Civic Intelligence

Heartland Credit Union

990 • Fiscal year 2012 • EIN 41-0845601

Jan 01, 2012 to Dec 31, 2012 • Filed on May 20, 2013

Organization ProfileWWW.HEARTLANDCU.COM

View Organization Page

5500 South Robert Trail55077
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

73rd percentile

0.91x

Higher debt load relative to assets than 73% of similar nonprofits.

2012 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

55th percentile

5.4%

Faster asset growth than 55% of similar nonprofits.

2012 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$91,001,549

Up $4,630,171 (+5.4%) from 2011

Net Assets

Up

$8,301,235

Up $824,543 (+11%) from 2011

Liabilities

Up

$82,700,314

Up $3,805,628 (+4.8%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$3,815,427

Down $312,157 (-7.6%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth55th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200M$150M$100M$50M$0Assets 2010: $81,824,130Liabilities 2010: $74,873,851Net Assets 2010: $6,950,2792010Assets 2011: $86,371,378Liabilities 2011: $78,894,686Net Assets 2011: $7,476,6922011Assets 2012: $91,001,549Liabilities 2012: $82,700,314Net Assets 2012: $8,301,2352012Assets 2013: $95,961,405Liabilities 2013: $87,036,839Net Assets 2013: $8,924,5662013Assets 2014: $99,454,648Liabilities 2014: $89,690,636Net Assets 2014: $9,764,0122014Assets 2015: $108,097,614Liabilities 2015: $97,706,904Net Assets 2015: $10,390,7102015Assets 2016: $107,319,574Liabilities 2016: $96,358,540Net Assets 2016: $10,961,0342016Assets 2017: $114,544,401Liabilities 2017: $103,078,145Net Assets 2017: $11,466,2562017Assets 2018: $117,009,588Liabilities 2018: $104,814,285Net Assets 2018: $12,195,3032018Assets 2019: $121,609,939Liabilities 2019: $108,510,190Net Assets 2019: $13,099,7492019Assets 2020: $147,309,051Liabilities 2020: $134,057,658Net Assets 2020: $13,251,3932020Assets 2021: $167,172,062Liabilities 2021: $152,503,625Net Assets 2021: $14,668,4372021Assets 2022: $175,100,407Liabilities 2022: $164,458,979Net Assets 2022: $10,641,4282022Assets 2023: $189,890,064Liabilities 2023: $177,960,646Net Assets 2023: $11,929,4182023Assets 2024: $177,619,157Liabilities 2024: $165,159,956Net Assets 2024: $12,459,2012024

Highlighted filing

2012

Assets$91,001,549
Liabilities$82,700,314
Net Assets$8,301,235
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0Expenses 2010: $4,610,2042010Expenses 2011: $4,127,5842011Expenses 2012: $3,815,4272012Revenue 2013: $4,582,333Expenses 2013: $3,959,002Net Income 2013: $623,3312013Revenue 2014: $4,818,906Expenses 2014: $4,018,366Net Income 2014: $800,5402014Revenue 2015: $4,801,887Expenses 2015: $4,131,638Net Income 2015: $670,2492015Revenue 2016: $4,829,300Expenses 2016: $4,258,358Net Income 2016: $570,9422016Revenue 2017: $4,879,581Expenses 2017: $4,365,289Net Income 2017: $514,2922017Revenue 2018: $5,558,163Expenses 2018: $4,707,827Net Income 2018: $850,3362018Revenue 2019: $5,922,149Expenses 2019: $5,229,899Net Income 2019: $692,2502019Revenue 2020: $5,898,437Expenses 2020: $5,878,185Net Income 2020: $20,2522020Revenue 2021: $7,283,732Expenses 2021: $5,040,512Net Income 2021: $2,243,2202021Revenue 2022: $6,871,106Expenses 2022: $5,849,956Net Income 2022: $1,021,1502022Revenue 2023: $8,315,333Expenses 2023: $7,709,814Net Income 2023: $605,5192023Revenue 2024: $9,671,992Expenses 2024: $9,491,589Net Income 2024: $180,4032024

Highlighted filing

2012

Revenue-
Expenses$3,815,427
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
May 20, 2013
Return Version
2012v2.1
Gross Receipts
$4,829,870
Mission and Program Overview

Mission

To provide superior financial services responsive to our members' needs in a fiscally responsible manner.

