Heritage South Community Cu

Heritage South Community Cu Overview

Heritage South Community Cu is located in Shelbyville, TN. The organization was established in 1952. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2019, Heritage South Community Cu employed 91 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Heritage South Community Cu 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 12/2019, Heritage South Community Cu generated $18.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $15.1m during the year ending 12/2019. While expenses have increased by 10.1% per year over the past 5 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

PROVIDE SERVICE IN THE FORM OF LOANS, SHARES, DRAFTS, IRA AND VARIOUS OTHER SERVICES FOR APPROXIMATELY 26,868 MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDES VARIOUS FINANCIAL SERVICES TO ITS APPROXIMATELY 26,868 MEMBERS.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Heritage South Community Cu Board, Officers & Key Employees

Name (title)Compensation
Marvin Mcbee
CEO Retired 3-31-19
$264,277
Laura Parham
CEO
$256,416
David King
SVP - Information Technology
$147,124
Jody Stovall
CFO
$133,074
Beverly Saylor
SVP - Compliance & Internal Auditor
$128,620
Betty Baker
VP - Lending
$102,711

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$12,030,977
Investment income $565,370
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$12,883
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $18,115,825

Create an account to unlock the data you need.

or