Overview
What is Iowa Heartland Credit Union?
Iowa Heartland Credit Union is a nonprofit financial institution based in Mason City, Iowa. With a primary purpose of promoting thrift and providing credit at reasonable rates, the organization serves around 3,232 members. They offer various financial services, including savings, checking accounts, and loans. The credit union also manages approximately 930 checking accounts, handling transactions, reordering expired cards, processing check orders, issuing credit bureau reports, and offering overdraft protection. The organization employs a team of nine individuals to ensure these services run smoothly.
Official website here: www.iowaheartland.org
Is Iowa Heartland Credit Union legitimate?
Iowa Heartland Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Iowa 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: $91,276
Professional Fundraising Fees: $0
Other Salaries and Wages: $193,933
For more financial information, click here
Official website here: www.iowaheartland.org
What is the mission statement of Iowa Heartland Credit Union?
Iowa Heartland Credit Union operates with the primary goal of promoting thrift and providing credit at reasonable rates to its members. This financial institution offers various financial services beyond loans and savings and checking accounts, including overdraft protection and credit bureau reports. Its mission is to serve its members effectively, managing their checking accounts, issuing new debit cards, processing check orders, and offering credit bureau reports. The credit union caters to approximately 3,232 members, providing them with these essential financial services.
Official website here: www.iowaheartland.org
Who is the CEO of Iowa Heartland Credit Union?
Cindy Stephenson is the Chairperson of Iowa Heartland Credit Union. The CEO's salary of Iowa Heartland Credit Union is $71,691 and their total compensation is $91,276.
Official website here: www.iowaheartland.org
What is the revenue of Iowa Heartland Credit Union?
Iowa Heartland Credit Union's revenue in 2022 was $880,338.
Official website here: www.iowaheartland.org
Who are the executives of Iowa Heartland Credit Union and what are their salaries?
The average compensation at Iowa Heartland Credit Union during 2022 was $31,690. There are 9 employees at Iowa Heartland Credit Union.
Here are 12 key members and their salaries (Iowa Heartland Credit Union's CEO's salary is $71,691 and their total compensation is $91,276):
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- Compensation: $71,691
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- Other: $19,585
Official website here: www.iowaheartland.org
Where can I find the form 990 for Iowa Heartland Credit Union?
Iowa Heartland Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.iowaheartland.org
Learn more at the official website: www.iowaheartland.org
Mission Statement of Iowa Heartland Credit Union
Iowa Heartland Credit Union, as an organization, operates with a primary focus on promoting thrift among its members. It achieves this by providing savings and checking accounts, in addition to offering credit at reasonable rates. The credit union's mission extends beyond basic financial services. It aims to cater to the financial needs of its members by offering various financial products and services.
Iowa Heartland Credit Union serves approximately 3,232 members, providing them with essential banking services. One of its key programs is the checking/debit card program. This service allows members to manage their finances efficiently by posting transactions to respective accounts, reordering expiring cards, processing check orders, and offering overdraft protection. Furthermore, the credit union issues credit bureau reports, providing members with valuable information about their financial standing.
In summary, Iowa Heartland Credit Union operates with a mission to promote thrift among its members. It provides a range of financial services, including savings and checking accounts, and credit at reasonable rates. The credit union's checking/debit card program is a crucial component of its services, offering members convenient and secure ways to manage their finances.
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Impact
October, 2024
Iowa Heartland Credit Union plays a significant role in its community by providing essential financial services that promote thrift and responsible borrowing. With approximately 3,232 members, the organization offers a variety of products including loans, savings accounts, and checking accounts. Their checking and debit card program, which services around 930 checking accounts, facilitates everyday financial transactions by managing account postings, processing check orders, issuing credit bureau reports, and offering overdraft protection.
By focusing on providing credit at reasonable rates, Iowa Heartland Credit Union supports its members' financial wellness, helping them to build savings and access necessary funds. These services not only empower individuals but also contribute to the broader economic stability of the Mason City area in Iowa. The commitment to enhancing financial literacy and responsible banking practices underscores the credit union's positive impact on its community.
This information is meant to be a general summary of Iowa 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $222,050
- Program Service Revenue: $554,446
- Gross Receipts: $880,338
Assets and Liabilities:
- Total Assets: $29,358,814
- Total Liabilities: $24,640,688
- Net Assets: $4,718,126
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$554,446
Organization Details
Founding Year
1932
Phone
(641) 424-5391Principal Officer
Cindy Stephenson
Main Address
PO BOX 896, MASON CITY, IA, 50401
Website
www.iowaheartland.orgNTEE Category
Code: W60 - Public benefit
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