Major Activities

Activity 2
The cu provides savings deposit services, originates new loans and services the loan portfolio for members.
Activity 3
The cu provides access to members to their accounts via home banking, atm networks, and in person at the credit union office.
Filing and Contact Details

Filer

EIN
41-0845601
Raw XML Appendix386 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReview00
IRS990/AccountsPayableAccruedExpenses/BOY0590807
IRS990/AccountsPayableAccruedExpenses/EOY0950035
IRS990/AccountsReceivable/BOY067725
IRS990/AccountsReceivable/EOY062831
IRS990/ActivitiesConductedPartnership00
IRS990/Activity2/Description0THE CU PROVIDES SAVINGS DEPOSIT SERVICES, ORIGINATES NEW LOANS AND SERVICES THE LOAN PORTFOLIO FOR MEMBERS.
IRS990/Activity3/Description0THE CU PROVIDES ACCESS TO MEMBERS TO THEIR ACCOUNTS VIA HOME BANKING, ATM NETWORKS, AND IN PERSON AT THE CREDIT UNION OFFICE.
IRS990/ActivityOrMissionDescription0TO PROVIDE SUPERIOR FINANCIAL SERVICES RESPONSIVE TO OUR MEMBERS' NEEDS.
IRS990/AddressChange0X
IRS990/AddressPrincipalOfficerUS/AddressLine105500 SOUTH ROBERT TRAIL
IRS990/AddressPrincipalOfficerUS/City0INVER GROVE HEIGHTS
IRS990/AddressPrincipalOfficerUS/State0MN
IRS990/AddressPrincipalOfficerUS/ZIPCode055077
IRS990/Advertising/Total0164998
IRS990/AllOtherExpenses/Total0134662
IRS990/AuditCommittee01
IRS990/BenefitsPaidToMembersCY0495173
IRS990/BenefitsPaidToMembersPriorYear0699954
IRS990/BenefitsToMembers/Total0495173
IRS990/BsnssRltnshpThruFamilyMember00
IRS990/BsnssRltnshpWithOrganization00
IRS990/CapStckTrstPrinCurrentFunds/BOY00
IRS990/CapStckTrstPrinCurrentFunds/EOY00
IRS990/CashNonInterestBearing/BOY04512274
IRS990/CashNonInterestBearing/EOY02917763
IRS990/ChangesToOrganizingDocs00
IRS990/CollectionsOfArt00
IRS990/CompCurrentOfficersDirectors/Total0345081
IRS990/CompensationFromOtherSources00
IRS990/CompensationProcessCEO00
IRS990/CompensationProcessOther00
IRS990/ComplianceWithBackupWitholding01
IRS990/ConferencesMeetings/Total027799
IRS990/ConflictOfInterestPolicy00
IRS990/ConservationEasements00
IRS990/ConsolidatedAuditFinancialStmt00
IRS990/ContributionsGrantsCurrentYear00
IRS990/ContributionsGrantsPriorYear00
IRS990/CreditCounseling00
IRS990/DecisionsSubjectToApproval01
IRS990/DeductibleContributionsOfArt00
IRS990/DeductibleNonCashContributions00
IRS990/DelegationOfManagementDuties00
IRS990/DepreciationDepletion/Total0210692
IRS990/DescribedIn501C300
IRS990/Description0THE CREDIT UNION PROVIDES APPROXIMATELY 16,952 DEPOSIT ACCOUNTS THAT ARE HELD BY APPROXIMATELY 9,098 MEMBERS. DIVIDENDS AND INTEREST ARE PAID ON THESE ACCOUNTS.
IRS990/DisregardedEntity00
IRS990/DocumentRetentionPolicy01
IRS990/DonorAdvisedFunds00
IRS990/DoNotFollowSFAS1170X
IRS990/ElectionOfBoardMembers01
IRS990/EmploymentTaxReturnsFiled01
IRS990/FamilyOrBusinessRelationship00
IRS990/FederalGrantAuditRequired00
IRS990/FeesForServicesAccounting/Total027090
IRS990/FeesForServicesLegal/Total08528
IRS990/ForeignActivities00
IRS990/ForeignFinancialAccount00
