Members Heritage Credit Union Inc

Organization Overview

Members Heritage Credit Union Inc is located in Lexington, KY. As of 12/2019, Members Heritage Credit Union Inc employed 120 individuals.

For the year ending 12/2019, Members Heritage Credit Union Inc generated $19.4m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $16.4m during the year ending 12/2019. While expenses have increased by 3.7% per year over the past 4 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

2019

Describe the Organization's Mission:

Part 3 - Line 1

THE PURPOSE OF THIS CREDIT UNION SHALL BE TO PROMOTE THRIFT AND TO PROVIDE CREDIT TO ITS MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE FINANCIAL SERVICES TO MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Patrick H Ferry
President
$251,811
Sherri Blakeman
VP Of Lending
$130,354
Michael S Calton
Controller
$115,146
Mike Routt
VP Of Support
$109,132
Manlus Burton
Treasurer
$0
Mike Proctor
Secretary
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Stoll Keenon & Ogden
Attorney Services
$234,553
Allied Solutions
Loan Insurances
$574,999
United Healthcare Of Ky
Health Insurance
$300,353
Cdw Llc
Technology
$236,062
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$12,668,201
Investment income $1,914,459
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 $19,389,734

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