Sep, 30, 2025 — HEARTLAND CREDIT UNION is a federally insured state chartered credit union headquartered in INVER GROVE HEIGHTS, MN with 4 branch locations and about $176.58 million in total assets. Opened 87 years ago in 1939, HEARTLAND CREDIT UNION has about 10,902 members and employs 33 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) | 5500 S Robert Trl INVER GROVE HEIGHTS, MN 55077 |
| Phone: | (651) 451-5160 |
| Fax: | (651) 451-4340 |
| Website: | https://www.heartlandcu.com |
| Branches: | 4 branch locations |
| Members: | 10,902 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64168 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $176,580,196 |
| CEO/Manager: | Kathleen M Harrington |
| Chairperson: | Rex Carlson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,601,774 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 60,370,387 |
| Unsecured Loans | 9,839,409 |
| Other Loans | 37,928,673 |
| TOTAL LOANS | 108,157,715 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -738,114 |
| Land And Building | 5,473,086 |
| Other Fixed Assets | 905,631 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,501,584 |
| All Other Assets | 0 |
| TOTAL ASSETS | 176,580,196 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 637 |
| Notes & Interest Payable | 13,300,000 |
| Accounts Payable & Other Liabilities | 1,488,217 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 35,716,103 |
| Regular shares | 70,871,042 |
| All Other Shares & Deposits | 41,107,640 |
| TOTAL SHARES & DEPOSITS | 147,694,786 |
| TOTAL LIABILITIES | 162,483,640 |
| Regular Reserve | 0 |
| Other Reserves | -2,600,772 |
| Undivided Earnings | 16,697,328 |
| TOTAL EQUITY | 14,096,556 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 176,580,196 |
| INCOME & EXPENSE | |
| Loan Income | 4,671,164 |
| Investment Income | 1,222,024 |
| Other Income | 526,922 |
| Total Employee Compensation & Benefits | 2,250,926 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,637,852 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 489,015 |
| Cost of Funds | 1,827,321 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 138,233 |
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