2024-11-13T09:46:26-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 109 N MAIN STREET SUITE 200 AUSTIN MN 55912 990 2023-01-01 390716655 HEARTLAND CREDIT UNION HEAR 6082827000 5325 HIGH CROSSING BLVD MADISON WI 53718 ANGELA HANSON PRESIDENT/CEO 6082827000 2024-11-07 1 0 TANYA MEDGAARDEN P01717240 5074347000 2024-11-07 2023 2024-10-15 13:58:12Z ANGELA HANSON 5325 HIGH CROSSING BLVD MADISON WI 53718 32164156 0 1 X WWW.HEARTLANDCU.ORG X 1936 WI TO PROVIDE QUALITY, COST-EFFECTIVE, PERSONALIZED FINANCIAL SERVICES FOR OUR MEMBERS' WELL-BEING. 9 9 160 11 73050 28823 0 0 22991729 26670836 1931146 3888328 6540 -584175 24929415 29974989 0 0 1035594 4093579 11261924 9922392 0 0 0 11143563 11508115 23441081 25524086 1488334 4450903 601399682 610373043 546594620 546541347 54805062 63831696 TO PROVIDE OUR MEMBERS WITH QUALITY, COST-EFFECTIVE, PERSONALIZED FINANCIAL SERVICES THAT CONTRIBUTE TO THEIR SOCIAL AND ECONOMIC WELL-BEING. 0 0 THE NUMBER OF OUTSTANDING LOANS INCREASED BY 219 DURING 2023. AS OF 12/31/23, WE HAD 3,147 MORTGAGES/HOME EQUITY LINES, 13,265 CONSUMER LOANS, AND 730 MEMBER BUSINESS LOANS. WE ALSO HAD 5,753 CREDIT CARD ACCOUNTS WITH OUR MEMBERS. WE HAVE DEPOSIT, TRANSACTION AND INVESTMENT ACCOUNTS WITH 34,656 OF OUR MEMBERS AT 12/31/23. DURING 2023, WE OPENED AND/OR ACQUIRED 984 NEW DEPOSIT, TRANSACTION AND INVESTMENT ACCOUNTS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 11113 0 160 1 1 1 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X ANGELA HANSON 8003623944 5325 HIGH CROSSING BLVD MADISON WI 53718 RHONDA HOLLFELDER CHAIR 1.00 X X 0 0 0 MARC JONES VICE-CHAIR 1.00 X X 0 0 0 JIM DALTON TREASURER 1.00 X X 0 0 0 DAVID DIGIOVANNI SECRETARY 1.00 X X 0 0 0 ANDREW BAKER DIRECTOR 1.00 X 0 0 0 LISA MAYNE DIRECTOR 1.00 X 0 0 0 THEOLA CARTER DIRECTOR 1.00 X 0 0 0 JEFFERY HEIL DIRECTOR 1.00 X 0 0 0 JOHN MCLELLAN DIRECTOR 1.00 X 0 0 0 ANGELA HANSON PRESIDENT/CEO 40.00 X 400425 0 46455 SHAY SANTOS COO 40.00 X 199730 0 14321 SHAWN REDMAN CLO 40.00 X 180212 0 17845 LYLE HANSEN CTO 40.00 X 167972 0 28336 KEVIN FEATHERSTON-CROWE CFO 40.00 X 161542 0 24188 BONNIE ROSENMEIER CHIEF OF STAFF 40.00 X 143331 0 17612 ANNE ZICKUS CHIEF EXPERIENCE OFFICER 40.00 X 129019 0 24751 JAMIE MEYER CDO 40.00 X 119658 0 24140 DIANNE JENTZ VP BUSINESS LENDING 40.00 X 132322 0 9381 DARRELL PANZER VP FINANCE 40.00 X 125899 0 14175 JEFF RAUCH VP MORTGAGE 40.00 X 115503 0 14501 BECKY TOURDOT VP PAYMENTS 40.00 X 105248 0 17701 JOE MERCURIO VP RETAIL DELIVER 40.00 X 101469 0 10179 2082330 0 263585 13 0 1 0 FIS GLOBAL PO BOX 4535 CAROL STREAM IL 60197 DATA PROCESSING 1796456 ROBERT HALF INTERNATIONAL INC 12400 COLLECTIONS CENTER DR CHICAGO IL 60693 CONTRACT EMPLOYEES 583371 CORELATION INC 2305 HISTORIC DECATUR RD STE 350 SAN DIEGO CA 92106 DATA PROCESSING 482880 ALKAMI TECHNOLOGY INC 5601 GRANITE PKWY STE 120 PLANO TX 75024 DATA PROCESSING 469162 ROUTE 66 WARRANTY PO BOX 1075 MOUNTAIN HOME AR 72654 EXTENDED WARRANTY CONTRACTS 336427 15 INTEREST ON LOANS 522100 20627133 20627133 OTHER OPERATING INCOME 522100 4685830 4685830 FEE INCOME 522100 1357873 1284823 73050 26670836 3867232 3867232 2210263 2189167 21096 21096 21096 OTHER NON-INTEREST INCOME 522100 -584175 -584175 -584175 29974989 26013611 73050 3888328 X 4093579 1699537 6522775 442725 669716 587639 185960 3189437 521210 1577023 888056 59516 58 1328999 18960 OTHER EXPENSES 2359927 LOAN SERVICING 710706 PROVISION FOR CREDIT LO 626647 OPERATING FEES 41616 25524086 6012880 6294965 103092110 87206087 4570609 3106352 16947446 17404373 427428878 452599740 2236669 897302 29010863 9949704 19469491 19061159 7563596 5805553 600000 5312434 5372497 1347146 1028201 7418423 10996814 601399682 610373043 8777932 8770662 15500 537801188 537770685 546594620 