Heartland Credit Union

Organization Overview

Heartland Credit Union is located in Madison, WI. As of 12/2021, Heartland Credit Union employed 99 individuals. 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 $16.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $14.4m during the year ending 12/2021. While expenses have increased by 4.2% 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 QUALITY, COST-EFFECTIVE, PERSONALIZED FINANCIAL SERVICES FOR OUR MEMBERS' WELL-BEING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WE ORIGINATED 2,861 NEW LOANS DURING 2021. AS OF 12/31/21, WE HAD 1,704 MORTGAGES/HOME EQUITY LINES, 7,078 CONSUMER LOANS, AND 711 MEMBER BUSINESS LOANS. WE ALSO HAD 5,002 CREDIT CARD ACCOUNTS WITH OUR MEMBERS.


WE HAVE DEPOSIT, TRANSACTION AND INVESTMENT ACCOUNTS WITH 21,538 OF OUR MEMBERS AT 12/31/21. DURING 2021, WE OPENED 4,402 NEW DEPOSIT, TRANSACTION AND INVESTMENT ACCOUNTS.


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Board, Officers & Key Employees

Name (title)Compensation
Sally Dischler
President/ceo
$279,118
Steve Farnsworth
Coo/evp
$171,762
Angela Hanson
Cio/svp
$153,692
April Oshiro
Residential Mortgage Lende
$150,730
Shawn Redman
Clo/svp
$129,492
Kevin Featherston-Crowe
Cfo/svp
$126,784

Outside Vendors & Contractors

Vendor Name (Service)Compensation
La Macchia Group
Building Contractor
$1,969,200
Corelation Inc
Data Processor
$1,133,978
Cu Answers Inc
Data Processor
$522,409
Burton Karstedt Advertising & Marketing
Advertising Services
$229,709
Worldpay Inc
Data Processor
$562,575
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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$16,687,566
Investment income $115,541
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$16,943
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $16,786,981

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