IRS990/ForeignOffice00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek01.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek11.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek21.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek31.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek41.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek51.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek61.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek745.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek845.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek945.00
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector0X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector1X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector2X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector3X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector4X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector5X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector6X
IRS990/Form990PartVIISectionA/NamePerson0RANDY NELSON
IRS990/Form990PartVIISectionA/NamePerson1LANI JORDAN
IRS990/Form990PartVIISectionA/NamePerson2JULIE FOX
IRS990/Form990PartVIISectionA/NamePerson3MICHON POTTER
IRS990/Form990PartVIISectionA/NamePerson4DON FRIENDSHUH
IRS990/Form990PartVIISectionA/NamePerson5NANCI LILJA
IRS990/Form990PartVIISectionA/NamePerson6REX CARLSON
IRS990/Form990PartVIISectionA/NamePerson7KATHLEEN HARRINGTON
IRS990/Form990PartVIISectionA/NamePerson8AMY KELLER
IRS990/Form990PartVIISectionA/NamePerson9TIM HANSEN
IRS990/Form990PartVIISectionA/Officer0X
IRS990/Form990PartVIISectionA/Officer1X
IRS990/Form990PartVIISectionA/Officer2X
IRS990/Form990PartVIISectionA/OtherCompensation00
IRS990/Form990PartVIISectionA/OtherCompensation10
IRS990/Form990PartVIISectionA/OtherCompensation20
IRS990/Form990PartVIISectionA/OtherCompensation30
IRS990/Form990PartVIISectionA/OtherCompensation40
IRS990/Form990PartVIISectionA/OtherCompensation50
IRS990/Form990PartVIISectionA/OtherCompensation60
IRS990/Form990PartVIISectionA/OtherCompensation721752
IRS990/Form990PartVIISectionA/OtherCompensation85861
IRS990/Form990PartVIISectionA/OtherCompensation915272
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization00
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization10
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization20
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization30
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization40
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization50
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization60
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization7118059
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization899057
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization985080
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs00
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs10
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs20
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs30
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs40
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs50
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs60
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs70
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs80
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs90
