Dec, 31, 2023 — HEARTLAND CREDIT UNION is a federally insured state chartered credit union headquartered in INVER GROVE HEIGHTS, MN with 4 branch locations and about $189.89 million in total assets. Opened 85 years ago in 1939, HEARTLAND CREDIT UNION has about 10,989 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 |
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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: | 10,989 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64168 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1939 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $189,890,064 |
CEO/Manager: | Kathleen M Harrington |
Chairperson: | Rex Carlson |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,275,313 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 60,221,198 |
Unsecured Loans | 11,731,698 |
Other Loans | 46,393,188 |
TOTAL LOANS | 118,369,451 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -913,342 |
Land And Building | 5,479,400 |
Other Fixed Assets | 567,928 |
NCUSIF Deposit | 1,466,426 |
All Other Assets | 0 |
TOTAL ASSETS | 189,890,064 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 571 |
Notes & Interest Payable | 16,607,834 |
Accounts Payable & Other Liabilities | 1,478,372 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 37,620,593 |
Regular shares | 65,468,254 |
All Other Shares & Deposits | 56,785,022 |
TOTAL SHARES & DEPOSITS | 159,873,869 |
TOTAL LIABILITIES | 177,960,646 |
Regular Reserve | 0 |
Other Reserves | -4,448,887 |
Undivided Earnings | 16,378,305 |
TOTAL EQUITY | 11,929,418 |
TOTAL LIABILITIES, SHARES, & EQUITY | 189,890,064 |
INCOME & EXPENSE | |
Loan Income | 5,146,666 |
Investment Income | 1,320,128 |
Other Income | 692,771 |
Total Employee Compensation & Benefits | 2,621,443 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,018,604 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 145,837 |
Cost of Funds | 1,923,930 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 605,519 |
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