Iowa Heartland Credit Union
- Assets
- $29.4m
- Revenue
- $880.3k
- Investments
- $0.0
- Employees
- 9
- Location
- Mason City, IA
- Founding
- Data as of
- 12/2022
- EIN
- 42-6056983
Organization Overview
Iowa Heartland Credit Union is located in Mason City, IA. As of 12/2022, Iowa Heartland Credit Union employed 9 individuals. Iowa Heartland Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2022, Iowa Heartland Credit Union generated $880.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $780.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES LOANS AND SAVINGS AND CHECKING ACCOUNTS FOR THEIR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHEKCING/DEBIT CARD PROGRAMTHE ORGANIZATION SERVICES APPROXIMATELY 930 CHECKING ACCOUNTS. SERVICES INCLUDE: POSTING TRANSACTIONS TO REPSPECTIVE ACCOUNTS, REORDERING OF EXPIRING CARDS, PROCESSING CHECK ORDERS, THE ISSUANCE OF CREDIT BUREAU REPORTS AND THE OFFERING OF OVERDRAFT PROTECTION. TOTAL MEMBERS SERVED - 3,232
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Crippin Chairperson | OfficerTrustee | 0.3 | $0 |
Jennifer Mobley Vice Chairperson | OfficerTrustee | 0.3 | $0 |
Brian Janssen Secretary | OfficerTrustee | 0.3 | $0 |
Justin Hoeft Treasurer | OfficerTrustee | 0.3 | $0 |
Samara Trenary Audit Chairperson | Trustee | 0.3 | $0 |
Jennifer Mericle Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $554,446 |
| Investment income | $222,050 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $880,338 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $91,276 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $193,933 |
| Pension plan accruals and contributions | $7,175 |
| Other employee benefits | $26,420 |
| Payroll taxes | $27,699 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,771 |
| Fees for services: Accounting | $22,904 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $26,889 |
| Office expenses | $93,052 |
| Information technology | $39,537 |
| Royalties | $0 |
| Occupancy | $57,781 |
| Travel | $3,071 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,096 |
| Interest | $16,616 |
| Payments to affiliates | $4,070 |
| Depreciation, depletion, and amortization | $32,676 |
| Insurance | $25,884 |
| All other expenses | $47,690 |
| Total functional expenses | $780,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $221,059 |
| Savings and temporary cash investments | $2,813,784 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $13,416,876 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,610 |
| Net Land, buildings, and equipment | $442,347 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $12,042,920 |
| Intangible assets | $0 |
| Other assets | $406,218 |
| Total assets | $29,358,814 |
| Accounts payable and accrued expenses | $133,803 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $24,506,885 |
| Total liabilities | $24,640,688 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $790,725 |
| Retained earnings, endowment, accumulated income, or other funds | $3,927,401 |
| Total liabilities and net assets/fund balances | $29,358,814 |