IRS990/Form990PartVIISectionA/Title0BOARD DIRECTOR
IRS990/Form990PartVIISectionA/Title1BOARD DIRECTOR
IRS990/Form990PartVIISectionA/Title2BOARD SECRETARY
IRS990/Form990PartVIISectionA/Title3BOARD CHAIR
IRS990/Form990PartVIISectionA/Title4BOARD DIRECTOR
IRS990/Form990PartVIISectionA/Title5BOARD VICE CHAIR
IRS990/Form990PartVIISectionA/Title6BOARD DIRECTOR
IRS990/Form990PartVIISectionA/Title7CEO
IRS990/Form990PartVIISectionA/Title8VICE PRESIDENT - LENDING
IRS990/Form990PartVIISectionA/Title9VICE PRESIDENT - FINANCE
IRS990/Form990ProvidedToGoverningBody00
IRS990/Form990-TFiled01
IRS990/FormersListed00
IRS990/FSAudited00
IRS990/FundraisingActivities00
IRS990/GainOrLoss/Other0-25712
IRS990/Gaming00
IRS990/GrantsAndSimilarAmntsCY00
IRS990/GrantsAndSimilarAmntsPriorYear00
IRS990/GrantsToIndividuals00
IRS990/GrantsToOrganizations00
IRS990/GrantToRelatedPerson00
IRS990/GrossAmountSalesAssets/Other0164188
IRS990/GrossReceipts04829870
IRS990/GroupReturnForAffiliates00
IRS990/Hospital00
IRS990/IndependentAuditFinancialStmt00
IRS990/IndoorTanningServices00
IRS990/InfoInScheduleOPartVI0X
IRS990/InfoInScheduleOPartXII0X
IRS990/Interest/Total077
IRS990/InvestmentIncomeCurrentYear0299908
IRS990/InvestmentIncome/ExclusionAmount0325620
IRS990/InvestmentIncomePriorYear0266256
IRS990/InvestmentIncome/TotalRevenueColumn0325620
IRS990/InvestmentInJointVenture00
IRS990/InvestmentsProgramRelated/BOY01095007
IRS990/InvestmentsProgramRelated/EOY0297002
IRS990/LandBldgEquipmentAccumDeprec01434600
IRS990/LandBuildingsEquipmentBasis05453771
IRS990/LandBuildingsEquipmentBasisNet/BOY04022503
IRS990/LandBuildingsEquipmentBasisNet/EOY04019171
IRS990/LessCostOthBasisSalesExpenses/Other0189900
IRS990/LoanToOfficerOrDQP00
IRS990/LocalChapters00
IRS990/MaterialDiversionOrMisuse00
IRS990/MembersOrStockholders01
IRS990/MethodOfAccountingAccrual0X
IRS990/MinutesOfCommittees01
IRS990/MinutesOfGoverningBody01
IRS990/MissionDescription0TO PROVIDE SUPERIOR FINANCIAL SERVICES RESPONSIVE TO OUR MEMBERS' NEEDS IN A FISCALLY RESPONSIBLE MANNER.
IRS990/MoreThan5000KToIndividuals00
IRS990/MoreThan5000KToOrganizations00
IRS990/NameOfPrincipalOfficerPerson0KATHY HARRINGTON
IRS990/NbrIndependentVotingMembers07
IRS990/NbrVotingGoverningBodyMembers07
IRS990/NbrVotingMembersGoverningBody07
IRS990/NetAssetsOrFundBalancesBOY07476692
IRS990/NetAssetsOrFundBalancesEOY08301235
IRS990/NetGainOrLossInvestments/ExclusionAmount0-25712
IRS990/NetGainOrLossInvestments/TotalRevenueColumn0-25712
IRS990/NetUnrelatedBusinessTxblIncome0-11137
IRS990/NonDeductibleContributions00
IRS990/NumberFormsTransmittedWith109601462
IRS990/NumberIndependentVotingMembers07
IRS990/NumberIndividualsGT100K01
IRS990/NumberOfContractorsGT100K00
IRS990/NumberOfEmployees029
IRS990/NumberW2GIncluded00
IRS990/Occupancy/Total0212797
IRS990/OfficeExpenses/Total0511569
IRS990/OfficerEntityWithBsnssRltnshp00
IRS990/OfficerMailingAddress00
IRS990/Organization501c0X
IRS990/OtherAssetsTotal/BOY01699403
IRS990/OtherAssetsTotal/EOY02369205
IRS990/OtherEmployeeBenefits/Total091965
IRS990/OtherExpensePriorYear02271233
IRS990/OtherExpensesCurrentYear02043694
IRS990/OtherExpenses/Description0LOAN SERVICING EXPENSE
