Overview
What is Heritage South Credit Union?
Heritage South Credit Union is a nonprofit financial institution, established in Sylacauga, Alabama, specifically at 60 Gene Stewart Boulevard. Its primary mission is to promote savings among its members and offer them a legitimate source of credit at reasonable interest rates. The credit union's services extend to providing competitive savings products, such as savings, checking, and certificate of deposit accounts, to its member base, which exceeds 10,000 individuals across five counties in East Central Alabama. With a workforce of 68 employees, Heritage South Credit Union aims to enhance the financial well-being of its members by offering financial services tailored to their needs.
Official website here: www.myhscu.com
Is Heritage South Credit Union legitimate?
Heritage South Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Heritage South 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: $598,244
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,025,960
For more financial information, click here
Official website here: www.myhscu.com
What is the mission statement of Heritage South Credit Union?
Heritage South Credit Union's mission is centered around providing financial services to its member base. The credit union's primary objective is to encourage savings among its members and serve as a reliable source of credit, offering competitive interest rates. Operating in five counties in East Central Alabama, the credit union caters to over 10,000 members. To promote thrift among its members, Heritage South Credit Union offers various savings products, such as savings accounts, checking accounts, and certificate of deposit accounts.
Official website here: www.myhscu.com
Who is the CEO of Heritage South Credit Union?
Jamie Payton is the Vice-Chairperson of Heritage South Credit Union. The CEO's salary of Heritage South Credit Union is $153,190 and their total compensation is $210,201.
Official website here: www.myhscu.com
What is the revenue of Heritage South Credit Union?
Heritage South Credit Union's revenue in 2022 was $9,575,524.
Official website here: www.myhscu.com
Who are the executives of Heritage South Credit Union and what are their salaries?
The average compensation at Heritage South Credit Union during 2022 was $38,591. There are 68 employees and 10 volunteers at Heritage South Credit Union.
Here are 11 key members and their salaries (Heritage South Credit Union's CEO's salary is $153,190 and their total compensation is $210,201):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $153,190
- Related: $0
- Other: $57,011
- Compensation: $103,300
- Related: $0
- Other: $31,788
- Compensation: $106,500
- Related: $0
- Other: $50,348
- Compensation: $72,869
- Related: $0
- Other: $23,239
Official website here: www.myhscu.com
Where can I find the form 990 for Heritage South Credit Union?
Heritage South Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.myhscu.com
Learn more at the official website: www.myhscu.com
Mission Statement of Heritage South Credit Union
Heritage South Credit Union, with over 10,000 members, is committed to its mission. This mission primarily focuses on promoting thrift among its members and serving as a reliable source of credit at reasonable interest rates. The credit union strives to achieve this by offering a variety of competitive savings products, including savings, checking, and certificate of deposit accounts. By doing so, it encourages its members to save and provides them with the necessary funds when needed. This approach fosters financial stability within the membership base, making Heritage South Credit Union an essential financial partner for its members in East Central Alabama.
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Impact
October, 2024
Heritage South Credit Union has a significant impact on the community by providing essential financial services tailored to its select membership across five counties in East Central Alabama. With a mission focused on promoting thrift and offering reliable access to credit at legitimate interest rates, the credit union serves over 10,000 members. By offering competitive savings products, including savings, checking, and certificate of deposit accounts, Heritage South fosters financial stability and responsible money management among its members. This commitment to enhancing financial literacy and promoting sound financial practices contributes positively to the local economy and supports the overall well-being of its community.
This information is meant to be a general summary of Heritage South 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: $683,306
- Program Service Revenue: $5,853,470
- Gross Receipts: $9,575,524
Assets and Liabilities:
- Total Assets: $167,185,802
- Total Liabilities: $154,355,547
- Net Assets: $12,830,255
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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
$5,853,470
Organization Details
Founding Year
1937
Phone
(888) 245-4776Principal Officer
Jamie Payton
Main Address
60 GENE STEWART BOULEVARD, SYLACAUGA, AL, 35151
Website
www.myhscu.comNTEE Category
Code: W60 - Public benefit
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