Overview
What is Heritage Community Credit Union?
Heritage Community Credit Union is a member-focused cooperative based in Rancho Cordova, California. Established to foster thrift and savings among its members, the credit union serves as a reliable source of credit, setting interest rates based on its board's decisions. Members can access various financial services, including checking, savings, money market, and share certificates, with competitive dividends. The credit union provides convenient access to funds through multiple channels, such as branches, contact centers, online banking, mobile banking, debit cards, and wire or Zelle transfers. As a democratic cooperative, Heritage Community Credit Union aims to improve its members' economic and social conditions by distributing earnings, savings, benefits, or services back to them.
Official website here: www.heritageccu.com
Is Heritage Community Credit Union legitimate?
Heritage Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Heritage Community 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: $1,144,081
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,243,648
For more financial information, click here
Official website here: www.heritageccu.com
What is the mission statement of Heritage Community Credit Union?
Heritage Community Credit Union is established as a cooperative, with the primary objective of encouraging savings among its members. The credit union serves to provide its members with access to credit at interest rates determined by its board of directors. It also offers an opportunity for its members to manage their own finances in a democratic manner, aiming to improve their economic and social conditions. As a cooperative, Heritage Community Credit Union operates with the collective benefit and general welfare of its members in mind. The earnings, savings, benefits, or services of the credit union are distributed back to its members.
Official website here: www.heritageccu.com
Who is the CEO of Heritage Community Credit Union?
Ed Turk is the Chairperson of Heritage Community Credit Union. The CEO's salary of Heritage Community Credit Union is $330,474 and their total compensation is $347,106.
Official website here: www.heritageccu.com
What is the revenue of Heritage Community Credit Union?
Heritage Community Credit Union's revenue in 2022 was $9,071,810.
Official website here: www.heritageccu.com
Who are the executives of Heritage Community Credit Union and what are their salaries?
The average compensation at Heritage Community Credit Union during 2022 was $62,736. There are 54 employees and 12 volunteers at Heritage Community Credit Union.
Here are 18 key members and their salaries (Heritage Community Credit Union's CEO's salary is $330,474 and their total compensation is $347,106):
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- Compensation: $1,144
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- Compensation: $330,474
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- Other: $16,632
- Compensation: $172,229
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- Other: $7,175
- Compensation: $178,281
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- Other: $11,706
- Compensation: $186,654
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- Other: $11,698
- Compensation: $167,878
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- Other: $10,897
- Compensation: $106,650
- Related: $0
- Other: $8,956
Official website here: www.heritageccu.com
Where can I find the form 990 for Heritage Community Credit Union?
Heritage Community Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.heritageccu.com
Learn more at the official website: www.heritageccu.com
Mission Statement of Heritage Community Credit Union
Heritage Community Credit Union, as a cooperative, is established with the primary objective of promoting thrift and savings among its members. This organization operates on a democratic basis, allowing its members to control and utilize their own funds for their mutual benefit and general welfare. The credit union's mission is to create a source of credit for its members, offering loans at interest rates set by its board of directors. This cooperative structure aims to improve the economic and social conditions of its members, with the earnings, savings, benefits, or services of the credit union being distributed back to its members. In essence, Heritage Community Credit Union serves as a platform where members can save, borrow, and manage their finances collectively, ultimately enhancing their financial well-being.
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Impact
October, 2024
Heritage Community Credit Union plays a vital role in promoting financial well-being among its members in Rancho Cordova, CA. By providing accessible banking services such as checking accounts, savings accounts, money market accounts, and share certificates, the credit union fosters a culture of thrift and savings. Members benefit from minimal or no associated costs and enjoy competitive dividends on their deposits.
The credit union's approach enables members to manage their finances through a variety of convenient access points, including branches, a contact center, online and mobile banking, and debit cards, as well as seamless transfer options like wire and Zelle. This commitment to member service empowers individuals to gain greater control over their financial resources.
Heritage Community Credit Union further contributes to economic and social improvement within its community by offering credit at favorable rates, guided by a democratic operational model that prioritizes the needs and preferences of its members. The cooperative structure ensures that earnings and benefits are distributed back to members, enhancing their financial standing and fostering a sense of collective well-being. Through these efforts, Heritage Community Credit Union significantly impacts the lives of its members and the larger community.
This information is meant to be a general summary of Heritage Community 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: $492,801
- Program Service Revenue: $7,301,293
- Gross Receipts: $9,071,810
Assets and Liabilities:
- Total Assets: $266,034,241
- Total Liabilities: $243,969,882
- Net Assets: $22,064,359
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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
$6,396,761
FEE INCOME
Revenue
$904,532
Organization Details
Founding Year
1999
Phone
(916) 364-1700Principal Officer
Ed Turk
Main Address
PO BOX 790, RANCHO CORDOVA, CA, 95741
Website
www.heritageccu.comNTEE Category
Code: W60 - Public benefit
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