IRS990/OtherExpenses/Description1DATA PROCESSING
IRS990/OtherExpenses/Description2PROFESSIONAL & OUTSIDE
IRS990/OtherExpenses/Description3PROVISION FOR LOAN LOSS
IRS990/OtherExpenses/Total0301765
IRS990/OtherExpenses/Total1173308
IRS990/OtherExpenses/Total2148996
IRS990/OtherExpenses/Total3121413
IRS990/OtherLiabilities/BOY078303879
IRS990/OtherLiabilities/EOY081750279
IRS990/OtherNotesLoansReceivableNet/BOY055172820
IRS990/OtherNotesLoansReceivableNet/EOY054712573
IRS990/OtherRevenueCurrentYear00
IRS990/OtherRevenuePriorYear00
IRS990/OtherSalariesAndWages/Total0710137
IRS990/PaidInCapSrplsLandBldgEqpFund/BOY00
IRS990/PaidInCapSrplsLandBldgEqpFund/EOY00
IRS990/PartialLiquidation00
IRS990/PayrollTaxes/Total0102790
IRS990/PensionPlanContributions/Total026587
IRS990/PoliticalActivities00
IRS990/PrepaidExpensesDeferredCharges/BOY047162
IRS990/PrepaidExpensesDeferredCharges/EOY073520
IRS990/ProfessionalFundraising00
IRS990/ProgramServiceRevenue/BusinessCode0900099
IRS990/ProgramServiceRevenue/BusinessCode1524298
IRS990/ProgramServiceRevenue/BusinessCode2522100
IRS990/ProgramServiceRevenueCY04340062
IRS990/ProgramServiceRevenue/Description0INTEREST INCOME
IRS990/ProgramServiceRevenue/Description1OTHER INCOME
IRS990/ProgramServiceRevenue/Description2FEE INCOME
IRS990/ProgramServiceRevenuePriorYear04264553
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome03147538
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome1768558
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome2414994
IRS990/ProgramServiceRevenue/TotalRevenueColumn03147538
IRS990/ProgramServiceRevenue/TotalRevenueColumn1768558
IRS990/ProgramServiceRevenue/TotalRevenueColumn2423966
IRS990/ProgramServiceRevenue/UnrelatedBusinessRevenue08972
IRS990/ProhibitedTaxShelterTrans00
IRS990/ReconcilationOtherChanges00
IRS990/ReconcilationRevenueExpenses0824543
IRS990/RelatedEntity00
IRS990/RelatedOrgControlledEntity00
IRS990/ReportFin48Footnote01
IRS990/ReportInvestOthSecurities00
IRS990/ReportLandBldgEquip01
IRS990/ReportOtherAssets00
IRS990/ReportOtherLiabilities01
IRS990/ReportProgRelInvest00
IRS990/RetainedEarningsEndowmentEtc/BOY07476692
IRS990/RetainedEarningsEndowmentEtc/EOY08301235
IRS990/RevenuesLessExpensesCY0824543
IRS990/RevenuesLessExpensesPriorYear0403225
IRS990/SalariesEtcCurrentYear01276560
IRS990/SalariesEtcPriorYear01156397
IRS990/SavingsAndTempCashInvestments/BOY019754484
IRS990/SavingsAndTempCashInvestments/EOY026549484
IRS990/ScheduleBRequired00
IRS990ScheduleD/Buildings/BookValue03139364
IRS990ScheduleD/Buildings/Depreciation0673998
IRS990ScheduleD/Buildings/OtherCostOrOtherBasis03813362
IRS990ScheduleD/Equipment/BookValue0239632
IRS990ScheduleD/Equipment/Depreciation0746227
IRS990ScheduleD/Equipment/OtherCostOrOtherBasis0985859
IRS990ScheduleD/FootnoteInPartXIII0X
