Dec, 31, 2023 — HEARTLAND AREA FEDERAL CREDIT UNION is a federal credit union headquartered in OMAHA, NE with 2 branch locations and about $28.73 million in total assets. Opened 70 years ago in 1954, HEARTLAND AREA FEDERAL CREDIT UNION has about 2,319 members and employs 8 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 AREA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 6111 N 72nd St OMAHA, NE 68134-2103 |
| Phone: | (402) 571-8444 |
| Fax: | (402) 571-0462 |
| Website: | https://www.heartlandfcu.org |
| Branches: | 2 branch locations |
| Members: | 2,319 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9194 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Apr 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $28,726,907 |
| CEO/Manager: | Cathy Banks |
| Chairperson: | Margaret Righter |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 817,802 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,777,333 |
| Unsecured Loans | 1,094,421 |
| Other Loans | 5,775,626 |
| TOTAL LOANS | 11,647,379 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -106,660 |
| Land And Building | 81,152 |
| Other Fixed Assets | 33,200 |
| NCUSIF Deposit | 252,579 |
| All Other Assets | 0 |
| TOTAL ASSETS | 28,726,907 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 10,651 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 131,025 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,463,443 |
| Regular shares | 14,502,142 |
| All Other Shares & Deposits | 3,944,950 |
| TOTAL SHARES & DEPOSITS | 22,910,536 |
| TOTAL LIABILITIES | 23,052,212 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 5,674,695 |
| TOTAL EQUITY | 5,674,695 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 28,726,907 |
| INCOME & EXPENSE | |
| Loan Income | 559,790 |
| Investment Income | 339,275 |
| Other Income | 160,513 |
| Total Employee Compensation & Benefits | 536,555 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 645,540 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 128,714 |
| Cost of Funds | 90,826 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -326,303 |
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