Heritage South Community Cu

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

EIN: 626040478 ✦ Shelbyville, TN ✦ Designated as a 501(c)(14)

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Overview

What is Heritage South Community Cu?

Heritage South Community Credit Union is a nonprofit organization based in Shelbyville, Tennessee. With approximately 32,062 members, they offer a range of financial services, including loans, shares, drafts, and IRAs. Their mission is to serve and support their community by providing these services. The credit union employs a team of 92 individuals to help manage and deliver these offerings.


Official website here: www.heritagesouth.org

What are the reviews and ratings of this charity?

Heritage South Community CU is not currently rated by Charity Navigator. Charity Navigator assesses organizations based on a range of factors, but Heritage South Community CU cannot be rated as it is not registered as a 501(c)(3) nonprofit. This absence of a rating does not reflect positively or negatively on the organization, but rather indicates a limitation in Charity Navigator's evaluation criteria for this entity.

Charity Navigator provides insights primarily on nonprofits registered under 501(c)(3) status, assessing areas like Accountability, Finance, Leadership, Adaptability, and Community Impact. As a non-501(c)(3) entity, Heritage South Community CU falls outside these assessment criteria, leaving gaps in available data on revenue, expenses, and specific financial details.

No user reviews are available on GreatNonprofits, which may otherwise provide firsthand insights from community members and beneficiaries about their experiences with the organization. Overall, without an official rating or public reviews, understanding Heritage South Community CU's impact and efficiency largely relies on internal reports or other data sources.


This AI summary has been generated from information found on Charity Navigator.

Is Heritage South Community Cu legitimate?

Heritage South Community Cu is a legitimate nonprofit organization registered as a 501(c)(14) entity. Heritage South Community Cu 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: $1,022,159
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,019,921

For more financial information, click here


Official website here: www.heritagesouth.org

What is the mission statement of Heritage South Community Cu?

Heritage South Community Credit Union is dedicated to offering financial services to a community of roughly 32,062 members. They provide various financial solutions including loans, shares, drafts, IRAs, and other services. The credit union's mission is centered around serving its members effectively. It exists to facilitate access to financial tools that cater to the diverse financial needs of its members. Through these offerings, Heritage South Community Credit Union aims to contribute to the financial well-being and stability of its community. By prioritizing member satisfaction and delivering reliable financial services, the credit union enhances the financial landscape for those it serves.


Official website here: www.heritagesouth.org

Who is the CEO of Heritage South Community Cu?

Laura Parham is the Ceo of Heritage South Community Cu. The CEO's salary of Heritage South Community Cu is $329,832 and their total compensation is $329,832.


Official website here: www.heritagesouth.org

What is the revenue of Heritage South Community Cu?

Heritage South Community Cu's revenue in 2022 was $17,607,679.


Official website here: www.heritagesouth.org

Who are the executives of Heritage South Community Cu and what are their salaries?

The average compensation at Heritage South Community Cu during 2022 was $54,805. There are 92 employees and 7 volunteers at Heritage South Community Cu.


Here are 13 key members and their salaries (Heritage South Community Cu's CEO's salary is $329,832 and their total compensation is $329,832):


Laura Parham (Ceo)
  • Compensation: $329,832
  • Related: $0
  • Other: $0
David King (Svp - Information Technology)
  • Compensation: $165,057
  • Related: $0
  • Other: $0
Jody Stovall (Cfo)
  • Compensation: $154,637
  • Related: $0
  • Other: $0
Beverly Saylor (Svp - Compliance & Internal Auditor)
  • Compensation: $152,028
  • Related: $0
  • Other: $0
Betty Baker (Vp - Lending)
  • Compensation: $118,584
  • Related: $0
  • Other: $0
Tony Hicks (Director Of Business Lending)
  • Compensation: $102,021
  • Related: $0
  • Other: $0
Ken Malone (Board President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ralph Perryman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Talley Floyd (Board Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry Gordon (Board Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wyatt Burk (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Parker (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Clay Ledford (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.heritagesouth.org

Where can I find the form 990 for Heritage South Community Cu?

Heritage South Community Cu's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.heritagesouth.org

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

Mission Statement of Heritage South Community Cu

Heritage South Community Credit Union, with a membership of approximately 32,062 individuals, is dedicated to offering a range of financial services. The credit union provides its members with loans, shares, drafts, Individual Retirement Accounts (IRA), and various other financial solutions. In essence, Heritage South Community Credit Union serves as a valuable financial partner to its members. By doing so, it empowers them to manage their financial resources effectively. The credit union's mission revolves around delivering essential financial services, enabling its members to meet their financial needs and build a solid financial future.

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Impact




October, 2024

Heritage South Community Credit Union has made a significant impact by providing a range of financial services to approximately 32,062 members in Shelbyville, TN. By offering loans, shares, drafts, and Individual Retirement Accounts (IRAs), it plays a vital role in supporting the financial well-being of its members. The credit union facilitates access to essential financial resources, helping individuals and families manage their finances, save for the future, and achieve their financial goals. Through its services, Heritage South fosters economic stability within the community, promoting financial literacy and empowerment among its members.




This information is meant to be a general summary of Heritage South Community Cu. 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
$17,607,679 (2022)
Expenses
$14,056,011 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$670,956
  • Program Service Revenue: $11,935,338
  • Gross Receipts: $39,411,956

Assets and Liabilities:

  • Total Assets: $310,634,277
  • Total Liabilities: $269,178,999
  • Net Assets: $41,455,278

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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

$11,935,338

Organization Details

Founding Year

1957

Principal Officer

Laura Parham

Main Address

P O Box 1219, Shelbyville, TN, 37162

NTEE Category

Code: W60 - Public benefit

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