2023-11-15T17:16:44-06:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 109 N MAIN STREET SUITE 200 AUSTIN MN 55912 990 2022-01-01 390716655 HEARTLAND CREDIT UNION HEAR 6082827000 5325 HIGH CROSSING BLVD MADISON WI 53718 ANGELA HANSON PRESIDENT/CEO 6082827000 2023-11-15 1 ANGELA HANSON 999009999 0 TANYA MEDGAARDEN P01717240 5074347000 2023-11-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ANGELA HANSON 5325 HIGH CROSSING BLVD MADISON WI 53718 24998829 0 X WWW.HEARTLANDCU.ORG X 1936 WI TO PROVIDE QUALITY, COST-EFFECTIVE, PERSONALIZED FINANCIAL SERVICES FOR OUR MEMBERS' WELL-BEING. 9 9 160 12 117659 70488 0 0 16687566 22991729 98598 1931146 817 6540 16786981 24929415 0 0 962844 1035594 7418165 11261924 0 0 0 6046605 11143563 14427614 23441081 2359367 1488334 399175240 601399682 367029672 546594620 32145568 54805062 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 7,972 DURING 2022. AS OF 12/31/22, WE HAD 3,039 MORTGAGES/HOME EQUITY LINES, 13,896 CONSUMER LOANS, AND 707 MEMBER BUSINESS LOANS. WE ALSO HAD 5,034 CREDIT CARD ACCOUNTS WITH OUR MEMBERS. WE HAVE DEPOSIT, TRANSACTION AND INVESTMENT ACCOUNTS WITH 33,672 OF OUR MEMBERS AT 12/31/22. DURING 2022, WE OPENED AND/OR ACQUIRED 12,134 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 8410 0 160 1 1 1 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 0 0 X ANGELA HANSON 6082687310 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 SALLY DISCHLER PRESIDENT/CEO 40.00 X 514004 0 59989 STEVE FARNSWORTH COO/EVP 40.00 X 185901 0 15476 ANGELA HANSON CIO/SVP 40.00 X 305152 0 24079 SHAWN REDMAN CLO/SVP 40.00 X 164340 0 15862 LYLE HANSEN CTO 40.00 X 152251 0 25484 KEVIN FEATHERSTON-CROWE CFO/SVP 40.00 X 149918 0 21699 SHAY SANTOS COO 40.00 X 136111 0 27422 ANNE ZICKUS CHIEF EXPERIENCE OFFICER 40.00 X 106948 0 21398 ROBIN MAROHN VP BUSINESS DEVELOPMENT 40.00 X 126553 0 21819 DIANNE JENTZ VP BUSINESS LENDING 40.00 X 123679 0 8163 DARREL PANZER VP FINANCE 40.00 X 110468 0 12202 GREGORY JOHNSON LOAN SALES REPRESENTAIVE 40.00 X 109090 0 11310 2184415 0 264903 12 0 1 0 FIS GLOBAL PO BOX 4535 CAROL STREAM IL 60197 DATA PROCESSOR 837167 CORELATION INC 2305 HISTORIC DECATUR RD 300 SAN DIEGO CA 92106 DATA PROCESSOR 465442 FISERV INC PO BOX 934057 ATLANTA GA 31193 DATA PROCESSOR 392560 ALKAMI TECHNOLOGY INC 5601 GRANITE PKWY STE 100 PLANO TX 75024 DATA PROCESSOR 303157 CU ANSWERS INC 6000 28TH ST SE GRAND RAPIDS MI 49546 DATA PROCESSOR 290794 12 INTEREST ON LOANS 522100 16253576 16253576 OTHER OPERATING INCOME 522100 4768437 4768437 FEE INCOME 522100 1969716 1852057 117659 22991729 1951715 1951715 48845 69414 -20569 -20569 -20569 OTHER NON-INTEREST INCOME 522100 6540 6540 6540 24929415 22880610 117659 1931146 1035594 1926034 6793840 1009446 953119 579485 30801 45513 1231877 499050 1184757 655178 832125 9337 77815 860 1060166 115783 MEMBER ACCOUNT/CARD COS 2197228 PROVISION FOR LOAN LOSS 1164287 MERGER EXPENSES 1075580 OTHER EXPENSES 963206 23441081 2999206 6012880 65809230 103092110 3493912 4570609 17207202 16947446 290387922 427428878 653960 2236669 28285731 8816240 12332900 19469491 7563596 100000 3289403 5312434 1347146 2901505 7418423 399175240 601399682 6055890 8777932 15500 5000000 355973782 537801188 367029672 546594620 X 0 0 0 0 32145568 54805062 32145568 54805062 399175240 601399682 X 1488334 -415178 21586338 X 0 0 0 6053047 6053047 12677707 2976045 9701662 173794 173794 0 8866610 5305199 3561411 514573 361202 153371 19469491 MEMBER SHARE & DEPOSITS 536016539 NET PENSION LIABILITY 1634649 NONMEMBER DEPOSITS 150000 537801188 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 SALLY DISCHLER PRESIDENT/CEO 392407 0 121597 0 0 0 50984 0 9005 0 573993 0 0 0 ANGELA HANSON CIO/SVP 281115 0 24037 0 0 0 17977 0 6102 0 329231 0 0 0 STEVE FARNSWORTH COO/EVP 136657 0 49244 0 0 0 10646 0 4830 0 201377 0 0 0 SHAWN REDMAN CLO/SVP 146260 0 18080 0 0 0 9332 0 6530 0 180202 0 0 0 LYLE HANSEN CTO 134299 0 17952 0 0 0 9112 0 16372 0 177735 0 0 0 KEVIN FEATHERSTON-CROWE CFO/SVP 131966 0 17952 0 0 0 8719 0 12980 0 171617 0 0 0 SHAY SANTOS COO 136111 0 0 0 0 0 21460 0 5962 0 163533 0 0 0 SALLY DISCHLER PRESIDENT SPLIT-DOLLAR LIFE INSURANCE X 8150908 8294364 0 1 1 STEVEN FARNSWORTH EVP SPLIT-DOLLAR LIFE INSURANCE X 1455519 1481136 0 1 1 STEVEN FARNSWORTH EVP SPLIT-DOLLAR LIFE INSURANCE X 1445971 1471420 0 1 1 KEVIN CROWE CFO SPLIT-DOLLAR LIFE INSURANCE X 1394067 1418602 0 1 1 ANGELA HANSON CIO SPLIT-DOLLAR LIFE INSURANCE X 1392326 1416831 0 1 1 DIANNE JENTZ VP BUSINESS LENDING SPLIT-DOLLAR LIFE INSURANCE X 1442789 1468182 0 1 1 SHAWN REDMAN CLO/SVP SPLIT-DOLLAR LIFE INSURANCE X 1248800 1396911 0 1 1 16947446 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 ORGANIZATIONS 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 OMMISSIONS FIRST BY CREDIT UNION EXECUTIVES, THEN A SUMMARY IS PROVIDED TO THE BOARD OF DIRECTORS FOR 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 15A 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 TO THE REVIEW AND COMPENSATION TO THE ENTIRE BOARD DURING THE CLOSED SESSION. THIS WAS MOST RECENTLY COMPLETED IN 2021. FORM 990, PART VI, SECTION C, LINE 19 WE POST OUR FINANCIAL STATEMENTS IN ALL BRANCH LOBBIES ON A MONTHLY BASIS. FORM 990, PART XI, LINE 9: CHANGE IN EQUITY ACQUIRED IN MERGER 20,020,959. CHANGE IN OCI 1,565,423. ROUNDING -44.