2016-11-14T13:05:59-06:00 2015-12-31 390758449 Wipfli LLP PO Box 8010 Wausau WI 544028010 990 2015-01-01 396048473 Heritage Credit Union HERI 6082685090 1212 Huxley St Madison WI 53704 Anita Rauch Chief Executive Officer 6082685090 2016-11-09 1 Mary A Coates CPA P00134220 7158453111 2016-11-09 2015 2017-02-10 21:41:12Z Anita Rauch 1212 Huxley St Madison WI 53704 12237936 0 X www.heritagecu.org X 1934 WI Simplify banking, meet people's financial needs, save people time. 6 5 127 7 49043 0 0 0 11198023 11664107 649037 548090 11920 24986 11858980 12237183 0 0 0 0 5070950 5523254 0 0 0 5109793 5163986 10180743 10687240 1678237 1549943 271911717 294337439 237824976 258315136 34086741 36022303 X 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.We will accomplish this by providing sound financial advice, services, and tools to our valued members whenever, wherever, and however they want them. It will be easy to transact business with us, allowing members to bank with Heritage as they move through life, no matter where they go. Our employees will be our primary differentiating factor. Heritage will constantly strive to attract and retain proactive people inspired by and passionate about our mission. We will have a cohesive culture that supports innovation and respect. As an organization, we will be committed to community development, and our employees will be woven into the fabric of the communities we serve. 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. 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 7790 0 1 127 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 Chad Lay Board Member 1.00 X 0 0 0 Daniel Ott Chairperson 1.00 X 0 0 0 jesse Sandoval Vice-Chair 1.00 X 0 0 0 Joseph Schmitz Vice-Chair (Thru August) 1.00 X X 0 0 0 Richard Bloomenkranz Secretary 1.00 X X 0 0 0 Daun Maier Treasurer 1.00 X X 0 0 0 Anita Rauch Chief Executive Officer 40.00 X X 285965 0 34719 Alan Zimprich Chief Financial Officer 40.00 X 115967 0 28478 Kay Paulson Chief Risk Officer 40.00 X 126055 0 12433 Heather Ristow Chief Operating Officer 40.00 X 113138 0 8232 Dave Macintire Director of Information Technology 40.00 X 106042 0 10646 747167 0 94508 5 0 1 0 Jack Henry & Associates Inc PO Box 609 Monett MO 65708 system software & Services 165587 OSG Statement Services 2471 S Commerce Dr New Berlin WI 53151 printing and delivery Services 106749 Wescom Resources Group 5601 E La Palma Ave Anaheim CA 92807 home banking services 103805 3 Interest on Loans 522100 8866552 8866552 Fee Income 522100 2421884 2384437 37447 Commission Income 522100 305314 295956 9358 70357 70357 11664107 548843 548843 14475 0 14475 14475 14475 753 -753 -753 -753 Data Processing Income 900099 8047 8047 2464 2238 226 10511 12237183 11625349 49043 562791 465129 4041435 118091 520899 377700 798 35776 54507 391585 592686 426121 610460 37169 21949 25212 723135 79678 Dividends On Member Sha 891010 Debit & Credit Card Exp 517408 Loan Servicing Expense 387805 Provision for Loan Loss 66619 302068 10687240 5404328 4879243 2212542 12276978 531984 564042 200392894 218658930 433447 624929 19196709 8529429 10674070 10667280 4000000 6926000 40616222 32013366 1028375 930825 6617855 6795846 271911717 294337439 1681733 6079769 5963 3203 10615608 8000000 225521672 244232164 237824976 258315136 X 0 0 0 0 34086741 36022303 34086741 36022303 271911717 294337439 X 1549943 385619 X 0 0 0 1678100 1678100 12106932 4391464 7715468 635867 361576 274291 3341379 2423589 917790 1434431 1352800 81631 10667280 Certificates of Deposit 32013366 C 32013366 Share Drafts and Certificates 243553585 Participation Loans 500140 457b Annuity Payable 178439 244232164 X X 0 0 0 Anita Rauch Chief Executive Officer 231757 0 50000 0 4208 0 20177 0 14542 0 320684 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 11 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. The CEO reviews president and VP compensation annually based on performance. 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 385,619.