2024-05-07T14:34:58-07:00 2023-12-31 990 2023-01-01 626040478 HERITAGE SOUTH COMMUNITY CU HERI 9316843596 P O Box 1219 Shelbyville TN 37162 Jody Stovall Chief Financial Officer 9316843596 2024-05-07 Jody Stovall 999009999 1 1 11 0 AAL2 X 2023 2023-04-26 12:10:37Z Laura Parham PO Box 1219 Shelbyville TN 37162 53035242 0 X www.heritagesouth.org X 1957 TN Provide service in the form of loans, shares, drafts, IRA and various other services for approximately 33,519 members. 7 7 102 7 0 4261 0 0 11935338 14384312 -670956 -976095 6343297 6579918 17607679 19988135 0 0 0 0 6935141 7627951 0 0 0 7120870 9998243 14056011 17626194 3551668 2361941 310634277 307924520 269178999 260387825 41455278 47536695 Provide service in the form of loans, shares, drafts, IRA and various other services for approximately 33,519 members. 0 0 17626194 19988135 Provides various financial services to its approximately 33,519 members. 0 0 0 17626194 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 1 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 4663 0 1 102 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 0 0 TN X Laura Parham 9316843596 763 North Main Street Shelbyville TN 37160 Laura Parham CEO 45 0 X X X 354777 0 0 David King SVP - Information Technology 45 0 X X 173211 0 0 Beverly Saylor SVP - Compliance & Internal Auditor 45 0 X X 162029 0 0 Jody Stovall CFO 45 0 X X 160592 0 0 Betty Baker SVP - Lending 45 0 X X 122353 0 0 Tony Hicks Director of Business Lending 45 0 X X 107601 0 0 Geraldine Gassaway Branch Manager 45 0 X X 103115 0 0 Jesse Wrenn IT Security Administrator 45 0 X 102874 0 0 Brett Young Financial Analyst 45 0 X X 102147 0 0 Ken Malone Board President 1.25 0 X X 0 0 0 Talley Floyd Board Vice President 0.5 0 X X 0 0 0 Jerry Gordon Board Treasurer 0.5 0 X X 0 0 0 Brian Parker Board Secretary 0.5 0 X X 0 0 0 Wyatt Burk Board member 0.5 0 X 0 0 0 Clay Ledford Board member 0.5 0 X 0 0 0 Andrea Anderson Board member 0.5 0 X 0 0 0 1388699 0 0 9 0 1 0 0 0 Interest on loans 522130 14384312 14384312 0 0 0 0 0 0 14384312 1423538 1423538 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 30400367 247107 32800000 247107 -2399633 0 -2399633 -2399633 0 0 Other operating income 522130 3759873 3759873 0 0 2820045 2820045 0 0 6579918 19988135 19988135 0 0 X 1388699 4168490 613133 1060177 397452 1050 220073 1060777 291853 168770 337102 677613 77097 11418 3309493 236125 89268 ATM & Debit Card Expenses 1691982 Loan expenses 666212 Provision for Loan Loss 627875 Miscellaneous expenses 531535 17626194 0 0 0 5620279 5522662 21228361 5959782 975324 1179799 209680076 227223295 448102 389915 17218756 8468085 8953504 8750671 48753338 43004307 0 14975293 15894089 310634277 307924520 2635380 4395264 0 266543619 255992561 269178999 260387825 X 0 0 10855120 11699319 30600158 35837376 41455278 47536695 310634277 307924520 X 2361941 3715958 0 0 0 3518 X 0 1 X 1 0 0 2847821 2847821 0 7945852 2903425 5042427 0 891 0 891 0 6424192 5564660 859532 0 0 0 0 8750671 Investment in NCUA Capitalization Fund 2523116 Loans to employees 2380594 Accrued Loan Interest 994509 Accrued Investment Income 285499 Split Dollar Loan Receivables 9062593 Other Assets 647778 15894089 0 Shares and Deposits 255992561 255992561 19988135 0 0 0 0 0 19988135 0 0 0 19988135 17626194 0 0 0 0 0 17626194 0 0 0 17626194 0 0 0 Laura Parham CEO 240000 0 114104 0 673 0 0 0 0 0 354777 0 0 0 David King SVP - Information Technology 140000 0 33109 0 102 0 0 0 0 0 173211 0 0 0 Jody Stovall CFO 128978 0 30941 0 673 0 0 0 0 0 160592 0 0 0 Beverly Saylor SVP - Compliance & Internal Auditor 130910 0 30446 0 673 0 0 0 0 0 162029 0 0 0 Betty Baker SVP - Lending 97800 0 24120 0 433 0 0 0 0 0 122353 0 0 0 Tony Hicks Director of Business Lending 87500 0 19678 0 423 0 0 0 0 0 107601 0 0 0 Geraldine Gassaway Branch Manager 82243 0 20431 0 441 0 0 0 0 0 103115 0 0 0 Brett Young Financial Analyst 96351 0 5704 0 92 0 0 0 0 0 102147 0 0 0 Jesse Wrenn IT Security Administrator 83300 0 19484 0 90 0 0 0 0 0 102874 0 0 0 Jerry Gordon Board Member Home equity loan X 55634 43365 0 1 1 Laura Parham Employee Share secured, overdraft, home equity & line of credit X 428000 15615 0 1 1 Jody Stovall Employee New auto, line of credit & home equity X 56010 6804 0 1 1 Betty Baker Employee Overdraft, home equity, line of credit & commercial real estate X 550301 129069 0 1 1 David King Employee New auto, commercial real estate, real estate secured line of credit and home equity X 432025 385000 0 1 1 Beverly Saylor Employee Line of credit and home equity X 202600 10000 0 1 1 Denise Parker Employee First mortgage, boat and overdraft X 612522 115646 0 1 1 Brett Young Employee Real estate secured line of credit and new auto X 194140 89774 0 1 1 Mandy Burton Employee Used auto, RV/Camper and signature X 66872 23769 0 1 1 Gabriela Orjuela Employee Signature X 12000 10043 0 1 1 Tony Hicks Employee First mortgage and home equity X 149000 22727 0 1 1 Geraldine Gassaway Employee Used auto, line of credit, signature and first mortgage X 235510 205818 0 1 1 Latasha Biles Employee New auto and line of credit X 311922 2474 0 1 1 Wyatt Burk Board member Used auto X 30010 2605 0 1 1 Carla Brown Employee Used auto, home equity and first mortgage X 144976 117090 0 1 1 1179799 Form 990, Part VI, Section A, Line 6 The organization has approximately 33,519 members. Form 990, Part VI, Section A, Line 7a An annual meeting is held by the organization at which time any members present may participate in the election of various members of the governing body. Form 990, Part VI, Section A, Line 7b All members present at the annual meeting held by the organization ratify any decisions made by the governing body. Form 990, Part VI, Section B, Line 11b A copy of the Form 990 is provided to the governing body for review and approval before it is filed. Form 990, Part VI, Section B, Line 12c Our policy is monitored regularly during the normal course of business and the governing body attest to adherence to this policy on an annual basis. Form 990, Part VI, Section B, Line 15 The annual review of the CEO/President of the Credit Union is handled by the compensation committee of the governing body. Form 990, Part VI, Section C, Line 19 These items are available upon request at our main office. Form 990, Part IX, Line 11g General equipment & software maintenance, statement & notice processing and dues & subscriptions Form 990, Part XI, Line 9 Entry fees