Jun, 30, 2024 — HEARTLAND CREDIT UNION is a federally insured state chartered credit union headquartered in INVER GROVE HEIGHTS, MN with 4 branch locations and about $172.33 million in total assets. Opened 85 years ago in 1939, HEARTLAND CREDIT UNION has about 11,108 members and employs 32 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: | 11,108 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $172,333,900 |
| CEO/Manager: | Kathleen M Harrington |
| Chairperson: | Rex Carlson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,444,833 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 58,027,309 |
| Unsecured Loans | 6,271,580 |
| Other Loans | 36,963,371 |
| TOTAL LOANS | 101,288,378 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -500,458 |
| Land And Building | 5,690,641 |
| Other Fixed Assets | 760,125 |
| NCUSIF Deposit | 1,446,109 |
| All Other Assets | 0 |
| TOTAL ASSETS | 172,333,900 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 533 |
| Notes & Interest Payable | 800,000 |
| Accounts Payable & Other Liabilities | 1,466,349 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 40,915,808 |
| Regular shares | 73,962,307 |
| All Other Shares & Deposits | 45,021,261 |
| TOTAL SHARES & DEPOSITS | 159,899,376 |
| TOTAL LIABILITIES | 162,166,258 |
| Regular Reserve | 0 |
| Other Reserves | -5,822,362 |
| Undivided Earnings | 15,990,004 |
| TOTAL EQUITY | 10,167,642 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 172,333,900 |
| INCOME & EXPENSE | |
| Loan Income | 2,794,530 |
| Investment Income | 694,465 |
| Other Income | 440,562 |
| Total Employee Compensation & Benefits | 1,755,774 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,158,793 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 96,024 |
| Cost of Funds | 275,059 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 826,548 |
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