546541347 X 0 0 0 0 54805062 63831696 54805062 63831696 601399682 610373043 X 4450903 212731 4363000 X 0 0 0 6053047 6053047 12660053 3214150 9445903 157569 157569 0 9710810 6211512 3499298 429384 366473 62911 19061159 MEMBER SHARE & DEPOSITS 537263634 NET PENSION LIABILITY 507051 537770685 X PART X, LINE 2: THE CREDIT UNION IS GENERALLY EXEMPT, BY STATUTE, FROM FEDERAL INCOME TAXES AND STATE CORPORATE BUSINESS TAX. HOWEVER, THE CREDIT UNION IS SUBJECT TO FEDERAL TAX ON NET UNRELATED BUSINESS INCOME. X X 0 0 0 ANGELA HANSON PRESIDENT/CEO 342742 0 57683 0 0 0 19743 0 26712 0 446880 0 0 0 SHAY SANTOS COO 146576 0 30654 0 22500 0 7849 0 6472 0 214051 0 0 0 SHAWN REDMAN CLO 153392 0 26820 0 0 0 10879 0 6966 0 198057 0 0 0 LYLE HANSEN CTO 141656 0 26316 0 0 0 10675 0 17661 0 196308 0 0 0 KEVIN FEATHERSTON-CROWE CFO 136306 0 25236 0 0 0 10327 0 13861 0 185730 0 0 0 BONNIE ROSENMEIER CHIEF OF STAFF 121011 0 22320 0 0 0 9079 0 8533 0 160943 0 0 0 ANNE ZICKUS CHIEF EXPERIENCE OFFICER 107869 0 21150 0 0 0 8619 0 16132 0 153770 0 0 0 SALLY DISCHLER PRESIDENT (FORMER) SPLIT-DOLLAR LIFE INSURANCE X 8150908 8453616 0 1 1 STEVEN FARNSWORTH EVP (FORMER) SPLIT-DOLLAR LIFE INSURANCE X 1455519 1537520 0 1 1 STEVEN FARNSWORTH EVP (FORMER) SPLIT-DOLLAR LIFE INSURANCE X 1445971 1499671 0 1 1 KEVIN FEATHERSTONE-CROWE CFO SPLIT-DOLLAR LIFE INSURANCE X 1394067 1472605 0 1 1 ANGELA HANSON PRESIDENT/CEO SPLIT-DOLLAR LIFE INSURANCE X 1392326 1470766 0 1 1 DIANNE JENTZ VP BUSINESS LENDING SPLIT-DOLLAR LIFE INSURANCE X 1442789 1524073 0 1 1 SHAWN REDMAN CLO/SVP SPLIT-DOLLAR LIFE INSURANCE X 1248800 1446122 0 1 1 17404373 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION CONSISTS OF MEMBERS. TO BE A MEMBER, ONE MUST HAVE A SHARE/SAVINGS ACCOUNT. EACH MEMBER HAS ONE VOTE TO ELECT THE GOVERNING BODY (BOARD OF DIRECTORS). FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERSHIP UTILIZING THEIR ONE VOTE PER MEMBER. FORM 990, PART VI, SECTION A, LINE 7B EACH MEMBER HAS ONE VOTE TO UTILIZE IN RATIFYING SIGNIFICANT DECISIONS BEYOND THE AUTHORITY OF THE BOARD AS OUTLINED IN THE ORGANIZATION'S BYLAWS. ANY DECISION TO DISSOLVE OR MERGE THE ORGANIZATION REQUIRES APPROVAL OF MEMBERSHIP, UNLESS MANDATED BY REGULATORY AGENCY (I.E NCUA, WISCONSIN OFFICE OF CREDIT UNIONS) FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED FOR ERRORS AND OMISSIONS FIRST BY CREDIT UNION EXECUTIVES, THEN PROVIDED TO THE BOARD OF DIRECTORS TO REVIEW. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, ALL EMPLOYEES AND VOLUNTEERS ARE REQUIRED TO COMPLETE A DISCLOSURE OF ALL KNOWN RELATIONSHIPS WHICH MAY GIVE RISE TO CONFLICTS. THESE DISCLOSURES ARE MONITORED BY CREDIT UNION MANAGEMENT FOR COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15 TO DETERMINE CEO COMPENSATION, THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWED ANNUAL CEO GOALS, CUES EXECUTIVE COMPENSATION SALARY DATA BY GEOGRAPHIC REGION, CREDIT UNION FINANCIAL RESULTS SPECIFICALLY THE ROA, AND THE PROJECTED BUDGET FOR THE COMING YEAR. THE EXECUTIVE COMMITTEE THEN MET IN PRIVATE TO DETERMINE THE COMPENSATION. THE MINUTES OF THE CEO REVIEW AND EXECUTIVE COMMITTEE WERE DOCUMENTED BY THE BOARD SECRETARY. THE BOARD CHAIRMAN THEN PROVIDED THE RESULTS OF THE REVIEW AND COMPENSATION TO THE ENTIRE BOARD DURING THE CLOSED SESSION. THIS WAS MOST RECENTLY COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 WE POST OUR FINANCIAL STATEMENTS IN ALL BRANCH LOBBIES ON A MONTHLY BASIS. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES 651,336. CARD PROCESSING 1,933,830. MEMBER PROCESSING SERVICES 172,945. DIGITAL BANKING SERVICES 431,326. FORM 990, PART XI, LINE 9: CHANGE IN EQUITY ACQUIRED IN MERGER 3,792,960. CHANGE IN OCI 1,025,884. CECL ADOPTION -455,844.