Dec, 31, 2023 — IOWA HEARTLAND CREDIT UNION is a federally insured state chartered credit union headquartered in MASON CITY, IA with 1 branch location and about $28.00 million in total assets. Opened 92 years ago in 1932, IOWA HEARTLAND CREDIT UNION has about 3,231 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | IOWA HEARTLAND CREDIT UNION |
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Address: (Main Office) | 1602 S MONROE AVE MASON CITY, IA 50401 |
Phone: | (641) 424-5391 |
Fax: | (641) 430-7253 |
Website: | https://www.iowaheartland.org |
Branches: | 1 branch locations |
Members: | 3,231 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60718 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1932 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $27,998,730 |
CEO/Manager: | Cynthia Stephenson |
Chairperson: | Scott Hand |
ASSETS: | $ Amount |
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Cash & Equivalents | 675,925 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,755,287 |
Unsecured Loans | 617,781 |
Other Loans | 9,569,823 |
TOTAL LOANS | 14,942,891 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -66,428 |
Land And Building | 381,916 |
Other Fixed Assets | 48,733 |
NCUSIF Deposit | 226,689 |
All Other Assets | 2,684 |
TOTAL ASSETS | 27,998,730 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 58,520 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,179,147 |
Regular shares | 16,235,345 |
All Other Shares & Deposits | 3,583,600 |
TOTAL SHARES & DEPOSITS | 22,998,092 |
TOTAL LIABILITIES | 23,056,613 |
Regular Reserve | 0 |
Other Reserves | 847,764 |
Undivided Earnings | 4,094,353 |
TOTAL EQUITY | 4,942,117 |
TOTAL LIABILITIES, SHARES, & EQUITY | 27,998,730 |
INCOME & EXPENSE | |
Loan Income | 668,352 |
Investment Income | 358,950 |
Other Income | 75,345 |
Total Employee Compensation & Benefits | 339,604 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 458,586 |
Non-operating Income & (Expense) | 7,911 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,025 |
Cost of Funds | 52,826 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 270,751 |
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