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0AS ALLOWED BY STATE REGULATORY AUTHORITIES, THE AUDIT IS DONE AS OF SEPTEMBER 30. THE REPORTING PERIOD FOR THE AUDIT, THEREFORE, DOES NOT MATCH THE REPORTING PERIOD FOR THE 990. THE CREDIT UNION IS EXEMPT, UNDER IRC 501 (C) (14), FROM FEDERAL AND STATE INCOME TAXES. CERTAIN PRODUCTS AND SERVICES PROVIDED BY SELECT STATE CHARTERED CREDIT UNIONS HAVE BEEN DEEMED BY THE INTERNAL REVENUE SERVICE, IN TECHNICAL ADVICE MEMORANDUMS (TAMS) RELEASED IN 2007, TO BE UNRELATED TO THE SPECIFIC ENTITY'S EXEMPT PURPOSE. AS PRESENTED IN THE TECHNICAL ADVICE MEMORANDUMS THE NET TAXABLE INCOME FROM THESE PRODUCTS AND SERVICES WOULD BE SUBJECT TO INCOME TAXES. CREDIT UNIONS HAVE LITIGATED AGAINST THE IRS POSITIONS NOTED IN THE TAMS AND HAVE BEEN SUCCESSFUL IN HAVING COURTS DECLARE IN 2009 AND 2010 THAT REVENUE FROM INSURANCE PRODUCTS SOLD TO MEMBERS, HELPING THEM PROTECT THEIR FINANCIAL WELLBEING, QUALIFIES AS EXEMPT PURPOSE INCOME, CONTRARY TO THE IRS POSITION IN THE TAMS. THE CREDIT UNION HAS FILED TAX RETURNS IN THE PAST FOR ACTIVITIES THEY HAVE DEEMED TAXABLE AND HAS MINIMAL NET OPERATING LOSS CARRYFORWARD AS OF THE 2011 CALENDAR YEAR. THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION ADOPTED THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. AS A RESULT, THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF SEPTEMBER 30, 2012 AND 2011. THE CREDIT UNION'S 2008 THROUGH 2011 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES.
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference0PART X, LINE 2:
IRS990ScheduleD/Land/BookValue0520000
IRS990ScheduleD/Land/OtherCostOrOtherBasis0520000
IRS990ScheduleD/LeaseholdImprovements/BookValue080037
IRS990ScheduleD/LeaseholdImprovements/Depreciation014375
IRS990ScheduleD/LeaseholdImprovements/OtherCostOrOtherBasis094412
IRS990ScheduleD/OtherLandBuildings/BookValue040138
IRS990ScheduleD/OtherLandBuildings/OtherCostOrOtherBasis040138
IRS990ScheduleD/OtherLiabilities/Amount07785396
IRS990ScheduleD/OtherLiabilities/Amount129129428
IRS990ScheduleD/OtherLiabilities/Amount213483477
IRS990ScheduleD/OtherLiabilities/Amount316493551
IRS990ScheduleD/OtherLiabilities/Amount414858427
IRS990ScheduleD/OtherLiabilities/Description0SHARE IRA'S
IRS990ScheduleD/OtherLiabilities/Description1SHARE SAVINGS
IRS990ScheduleD/OtherLiabilities/Description2SHARE DRAFTS
IRS990ScheduleD/OtherLiabilities/Description3CERTIFICATES OF DEPOSITS
IRS990ScheduleD/OtherLiabilities/Description4MONEY MARKET
IRS990ScheduleD/TotalOfAmounts081750279
IRS990ScheduleD/TotalOfBookValueLandBuildings04019171
IRS990/ScheduleJRequired00
IRS990ScheduleO/GeneralExplanation/Explanation0HEARTLAND CREDIT UNION IS OPEN TO ANY BUSINESS OR INDIVIDUAL WHO LIVES, WORKS, WORSHIPS, VOLUNTEERS, OR ATTENDS SCHOOL IN DAKOTA, SCOTT, RICE AND LE SEUER COUNTIES, MN AS WELL AS INDIVIDUALS THAT WORK AT CHS, LAND O' LAKES, AGRILIANCE, UNITED HARVEST, TEMCO, HORIZON MILLING, VENTURA FOODS, FARMERS UNION BUSINESS AND EDUCATIONAL ACTIVITIES OF MINNESOTA, NORTH AMERICAN TRAILER SERVICES, ROADWARE, COFINA FINANCIAL, HENNEN & ASSOCIATES, CHART, SCOTT EQUIPMENT AND GENEX. IN ADDITION, OUR MEMBERS CAN INCLUDE THE SPOUSE OF A MEMBER, THE BLOOD OR ADOPTIVE RELATIVES OF EITHER OF THEM AND THEIR SPOUSES AND MEMBERS OF THE SAME HOUSEHOLD ARE ELIGIBLE TO JOIN. THIS INCLUDES PARENTS, SIBLINGS, AUNTS, UNCLES, NIECES, NEPHEWS, COUSINS, ETC. THE CREDIT UNION IS COMPRISED OF A SINGLE CLASS OF APPROXIMATELY 8,887 MEMBER-OWNERS, EACH OF WHICH HAS EQUAL RIGHTS IN OWNERSHIP, GOVERNANCE AND VOTING RIGHTS AT THE ANNUAL MEETINGS, WITH THE