empower individuals to take control of their financial futures. Their efforts not only enhance the financial literacy of their members but also contribute positively to the overall economic health of the community they serve.




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
$6,871,106 (2022)
Expenses
$5,849,956 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,007,179
  • Program Service Revenue: $5,863,927
  • Gross Receipts: $6,871,106

Assets and Liabilities:

  • Total Assets: $175,100,407
  • Total Liabilities: $164,458,979
  • Net Assets: $10,641,428

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Programs

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

INTEREST INCOME

Revenue

$3,803,505

OTHER INCOME

Revenue

$1,468,141

FEE INCOME

Revenue

$592,281

Organization Details

Founding Year

1939

Principal Officer

Kathleen Harrington

Main Address

5500 SOUTH ROBERT TRAIL, INVER GROVE HEIGHTS, MN, 55077

NTEE Category

Code: W60 - Public benefit

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