2017-11-14T10:44:15-06:00 2016-12-31 390758449 Wipfli LLP PO Box 8010 Wausau WI 544028010 990 2016-01-01 396048473 Heritage Credit Union HERI 6082412191 1212 Huxley St Madison WI 53704 Anita Rauch Chief Executive Officer 6082412191 2017-11-13 1 Mary A Coates CPA P00134220 7158453111 2017-11-13 75.135.162.185 2017-11-13 16:50:50 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 41ABCD53C4B0AAEE285E84ABDCCA064939346133 2016 2017-02-10 21:41:12Z Anita Rauch 1212 Huxley St Madison WI 53704 13589390 0 X www.heritagecu.org X 1934 WI Simplify banking, meet people's financial needs, save people time. 6 5 138 7 56434 908 0 0 11664107 12894515 548090 631538 24986 34589 12237183 13560642 0 0 0 0 5523254 5997865 0 0 0 5163986 5404504 10687240 11402369 1549943 2158273 294337439 318354162 258315136 281569785 36022303 36784377 Heritage Credit Union will be an independent, co-operative, premier financial institution with a recognized brand in the markets we serve. We will be the preferred place where families will come to meet their financial needs, for current and future generations. 0 0 To promote thrift & provide low cost loans among members. This is accomplished on a co-operative non-profit basis for the benefit of the membership.The organization had 27,288 members at the end of 2016 with 1,040,704 potential members. The organization granted 6,108 loans in 2016. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7822 0 1 138 1 1 1 0 0 0 0 0 0 0 X 6 5 0 0 0 0 1 1 0 1 1 0 1 1 0 0 1 1 1 0 0 X Alan Zimprich 6082378376 1212 Huxley St Madison WI 53704 Richard Bloomenkranz Director 1.00 X 0 0 0 Greg Cullen Director 1.00 X 912 0 0 Greg Rice Director 1.00 X 960 0 0 jesse Sandoval Chairperson 1.00 X 940 0 0 Daun Maier Secretary 1.00 X X 0 0 0 Mollie Bell Treasurer 1.00 X X 0 0 0 Anita Rauch Chief Executive Officer 40.00 X X 282578 0 109383 Alan Zimprich Chief Financial Officer 40.00 X 128497 0 29457 Kay Paulson Chief Risk Officer 40.00 X 143125 0 36464 Heather Ristow Chief Operating Officer 40.00 X 130118 0 8810 Dave Macintire Director of Information Te 40.00 X 110114 0 11737 Troy Ewer VP of Operations 40.00 X 105242 0 53700 Nancy Shrimpf Director of Lending 40.00 X 105119 0 20385 1007605 0 269936 7 0 1 0 Jack Henry & Associates Inc PO Box 609 Monett MO 65708 system software & Services 170436 OSG Statement Services 2471 S Commerce Dr New Berlin WI 53151 printing and delivery Services 100588 2 Interest on Loans 522100 9676266 9676266 Fee Income 522100 2571544 2536346 35198 Commission Income 522100 570046 550710 19336 76659 76659 12894515 651119 651119 14775 0 14775 14775 14775 9167 0 28748 9167 -28748 -19581 -19581 Data Processing Income 900099 8676 8676 11138 1900 9238 19814 13560642 12848657 56434 655551 549915 4396666 69215 613601 368468 7435 35273 74189 344446 670594 455828 598923 47576 47062 82344 710879 75297 Dividends On Member Sha 933406 Debit Card Expenses 490645 Loan Servicing Expense 367798 Provision for Loan Loss 138950 323859 11402369 4879243 4544347 12276978 9479091 564042 564067 218658930 238059959 624929 301554 19161141 9076239 10667280 10084902 6926000 7425545 32013366 39997484 930825 835077 6795846 7062136 294337439 318354162 6079769 4986486 3203 60755 8000000 15000000 244232164 261522544 258315136 281569785 X 0 0 0 0 36022303 36784377 36022303 36784377 294337439 318354162 X 2158273 2 -1396201 X 0 0 0 1443100 1443100 12181523 4702633 7478890 637397 394144 243253 3388931 2570655 818276 1510190 1408807 101383 10084902 Deposits in Commercial Banks 25375000 C Loans to and Investments in natural person 2994000 C Membership capital at corp 1224067 C Paid in capital at corp 815626 C All other investments 9588791 C 39997484 Shares and Deposits 261522544 261522544 X 1 1 X X X X 0 0 0 Anita Rauch Chief Executive Officer 241548 0 28030 0 13000 0 96546 0 12837 0 391961 0 0 0 Alan Zimprich Chief Financial Officer 96432 0 32065 0 0 0 8350 0 21107 0 157954 0 0 0 Kay Paulson Chief Risk Officer 103825 0 39300 0 0 0 32675 0 3789 0 179589 0 0 0 Troy Ewer VP of Operations 69904 0 34533 0 805 0 28645 0 25055 0 158942 0 0 0 Form 990, Part VI, Section A, line 6 Each credit union member is considered a shareholder. Form 990, Part VI, Section A, line 7a Members elect the board of directors at their annual meeting. Form 990, Part VI, Section B, line 11b The officers of the credit union review the 990 prior to filing with the internal revenue service. Then the return is available for the board to review. Form 990, Part VI, Section B, line 15a The board of directors review the CEO's salary annually. The amount is determined by the compensation committee and reviewed and approved by the entire board of directors. Annually, the amount is determined based on the contract in place and performance and other metrics. The CEO reviews management team compensation based on performance and other metrics. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy and financial statements available upon written request. Form 990, Part XI, line 9: Changes in Other Comprehensive Income -1,396,201.