EXCEPTION OF THE MEMBER-OWNERS WHO ARE ELECTED TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Explanation1THE MEMBER-OWNERS OF THE CREDIT UNION HAVE THE AUTHORITY TO ELECT THE MEMBERS OF THE BOARD OF DIRECTORS FOR THREE-YEAR TERMS ON A ROTATING BASIS. CANDIDATES ARE ELECTED BY A SIMPLE PLURALITY VOTE. THE BOARD OF DIRECTORS APPOINT VOLUNTEERS TO SERVE ON THE SUPERVISORY COMMITTEE, WHICH IS VESTED WITH MONITORING SAFETY AND SOUNDSHIP OF THE ORGANIZATION. IF DEEMED APPROPRIATE, THE SUPERVISORY COMMITTEE CAN SUSPEND BOARD MEMBERS AND CAN CALL A SPECIAL MEETING OF THE MEMBERSHIP TO EVALUATE THE ISSUE AND VOTE TO EITHER DISMISS OR REINSTATE THE BOARD MEMBER.
IRS990ScheduleO/GeneralExplanation/Explanation2ANY CHANGES TO THE ENTITY'S BYLAWS NEED TO BE APPROVED BY THE MEMBERSHIP.
IRS990ScheduleO/GeneralExplanation/Explanation3MANAGEMENT ALONG WITH THE CEO LOOKS THROUGH THE 990 IN DETAIL AND THEN SENDS IT OUT.
IRS990ScheduleO/GeneralExplanation/Explanation4THE CREDIT UNION'S FINANCIAL STATEMENTS ARE DISPLAYED IN EACH OF OUR OFFICES FOR THE PUBLIC TO REVIEW OR ALSO BY EMAILING [email protected] WITH A REQUEST TO HAVE THEM EMAILED OR MAILED TO OUR MEMBERS. THE BYLAWS OF HEARTLAND CREDIT UNION ARE AVAILABLE UPON REQUEST AT [email protected] OR CAN ALSO BE REVIEWED BY APPOINTMENT AT THE CREDIT UNION'S OFFICE.
IRS990ScheduleO/GeneralExplanation/Explanation5THE AUDIT WAS DONE AS OF 9/30. THEREFORE, THE REPORTING PERIOD FOR THE AUDIT DOES NOT MATCH THE REPORTING PERIOD FOR THE 990.
IRS990ScheduleO/GeneralExplanation/Explanation6THE SUPERVISORY COMMITTEE OVERSEES THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/GeneralExplanation/Identifier0AUDITED FINANCIAL STATEMENTS
IRS990ScheduleO/GeneralExplanation/Identifier1AUDIT OVERSIGHT
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART XII, LINE 2B
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART XII, LINE 2C
IRS990/ScheduleORequired01
IRS990/School00
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0MN
IRS990/SubjectToProxyTax00
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine106185 MILITARY COVE
IRS990/TheBooksAreInCareOf/AddressUS/City0WOODBURY
IRS990/TheBooksAreInCareOf/AddressUS/State0MN
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode055129
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10KATHY HARRINGTON CEO
IRS990/TheBooksAreInCareOf/TelephoneNumber06517692600
IRS990/TotalAssets/BOY086371378
IRS990/TotalAssetsBOY086371378
IRS990/TotalAssets/EOY091001549
IRS990/TotalAssetsEOY091001549
IRS990/TotalCompGT150K00
IRS990/TotalExpensesCurrentYear03815427
IRS990/TotalExpensesPriorYear04127584
IRS990/TotalFunctionalExpenses/Total03815427
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI08972
IRS990/TotalLiabilities/BOY078894686
IRS990/TotalLiabilitiesBOY078894686
IRS990/TotalLiabilities/EOY082700314
IRS990/TotalLiabilitiesEOY082700314
IRS990/TotalLiabNetAssetsFundBalances/BOY086371378
IRS990/TotalLiabNetAssetsFundBalances/EOY091001549
IRS990/TotalNbrEmployees029
IRS990/TotalNbrVolunteers00
IRS990/TotalNetAssetsFundBalances/BOY07476692
IRS990/TotalNetAssetsFundBalances/EOY08301235
IRS990/TotalOtherCompensation042885
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProfFundrsngExpPriorYear00
