Dec, 31, 2023 — HEARTLAND CREDIT UNION is a federally insured state chartered credit union headquartered in SPRINGFIELD, IL with 3 branch locations and about $451.87 million in total assets. Opened 78 years ago in 1946, HEARTLAND CREDIT UNION has about 32,870 members and employs 76 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HEARTLAND CREDIT UNION |
|---|---|
| Address: (Main Office) | 2213 W White Oaks Dr SPRINGFIELD, IL 62704 |
| Phone: | (217) 726-8877 |
| Fax: | (217) 726-2157 |
| Website: | https://www.hcu.org |
| Branches: | 3 branch locations |
| Members: | 32,870 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64441 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1946 |
| Last Audited: | May 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $451,867,866 |
| CEO/Manager: | Tom Lex |
| Chairperson: | Michael Workman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 70,696,195 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 94,870 |
| Real Estate Loans | 21,703,453 |
| Unsecured Loans | 6,006,760 |
| Other Loans | 301,391,460 |
| TOTAL LOANS | 329,101,673 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,338,957 |
| Land And Building | 4,565,106 |
| Other Fixed Assets | 590,779 |
| NCUSIF Deposit | 3,710,371 |
| All Other Assets | 0 |
| TOTAL ASSETS | 451,867,866 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,424,607 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 70,043,187 |
| Regular shares | 143,324,434 |
| All Other Shares & Deposits | 179,576,524 |
| TOTAL SHARES & DEPOSITS | 392,944,145 |
| TOTAL LIABILITIES | 396,368,752 |
| Regular Reserve | 0 |
| Other Reserves | -822,290 |
| Undivided Earnings | 56,321,404 |
| TOTAL EQUITY | 55,499,114 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 451,867,866 |
| INCOME & EXPENSE | |
| Loan Income | 14,719,339 |
| Investment Income | 3,830,908 |
| Other Income | 3,091,524 |
| Total Employee Compensation & Benefits | 6,189,464 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,633,147 |
| Non-operating Income & (Expense) | 7,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 610,789 |
| Cost of Funds | 4,148,876 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,940,403 |
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