Dec, 31, 2023 — HEARTLAND CREDIT UNION is a federally insured state chartered credit union headquartered in MADISON, WI with 13 branch locations and about $610.37 million in total assets. Opened 88 years ago in 1936, HEARTLAND CREDIT UNION has about 34,656 members and employs 131 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) | 5325 High Crossing Blvd MADISON, WI 53718-2301 |
| Phone: | (800) 362-3944 |
| Fax: | (608) 282-7036 |
| Website: | https://www.heartlandcu.org/ |
| Branches: | 13 branch locations |
| Members: | 34,656 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66710 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $610,373,043 |
| CEO/Manager: | Angela Hanson |
| Chairperson: | Rhonda Hollfelder |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 25,410,012 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 312,986,376 |
| Unsecured Loans | 20,464,087 |
| Other Loans | 121,788,460 |
| TOTAL LOANS | 455,475,310 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,875,570 |
| Land And Building | 15,561,861 |
| Other Fixed Assets | 3,539,396 |
| NCUSIF Deposit | 5,372,497 |
| All Other Assets | 95,568 |
| TOTAL ASSETS | 610,373,043 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 295 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 9,277,418 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 134,804,827 |
| Regular shares | 193,283,142 |
| All Other Shares & Deposits | 209,175,665 |
| TOTAL SHARES & DEPOSITS | 537,263,634 |
| TOTAL LIABILITIES | 546,541,347 |
| Regular Reserve | 0 |
| Other Reserves | 23,361,274 |
| Undivided Earnings | 40,470,422 |
| TOTAL EQUITY | 63,831,696 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 610,373,043 |
| INCOME & EXPENSE | |
| Loan Income | 20,627,133 |
| Investment Income | 3,867,232 |
| Other Income | 1,357,873 |
| Total Employee Compensation & Benefits | 9,922,392 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 10,881,410 |
| Non-operating Income & (Expense) | -605,581 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 626,647 |
| Cost of Funds | 4,093,637 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,450,903 |
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