Dec, 31, 2022 — HEARTLAND CREDIT UNION is a federally insured state chartered credit union headquartered in HUTCHINSON, KS with 9 branch locations and about $594.31 million in total assets. Opened 75 years ago in 1948, HEARTLAND CREDIT UNION has about 36,121 members and employs 132 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) | 4000 N Monroe St HUTCHINSON, KS 67502 |
| Phone: | (620) 669-0177 |
| Fax: | (620) 669-8123 |
| Website: | https://www.hcu.coop |
| Branches: | 9 branch locations |
| Members: | 36,121 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62031 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1948 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $594,306,256 |
| CEO/Manager: | Dan L Springer |
| Chairperson: | Rex Christner |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,644,125 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,536,390 |
| Real Estate Loans | 210,068,503 |
| Unsecured Loans | 19,123,347 |
| Other Loans | 283,428,556 |
| TOTAL LOANS | 513,200,322 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,785,266 |
| Land And Building | 11,186,986 |
| Other Fixed Assets | 1,279,429 |
| NCUSIF Deposit | 4,004,406 |
| All Other Assets | 633,054 |
| TOTAL ASSETS | 594,306,256 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 12,134 |
| Notes & Interest Payable | 50,329,029 |
| Accounts Payable & Other Liabilities | 4,755,778 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 125,592,912 |
| Regular shares | 82,894,549 |
| All Other Shares & Deposits | 277,368,096 |
| TOTAL SHARES & DEPOSITS | 485,855,557 |
| TOTAL LIABILITIES | 540,952,498 |
| Regular Reserve | 0 |
| Other Reserves | 51,342,742 |
| Undivided Earnings | 2,011,016 |
| TOTAL EQUITY | 53,353,758 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 594,306,256 |
| INCOME & EXPENSE | |
| Loan Income | 15,041,869 |
| Investment Income | 269,091 |
| Other Income | 1,358,499 |
| Total Employee Compensation & Benefits | 7,974,902 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 7,613,021 |
| Non-operating Income & (Expense) | 3,500 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,789,572 |
| Cost of Funds | 2,314,763 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,595,915 |
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