Heartland Credit Union

Organization Overview

Heartland Credit Union is located in Hutchinson, KS. The organization was established in 1983. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Heartland Credit Union employed 158 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 12/2021, Heartland Credit Union generated $30.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $20.1m during the year ending 12/2021. While expenses have increased by 6.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE HIGH QUALITY FINANCIAL SERVICES TO OUR MEMBERS/OWNERS, ENHANCING THEIR FINANCIAL WELL-BEING WHILE MAINTAINING THE FINANCIAL STRENGTH OF THE CREDIT UNION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 32,308 MEMBERS.


PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2021, THERE WERE 26,312 LOANS OUTSTANDING TOTALING $400,179,946.


PAID DIVIDENDS ON DEPOSITS TOTALING $2,439,381 FOR THE YEAR.


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Board, Officers & Key Employees

Name (title)Compensation
Daniel Springer
President/ceo
$344,225
Michael Lorimor
Vp-Mortgage Lending
$215,146
Joel Andrew
CFO
$172,674
Michelle Waln
Cco
$171,600
Zachary Clobes
Cto
$168,674
Bambi Stewart
Clo
$149,099

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Insight Direct Usa Inc
Technology Hardware
$241,470
Jack Henry & Associates
Core Provider
$637,878
Alogent
Software Provider
$182,105
Alkami Technology
Software Provider
$175,386
Baker Bros Printing
Printing, Mailing, Advertising
$149,107
View All Vendors

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$16,053
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$16,053
Total Program Service Revenue$30,367,721
Investment income $200,228
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $47,367
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $30,631,369

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Heartland Credit Union has recieved totaling $10,000.

Awarding OrganizationAmount
Heartland Credit Union Charitable Foundation Inc

St Louis, MO

PURPOSE: COMMUNITY DEVELOPMENT GRANTCOMMUNITY DEVELOPMENT GRANT

$10,000
View Grant Recipient Profile

Peer Organizations

Organization NameAssets
Meritrust Credit Union
Wichita, KS
$48,306,293
True Sky Credit Union
Oklahoma City, OK
$47,281,663
Weokie Federal Credit Union
Oklahoma City, OK
$42,986,888
Golden Plains Credit Union
Garden City, KS
$40,747,458
Credit Union Of Denver
Lakewood, CO
$39,919,680
Oklahomas Credit Union
Oklahoma City, OK
$32,235,785
Azura Credit Union
Topeka, KS
$33,958,013
Millennium Corporate Credit Union
Wichita, KS
$44,466,623
Oklahoma Central Credit Union
Tulsa, OK
$26,539,012
Liberty First Credit Union
Lincoln, NE
$27,721,129
Heartland Credit Union
Hutchinson, KS
$30,631,369
Sooper Credit Union
Arvada, CO
$25,522,076

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