IRS990/TotalProgramServiceRevenue04340062
IRS990/TotalReportableCompFrmRltdOrgs00
IRS990/TotalReportableCompFromOrg0302196
IRS990/TotalRevenueCurrentYear04639970
IRS990/TotalRevenue/ExclusionAmount0299908
IRS990/TotalRevenuePriorYear04530809
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome04331090
IRS990/TotalRevenue/TotalRevenueColumn04639970
IRS990/TotalRevenue/UnrelatedBusinessRevenue08972
IRS990/TypeOfOrganizationOther0X
IRS990/TypeOfOrgOtherDescription0CU
IRS990/UnrelatedBusinessIncome01
IRS990/UponRequest0X
IRS990/WebSite0WWW.HEARTLANDCU.COM
IRS990/WhistleblowerPolicy00
IRS990/YearFormation01939
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/Filer/EIN0410845601
ReturnHeader/Filer/Name/BusinessNameLine10HEARTLAND CREDIT UNION
ReturnHeader/Filer/NameControl0HEAR
ReturnHeader/Filer/Phone06514515160
ReturnHeader/Filer/USAddress/AddressLine105500 SOUTH ROBERT TRAIL
ReturnHeader/Filer/USAddress/City0INVER GROVE HEIGHTS
ReturnHeader/Filer/USAddress/State0MN
ReturnHeader/Filer/USAddress/ZIPCode055077
ReturnHeader/Officer/AuthorizeThirdParty01
ReturnHeader/Officer/DateSigned02013-05-20
ReturnHeader/Officer/Name0KATHY HARRINGTON
ReturnHeader/Officer/Phone06514515160
ReturnHeader/Officer/Title0CEO
ReturnHeader/PreparerFirm/EIN0410746749
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine10PO BOX 217
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0AUSTIN
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0MN
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode055912
ReturnHeader/Preparer/Name0RICHARD J GABRIELSON
ReturnHeader/Preparer/Phone05074347000
ReturnHeader/ReturnType0990
ReturnHeader/TaxPeriodBeginDate02012-01-01
ReturnHeader/TaxPeriodEndDate02012-12-31
ReturnHeader/TaxYear02012
ReturnHeader/Timestamp02013-06-19T13:48:42-05:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$91,001,549
Liabilities
$82,700,314
Net assets
$8,301,235
Revenue
-
Expenses
$3,815,427
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$178$165$12.5$9.67$9.49$0.18
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$190$178$11.9$8.32$7.71$0.61
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$175$164$10.6$6.87$5.85$1.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$167$153$14.7$7.28$5.04$2.24
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$147$134$13.3$5.90$5.88$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$122$109$13.1$5.92$5.23$0.69
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$117$105$12.2$5.56$4.71$0.85
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$115$103$11.5$4.88$4.37$0.51
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$107$96.4$11.0$4.83$4.26$0.57
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$108$97.7$10.4$4.80$4.13$0.67
2014Detailed filing. Detailed filing data is available for this year.$99.5$89.7$9.76$4.82$4.02$0.80
2013Detailed filing. Detailed filing data is available for this year.$96.0$87.0$8.92$4.58$3.96$0.62
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$91.0$82.7$8.30$3.82
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$86.4$78.9$7.48$4.13
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$81.8$74.9$6.95$4.61