Dec, 31, 2023 — HEARTLAND CREDIT UNION is a federally insured state chartered credit union headquartered in HUTCHINSON, KS with 10 branch locations and about $617.94 million in total assets. Opened 76 years ago in 1948, HEARTLAND CREDIT UNION has about 39,468 members and employs 142 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) | 4000 N Monroe St HUTCHINSON, KS 67502 |
Phone: | (620) 669-0177 |
Fax: | (620) 669-8123 |
Website: | https://www.hcu.coop |
Branches: | 10 branch locations |
Members: | 39,468 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62031 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1948 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $617,944,435 |
CEO/Manager: | Dan L Springer |
Chairperson: | Rex Christner |
ASSETS: | $ Amount |
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Cash & Equivalents | 22,304,607 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 1,171,600 |
Real Estate Loans | 226,452,554 |
Unsecured Loans | 20,217,151 |
Other Loans | 275,113,794 |
TOTAL LOANS | 524,647,719 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,354,696 |
Land And Building | 10,729,838 |
Other Fixed Assets | 1,604,651 |
NCUSIF Deposit | 4,813,611 |
All Other Assets | 454,145 |
TOTAL ASSETS | 617,944,435 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 59,130 |
Notes & Interest Payable | 30,060,723 |
Accounts Payable & Other Liabilities | 6,396,044 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 114,214,830 |
Regular shares | 69,584,012 |
All Other Shares & Deposits | 342,573,608 |
TOTAL SHARES & DEPOSITS | 526,372,450 |
TOTAL LIABILITIES | 562,895,790 |
Regular Reserve | 0 |
Other Reserves | 2,476,185 |
Undivided Earnings | 52,572,460 |
TOTAL EQUITY | 55,048,645 |
TOTAL LIABILITIES, SHARES, & EQUITY | 617,944,435 |
INCOME & EXPENSE | |
Loan Income | 28,537,030 |
Investment Income | 1,139,581 |
Other Income | 1,809,857 |
Total Employee Compensation & Benefits | 11,653,995 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 10,633,504 |
Non-operating Income & (Expense) | 5,034 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,487,372 |
Cost of Funds | 9,409,981 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,741,763 |
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